AA launches internet access savings account

Motoring specialist and finance firm the AA has launched a new internet access savings account.

The firm claims that the online version of its best-buy Instant Access ISA was created as a result of popular demand for the product.

With a typical interest rate of 2.70 per cent - including a one per cent bonus during the first 12 months of the account - the AA believes that the account will be a success for both the firm and consumers who sign up to the deal.

Mark Huggins, director of AA Financial Services, said: "The current AA Access ISA is proving to be a success so we have developed an online version of the account to extend its appeal.

"The AA's Internet Access ISA can be used in much the same way as an instant-access account, offering one of the best tax free interest rates up to the current limit of £5,100."

The minimum deposit for the new account is £500 and the no-notice withdrawal facility is subject to tax limits.

Leeds Building Society has also launched a new range of ISAs with competitive savings interest rates. 

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2010-08-20 12:06:01 © Moneyextra.com