AA Internet savings account rate drop

Brighty

Just noticed on the AA website that their internet only saver shows a rate of just 5.11% instead of the 5.31% it showed when i opened one last week to put my A&L cash into. Haven't even put the cash in yet, Oh well looks like i'm closing that straight away then. What's the best saver now then guys?

Brighty

Stonk

If you opened it before 24 June, then you have "Issue 1", which is paying 5.21% (i.e., 0.1% below where it was when you opened it). Still pretty competitive. The one available to new applicants is "Issue 2", which pays 5.11%, and this is the rate they quote on the website. Not quite as competitive. Both of these number include a 0.6% 12-month bonus.

B&B have eSavings at 5.25% with no introductory bonus. NR Tracker Online was 5.41% last time I checked, but that's including a fairly hefty bonus for only the first 6 months.

Plasticman

I notice that Martin hasn't updated the 'Instant Access Savings' article yet.

Former_MSE_Dan

It's been updated now. Following the drop in rate by AA, no account beats ING significantly enough (AA had a bonus) to be included ahead of it. We'll be on the lookout for any new launches.

Stonk

B&B at 5.25%? That's bordering on significant. There are plenty of people here who'd shift their cash for less (wisely or not). Or perhaps it's ruled out because you need £1,000.

annette's_corner

30 JUNE 05 Telephoned AA re Issue 1 they advised that the rate was still 5.31% and would e-mail if reduced.

Stonk

They should align their telephone people with their website people. See the bottom table on this page:

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

Former_MSE_Dan

Hi Stonk,

B&B is mentioned in the article, under ICICI.

The reason it hasn't replaced AA is that it is an Internet only account, and the AA was only the winner in non-internet accounts.

Cheers