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AA Internet Extra (Issue 7)
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alanq
Posts: 4,216 Forumite
Unlimited penalty-free access
Balances under £20,000 2.60% (inc. 1.90% fixed bonus for 12 months)
Balances of £20,000 or more 3.07% (inc 2.57% fixed bonus for 12 months)
Ts&Cs unclear.
"After 12 months the variable rate without bonus will apply, currently 0.50%". But the variable rate currently seems to be 0.70% for balances under £20,000!
http://www.theaa.com/savings/internet-savings-account.html#tabview%3Dtab0
Balances under £20,000 2.60% (inc. 1.90% fixed bonus for 12 months)
Balances of £20,000 or more 3.07% (inc 2.57% fixed bonus for 12 months)
Ts&Cs unclear.
"After 12 months the variable rate without bonus will apply, currently 0.50%". But the variable rate currently seems to be 0.70% for balances under £20,000!
http://www.theaa.com/savings/internet-savings-account.html#tabview%3Dtab0
0
Comments
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"After 12 months the variable rate without bonus will apply, currently 0.50%". But the variable rate currently seems to be 0.70% for balances under £20,000!
Yes embarrassing incompetence. You wonder how this error wasn't spotted. I can only guess the bonus is supposed to be 2.1% and not 1.9% for tier 1.
Certainly C- and not AA for their arithmetic.I came, I saw, I melted0 -
It doesn't give much confidence that they will calculate the interest they actually pay you correctly, does it?0
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Hello, You are correct that the bonus is 2.1% gross AER for balances up to £19,999 on the AA Internet Extra (Issue 7). The incorrect information was on the web pages only and the correct interest will be calculated on all accounts. This was corrected on the website as soon as we realised the mistake. Regards The AA“Official Company Representative
I am the official company representative of The AA. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"0
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