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AA launches two year bond

AA launches two year bond

Category: Savings

Updated: 19/07/2012
First Published: 17/07/2012

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 It is now over 6 months old so the content may be out of date.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 competitive two year bond paying 3.80% on its anniversary.

The 2 Year Fixed Rate Savings Account requires investments between £1 and £5 million and further additions can be made whilst the issue remains open.

This deal's appeal is boosted by the fact that early access is allowed, subject to penalty and depending on the outstanding term. Savers with one year or less remaining will be penalised by a 90 day loss of interest, whilst those with between one and two years left will receive a 180 day loss of interest penalty.

The account can be operated by savers aged 18 and over, by post only.

This product has been awarded four out of five Moneyfacts stars.

Find the best savings accounts for you - Compare fixed rate bonds

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