Access ISA added to AA savings stable

The AA has launched a new instant-access Cash ISA offering 2.70% AER (variable), including a 1% bonus for the first 12 months.

Called the AA Access ISA, the minimum deposit for this postal account is £500 and the maximum £5,100 in any tax year.  It offers unlimited access to funds with no notice of withdrawal (subject to tax limits).  Investors can choose annual or monthly interest payments.

Mark Huggins, director of AA Financial Services, says that all savers should take advantage of the tax breaks open to them by saving in an ISA.

"I believe most people regard ISAs as long-term savings but they should be everyone's first port of call when it comes to saving, so they can make the most of tax free interest, especially as the maximum you can save in one tax year has increased from £3,600 to £5,100. The AA ISA is ideal for savers who want to be able to access their money easily, should they need it, as well as those who want to grow their savings over time.

"Customers can use the AA Access ISA much like a standard instant access account as withdrawals can be made at any time.  They can also save into the account on a regular basis, helping them to build up their ISA pot throughout the tax year."

The AA has established a reputation for offering best-buy savings accounts and this is the latest in its portfolio.  The interest rate places it firmly amongst the best-buy cash ISAs in the market.

Adds Huggins:  "The AA is one of the UK's most trusted names.  I believe that this cash ISA will enable us to help our customers understand how to make the most of their savings and take advantage of the tax breaks available to them."