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AA on the right savings road

AA on the right savings road

Category: Savings

Updated: 09/10/2009
First Published: 09/10/2009

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 It is now over 6 months old so the content may be out of date.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 is on the right road with the launch of its new Five Year Fixed Rate Savings Account.

A postal operated account requiring a minimum investment of £500, it pays 5.15% yearly (5.03% monthly), high enough to send it towards the top of the five year bond charts.

Applications can be made by phone or online, while additional investments are allowed while the issue remains open.

The monthly option will be of use to those looking for a regular income, while early access is available for the loss of 90 days' interest.

A good all round product, four out five Moneyfacts stars is a well earnt reward.

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 Any products featured may be withdrawn by their provider or changed at any time.