Get your ISA savings on the road with AA - Savings - News - Moneyfacts


Get your ISA savings on the road with AA

Get your ISA savings on the road with AA

Category: Savings

Updated: 09/07/2010
First Published: 08/07/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
The AA has launched a new no notice ISA that should find favour with investors who prefer traditional methods of banking.

The AA Access ISA is a postal operated cash ISA that pays a rate of 2.70% (2.67% monthly) on a minimum investment of £500.

The rate includes a 1.00% bonus for 12 months, so a review will be needed after a year.

Transfers in are accepted, transfers out can be made without a penalty, withdrawals must be made via a nominated account and the product is operated by Birmingham Midshires.

It is good to see AA entering the ISA market with this no notice postal account. At 2.70%, it is amongst the market leaders and should do well with investors who prefer to do their banking via post.

The ability to transfer previous years' ISA allowance is a plus and this together with the option of monthly interest at a slightly reduced rate will appeal to those looking to supplement their incomes.

Four out of five Moneyfacts stars have been awarded.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

6 of the best monthly interest savings accounts

Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – and therefore allow you to take a regular income from your hard-earned cash.

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.