New savings accounts from AA Savings

10 July 2009

AA Savings has increased the interest rate of its five-year fixed account by 0.15% to 4.65% gross/AER for new investors; while two new 2-year fixed accounts have been launched.

The account changes take effect immediately.

5 Year Fixed

The 5-year fixed account rate has been increased from 4.50% to 4.65% gross/AER.
Interest can be taken annually at a rate of 4.65% gross/AER or a regular monthly income (4.55% gross/4.65% AER).

2 Year fixed products

Internet and Telephone 2-year fixed accounts have been launched.

2 year fixed rate Internet account - 4.35% gross/AER also with a minimum deposit of 500

Interest can be taken annually at a rate of 4.35% gross/AER or a regular monthly income (4.27% gross/4.35% AER)

2 year fixed rate Telephone account - 4.25% gross/AER with a minimum deposit of 500.

Interest can be taken annually at a rate of 4.25% gross/AER, or a regular monthly income (4.17% gross/4.25% AER)

Maximum deposit for both accounts is 5 million

For further information visit theAA.com/savings

The 2-year accounts replace the AA's 16-month accounts.