New best-buy telephone account from AA Savings

AA Savings is firmly in the best buy league with launch of a brand new Telephone Access Account, matching its recently-launched Internet Access Account.

Like its Internet counterpart, the AA Telephone Access Account offers an interest rate of 6.30 per cent gross/AER (5.04 per cent net). The account can be opened with anything from £500 to £500,000 (£1 million for a joint account); it has no introductory bonus and unlimited withdrawals and deposits can be made with no penalty.

Interest is calculated daily and credited annually or monthly either to the savings account or taken as income, using a linked personal bank account. All transactions on the account are made by telephone and lines are open 08.00-20.00 Monday to Saturday (excluding public holidays).

Says Mark Huggins, managing director of AA Financial Services: “Not everyone is happy to make financial transactions over the internet and this new account provides a top interest-paying option for those preferring to use the telephone to manage their financial affairs.

“This is a secure, well-managed account from one of Britain’s most trusted brands. It’s very easy to manage and is completely transparent. It’s also easy to operate, as well as offering one of the best easy-access rates available.”

The AA Telephone Access Savings Account can be opened in sole or joint names. Customers can open more than one account.

For more information, visit theaa.com.