New Savings Account

Smudger8947

I have read Martin's section on savings, and it looks like that AA account is the right one for me. BUT, I have an issue with giving the AA my money!

Am I being daft, or is this a usual concern for someone who has never had £1 to save let alone over £3,000.

G_M

What's your issue? That you are a long-standing member of the RAC? That it's not a bank? That as a motoring organisation it's environmentally unfriendly?.........??

Smudger8947

Thank you. I feel a lot better for your advice. Of course it is nothing to do with the banks dropping like flies, and maybe a car mechanic could do it better!

I don't know anybody that has an AA account and would like to know of others experiences.

littlemrtinkle

i opened a bond back in october and the bond was actually with birmingham midshire?

Steve_xx

Smudger8947 wrote: »

Thank you. I feel a lot better for your advice. Of course it is nothing to do with the banks dropping like flies, and maybe a car mechanic could do it better!

I don't know anybody that has an AA account and would like to know of others experiences.

Your savings with the AA bank would be fully protected under the Financial Services Cimpensation Scheme. The AA Bank is administered by Bank of Scotland who are part of HBOS and who have just become paet of LloydsTSB.

ahai1

What AA savings account. There should not be any problem except Birmingham Midshires who are slow to open my 1 year fixed rate bond because they could not handle the applicants and are incapable of giving a straight answer.

Do BM customers need to provide ID?

Baldur

ahai1 wrote: »

Do BM customers need to provide ID?

I didn't when I opened an AA Fixed Rate A/C last October.

ahai1

Sorry but can someone tell me what account is been discussed here?

Baldur

ahai1 wrote: »

Sorry but can someone tell me what account is been discussed here?

From the Op's original statement:

I have read Martin's section on savings, and it looks like that AA account is the right one for me.

It is presumably this one.

ahai1

Thanks. If I am right and the bond is done by the Birmingham Midshires than avoid it like the plague as I have had really bad service from them.

This bond is not that good as Coventry had a 3.75% wth only £1.

Lokolo

ahai1 wrote: »

Thanks. If I am right and the bond is done by the Birmingham Midshires than avoid it like the plague as I have had really bad service from them.

This bond is not that good as Coventry had a 3.75% wth only £1.

I opened fixed rate ISA. Forms got sent to me in 2 days, ISA transfer and ISA complete within a week. Top notch for me. Guess they just don't like you