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New 2-year postal fixed rate savings from AA savings

10th September 2013 Print

AA Savings has launched a new postal 2-Year Fixed Rate Savings Account paying up to 2.25% gross/AER for those saving £50,000 or more.

The account can be opened over the phone or online with as little as £1 and up to £5 million (£10million for joint accounts).  The account is tiered: for savings of up to £9,999.99 the fixed interest rate is 1.60% gross/AER; from £10,000 up to £24,999.99 1.80% gross/AER; £25,000 up to £49,999.99 2.20% and for sums of £50,000 and above 2.25% gross/AER.
Interest is calculated daily and either credited to the account annually on the anniversary date of the deposit or it can be paid into a bank account.  Withdrawals can be made but will be subject to a charge. 
Says Mark Huggins, director of AA Financial Services: "This is an easy to manage account from one of Britain's most trusted brands, offering a competitive interest-rate"
Applications should be made online at