New internet fixed-rate savings account from AA Savings

AA Savings has launched a new Internet 1 Year Fixed Rate Savings Account, offering a top market interest rate of 7.21% gross/AER.

Interest is calculated daily and can be either paid as a return at the end of the year at a rate of 7.21% gross/AER or as regular monthly income or 6.98% gross/7.21%AER, both can be paid into a linked account, another AA savings account or back to your AA Internet 1 Year Fixed Rate Savings Account. Minimum investment is £500 and the maximum is £5 million.

The Internet 1 Year Fixed Rate Savings Account offers exceptional security with full online functionality. Only available online and as a single account, the Internet 1 Year Fixed Rate Savings Account is a limited issue from the AA.

Mark Huggins, director of AA personal finance says: "At a time of uncertainty, this account offers a secure home for your savings with a worthwhile interest rate, whether paid at the end of the term or as a monthly income."

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2008-09-26 15:46:42 © Moneyextra.com