AA Savings to launch two-year fixed rate ISA

Wednesday, 20 April 2011 11:30

Individuals looking for an ISA may be interested in a new product that is being launched by AA Savings tomorrow (April 21st).

The company is offering consumers a rate of 3.5 per cent AER with a two-year fixed rate for an investment of between £1 and £5,340 - and people have been informed they can apply over the telephone or online.

Director of AA Savings Mark Huggins stated the firm's reputation in the market for ISAs is likely to expand with the release of the product.

He suggested now is the right time to choose an ISA and added it makes clear the firm's "determination to offer the best possible savings options. It comes hot on the heels of the re-launch of the AA Internet Access ISA, an easy-access account with 3.35 per cent AER."

Savers will receive their first interest payment on the one-year anniversary of opening the account, while interest is worked out on a daily basis.

Use the Myfinances.co.uk's comparison tools to find the best deal on an ISA  

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