New Internet savings account from AA Savings

AA Savings launches a new easy access, Internet savings account today (Thursday 8th October) offering up to 3.30% gross pa/AER: Internet Extra.

The AA Internet Extra (Issue 1) account has two interest tiers. For investments of 1 upwards 3.15% gross pa/AER (2.25% net) which includes a 12 month bonus of 2.65%. For investments from 50,000 to 1m the account pays 3.30% gross pa/AER (2.64% net) including 12 month bonus of 2.80%.

Interest is paid on the anniversary of the first deposit, either into the account or a linked bank account.

Says Mark Huggins, director of AA Savings: "There are several fixed-rate accounts available that pay good interest rates, including the AA two and five-year Fixed Rate Savings Accounts.

"Because you can't touch your money once it is in a fixed rate account, these don't suit everyone. Internet Extra aims to offer a year of saving with good returns but without sacrificing flexibility. Customers can either make regular payments or simply pay in as much as they like when they like and their money is available as and when they need it.

"Those who save 50,000 and above are rewarded with an extra 0.15% gross pa/AER interest.

"With last month's news that households are saving more of their income* we're looking to encourage people to save in a straightforward account with a good interest rate over the coming year," Mark Huggins says.

"AA Savings has a good track record of offering top-paying accounts and savers will be able to move their money into another AA account once the bonus period has ended."

The account is available on theAA.com/savings and is easy to open.