AA has launched two highly competitive fixed rate ISAs, both of which have attained places in the Moneyfacts charts thanks to their appealing rates and terms.
The one-year version of AA ISA –Fixed Rate Issue 2 pays 1.76% yearly while its two-year counterpart (also Issue 2) pays a yearly rate of 2.01%, both of which allow them to sit among the top 10 accounts of their respective sectors.
These bonds must be opened and operated online with a minimum investment of £500. Savers should note that access is via a nominated account.
Further additions are not permitted, but it is possible to transfer in existing ISA savings. Withdrawals are also not allowed, although it is possible to access funds early by closing the accounts and paying a breakage charge. Transfers out can be made on the loss of 90 days' interest for the one-year ISA and 180 days' loss for the two-year variant.
Both of these bonds offer savers enticing rates, which is sure to get them noticed. The fact that they also allow transfers in adds to their appeal, as does the potential to access funds early if absolutely necessary.
Moneyfacts rating: Excellent
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