AA Savings increases rate on five-year fixed account

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AA Savings increases rate on five-year fixed account

AA Savings has increased the interest rate on its five-year fixed account to 4.65 per cent gross interest and has launched two new two-year fixed accounts.

Monday, 13 July 2009 02:52

AA Savings has increased the interest rate on its five-year fixed account to 4.65 per cent gross interest and has launched two new two-year fixed accounts.

The five-year fixed account increased its rate by 0.15 per cent from 4.5.

The two-year fixed savings accounts offer an annual rate at 4.35 per cent for an internet version and an annual rate at 4.25 per cent for a phone version.

All accounts require a minimum deposit of £500. For the internet account, a linked current account is required and the initial deposit must be for the full investment amount.

Withdrawals are not permitted during the set term.

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