'No strings' internet savings account from AA Savings

AA Savings has today launched a new, ‘no-strings’, best-buy Internet savings account, called the AA Internet Access Account.

Offering an interest rate of 6.30 per cent gross/AER, the account does not include an introductory bonus. Minimum deposit is £500 and the account offers unlimited withdrawals and deposits with no penalty. Maximum deposit is £500,000.

Offering exceptional security, the account offers full online functionality. Money is transferred by BACS and customers can undertake and track all of their transactions on-line at any time. From first enquiry, the AA aims to have new accounts fully operating within 10 working days.

Says Mark Huggins, managing director of AA Financial Services: “At a time when there is concern about financial stability in some institutions, the AA is offering a secure, well-managed savings account. It’s easy to operate and fully transparent, as well as offering one of the best easy-access rates available underpinned by one of Britain’s most trusted brands.

“The account will be attractive to those who feel their current savings are being eroded by poor interest rates and reflects growing confidence in using the internet for financial transactions. Moving accounts has never been easier.”

The AA Internet Access Savings Account can be opened in sole or joint names. Customers can open more than one account. Interest can be paid annually or monthly.

For more information, visit theAA.com.