AA 4.05% Internet 16 month Fixed Rate Savings Account

nobby24

Any body opened one of these accounts? I've closed my Saga Top 5 tracker which was down to 1.88% and opened the AA account because I didn't need to touch the money for 16 months anyway.

opinions4u

Whil the numbers are small in difference, the 4.05% figure is a bit naughty.

The AER is actually 4.01%.

http://www.theaa.com/savings/index.html

It's still in a "worth considering" price range though.

artha

nobby24 wrote: »

Any body opened one of these accounts? I've closed my Saga Top 5 tracker which was down to 1.88% and opened the AA account because I didn't need to touch the money for 16 months anyway.

Can the AA account be topped up over the 16 month period?

nobby24

I think so because it just says "To take full advantage of this offer, your initial deposit should be for the full amount you'd like to invest. This must be sent via cheque and drawn on the same account that you have nominated as your linked account.".

ultra10

There will be better deals than this inside 18 months, too long to fix IMO ...

dealsearcher

This account is not available to joint account holders. So you can't spread your tax allowance between the two of you.

opinions4u

dealsearcher wrote: »

This account is not available to joint account holders. So you can't spread your tax allowance between the two of you.

Open one each then!

dealsearcher

:wall: duh!

The simple answers are always the best!