Excellent4.5

50% of customers recommended from 28 ratings

AA Savings offer you several different ways that you can save your money. If you're looking for a long term home for your savings you could try an AA fixed rate bond, or a tax-free fixed rate ISA. If you need more flexibility, AA also have an instant access account that you can manage online. AA Saving's deposit taker is Birmingham Midshires, which is a division of Bank of Scotland plc. If you save your money with AA Savings it'll be protected by the Financial Services Compensation Scheme up to £85,000.

Compare AA Savings

AA 2 Year Fixed Rate ISA
Account Type
Cash ISA
Open With
£1.00
Interest Rate (AER)
1.75% fixed
for 2 years
on £1+
Protection Scheme
FSCS
Open Account
Online & Phone
AA Internet Extra (Issue 16)
Account Type
Easy Access
Open With
£1,000.00
Interest Rate (AER)
1.4% variable
on £1,000+
Protection Scheme
FSCS
Open Account
Online

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AA Savings Reviews

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Got an AA savings account? Tell us about your experience because it will help others. Add a review.

A good value rate

Good

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by rayz77

They provided the best ISA interest rate out there when I took it out. They let me know when the rate went down too which was good. Can view account online and link into tool like Money Manager. Their customer service was good recently when I had to request for my online account to be opened as it had been suspended. All delt with quickly and in an effecient manner. Would recommend but would also recommend shopping around for the latest deals.

Good initial rate on ISA

by rayz77, 1 month ago report review

AA 2 year fixed bond

Excellent

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by Sabre

I have had a two year fixed bond with the AA renewing it every two year's and have been very happy with the service so when I drew the money out of a bond which was losing me money I decided to get another 2 year fixed rate and the efficient way they conducted themselves was extremely impressive with no hassle whatsoever. It was all done through the post and I had to pay by cheque. I would certainly recommend them to anyone wanting a safe investment.

Excellent service both on the telephone and by post

by Sabre, 27 Jun 2012 report review

AA savings 1 year at 3.6% fixed

Good

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by smithd

My one year AA fixed rate Bond at 3.6% matures in December 2012. I notice that currently the AA does not offer a one year bond, so I guess I was fortunate in that I was able to grab it last December. Around that time both a postal and an online version were available, both at 3.6%. I chose the postal version, but despite the name, application was done online - it was simple - and then the AA sent me a letter a few days later, requesting I send a cheque. The one year period commenced when the AA paid the cheque into the new account. It was possible to make additional deposits while the issue remained open. No withdrawals are allowed on the one year bond. The AA promise to write about 2 weeks before maturity, giving me options to reinvest or take the money. At present the AA only offers two and five year fixed Bonds, but I hestitate to fix more than a year as maybe general interest rates could rise in the meantime?

Fair return 3.6% for one year

No withdrawals

by smithd, 5 Mar 2012 report review

AA Fixed Term Savings

Excellent

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by fatfrank

This is the 2nd term I have had the AA Fixed Term Savings Bond. It was easy to set up on line, the paperwork was all quick and simple to understand. They write to you a month before it expires to ask you what you want to do with the interest and the Bond, telling you what their new % rate is, and it has always been a good rate.

easy paperwork online

by fatfrank, 23 Feb 2012 report review

AA 1 Year Fixed Rate Savings Account 3.50%. A good rate that's not tied up for ever.

Good

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by Priceless

I took out this savings product towards the end of 2011. A time when as the credit crunch and financial austerity were biting even harder (for Mr & Mrs Average on the high street), it was very difficult to get a savings account that could come some way to keeping you near inflation. With the CPI and RPI figures at high levels it's almost impossible to get a good account that keeps you in positive territory. At 3.50% this still means that my savings will not keep me ahead of inflation. But, you have to save at the best rate you can get at the time to at least get some return for your money. Within days of taking this product out the rate was INCREASED to 3.60%. Unfortunately I'm locked in at the former 3.50% but with the amount I invested 0.01% is not the end of the world. Keep your eyes on the AA Savings product range. They're always updating and changing rates both up AND down so you need to act fast and be a savy saver! They're part of the Lloyds Banking Group, so watch your individual investments across the group if you're getting anywhere near your protected ?85K limit. I'm not, so it won't worry me.

Goodish rate for a 1K entry level. With most products rates do change

1K entry level could be prohibitive. Keep you eye on their rates.

by Priceless, 3 Mar 2012 report review

my interest for the future

Excellent

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by seddon80

very good soon able to open account and add money withdrawal is quick and easy think it is one of the best hope to use it for a good time. there are no penalties for withdrawal as it is instant. Very good savings account with no drawbacks, we found it in weekly newspaper and we have used them in the past so lent them our money with confidense.

good interest rate

interest rate could be better

by seddon80, 2 months ago report review

AA Bond pays me 5.15% fixed to 2014, and only 90 day interest penalty to withdraw

Excellent

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by smithd

I opened this 5 year AA Bond in 2009 at a fixed 5.15% for 5 years. The clincher for me was that the money could be withdrawn, in full or just in part, at any time with a relatively small penalty - of just 90 days loss-of-interest. Taking the withdrawal penalty into account, I estimated that if I withdrew it all after 1 year, I still would have had an effective interest rate of 3.9%, and if I withdrew after 2 years, an effective rate of 4.5%. So I can expect above 4.5% if I were to cash-in now, as I have held it for about 2.5 years. This was a limited issue, and you have to be ready with any spare cash you might have, if you wish to take advantage of such offers! I have found it well worth keeping an eye out for such deals - I try to look out for such offers on the comparison websites every couple of weeks, including of course the money.co.uk website !

Good 5.15% interest for 5 years, with withdrawal option

Limited issue

by smithd, 2 Mar 2012 report review

AA Internet Extra issue 5 pays 3.2% with no-penalty access

Good

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by smithd

Opened this issue 5 of this Internet Extra account in September 2011, when it offered just 2.8% but had the advantage of no-penalty access. It is on online account, which to access needs you to set up (it is easy) a username and password. I was pleasantly surprised when AA increased the rate to 3.2% in December 2011, including on existing accounts, including mine. Strangely, later in December (or early January) the AA withdrew this issue 5 for new applications, replacing it with a re-launched issue 4 at the lower rate of 2.8%. I must be grateful that the rate on existing issue 5 accounts - such as mine - continues to be 3.2% ! Long may it continue. Money can be invested in these accounts either by direct Debit from a linked bank account, or paid in from anywhere else, using say, a "fast transfer". Taking money out, although penalty-free, is certainly not "instant". After requesting a withdrawal online, the money appears at its destination during the next working day. In short, a handy account with decent interest for almost instant (ie takes 24 hours) online withdrawals.

Decent 3.2% rate with penalty-free access

Rqte drops after 12 months when bonus ends

by smithd, 3 Mar 2012 report review

The AA 5 year bond taken out in March 2010

Good

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

top of rates back 3 years. Fixed rate bond - little more to say. Thy take their time to receive money by cheque and give money back so best use for longer term or factor this in if rates are good v competition. Review a bit short. Review a bit short.... its a simple product.....this is a badly designed questionaire

interest rate

now cut rates

by markbor72, 20 Jul 2013 report review

AA savings annual rate

Excellent

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by grannym

highest interest at the moment of taking it out

high interest

nil

by grannym, 18 Jun 2013 report review

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