AA Savings account? any experiences?

isayhello

Hi all,

I was wondering if anyone has any experience of using the AA for their savings account. I'm looking at moving my savings and they seem to have a good rate of 3.15% for balances less than 50k....which seems fairly ok.

I cant find much about peoples experiences with them though, so any thoughts would be appreciated.

Thanks

rb10

I started a thread on this exact same topic a couple of weeks ago:
http://forums.moneysavingexpert.com/showthread.html?t=2040053&highlight=

As the responses were overwhelmingly positive, I have opened one. My experiences so far agree 100% with the replies on that thread, I received my account number, with an agreement to sign, and a pre-paid envelope, on a Tuesday (having applied Sunday night). They then sent out my log-in details two working days after they received my cheque. So can't fault them for how quick they are!

Haven't tried to withdraw money yet, but opening was simple.

Just remember to close the account in a year, as 2.65% is a bonus that only lasts for the first 12 months.

atypical

Do they support Faster Payments? I know on that thread you linked to it says they don't out but I read on another that they do for payments in.

rb10

Yes, I have sent faster payments to my AA account.

Can take up to a couple of hours to show up though.

And no sign of faster payments out.

zogg

Managed to get the 7.2% deal last year.

No problems at all. Wrote to me 4 weeks prior to maturity and paid funds and interest into nominated account on specified date. No sure about faster payments.

I would certainly deal with them again.

isayhello

rb10 wrote: »

I started a thread on this exact same topic a couple of weeks ago:
http://forums.moneysavingexpert.com/showthread.html?t=2040053&highlight=

As the responses were overwhelmingly positive, I have opened one. My experiences so far agree 100% with the replies on that thread, I received my account number, with an agreement to sign, and a pre-paid envelope, on a Tuesday (having applied Sunday night). They then sent out my log-in details two working days after they received my cheque. So can't fault them for how quick they are!

Haven't tried to withdraw money yet, but opening was simple.

Just remember to close the account in a year, as 2.65% is a bonus that only lasts for the first 12 months.

Thanks for the info, did you have to credit your account with a cheque to begin with? wouldnt they accept an electronic transfer?

I just ask as i dont have a cheque book.

jem16

isayhello wrote: »

Thanks for the info, did you have to credit your account with a cheque to begin with? wouldnt they accept an electronic transfer?

I just ask as i dont have a cheque book.

They need a cheques to verify your linked account. So yes first deposit has to be by cheque.