A new two year fixed rate ISA offering a rate of 3.5% AER will be launched by AA Savings on Thursday 21st March.
The financial services arm of the AA is making a new two year fixed rate ISA available from Thursday.
A minimum investment is £1 is required and transfers-in from other ISAs are permitted Applications can be made by telephone or online.
Although there is considerable focus on making savings into an ISA towards the end of the tax year, it actually makes good financial sense to contribute to an ISA as early in the tax year as possible.
This makes the most of your cash ISA allowance, which is currently £5,430 per year.
The AA has gradually strengthened its position as a provider of a range of financial services such as insurance, loans and travel currency cards.
“This new ISA underlines our determination to offer the best possible savings options. It comes hot on the heels of re-launch of the AA Internet Access ISA, an easy-access account with 3.35% AER”, Mark Huggins, director of AA Savings, told us.
People wishing to apply for this ISA by phone can contact AA Financial Services on 0845 603 6302.