AA Financial Services launches first savings product

The cash ISA offers a one year fixed rate at 1.76% tax Free/AER Fixed or two years at 2.01% tax Free/AER Fixed. The easy-access variable product offers an interest rate of 1% tax Free/AER Variable, with no introductory bonus.

The AA ISA also allows savers to split their ISA savings across fixed and variable rate products all within one online account. Customers have the added benefit of transferring-in existing ISA funds.

Kathryn Thomas, Director of AA Financial Services, said:

“We’re delighted to be able to offer some of the top fixed interest rates as part of this new range of options from The AA, as well as offering savers the freedom to choose a combination of variable and fixed-rate options within one account.

“This proposition is at the fore of the savings market and offers a remarkable level of flexibility for savers.  It allows the customer the opportunity to divide their funds between a higher interest fixed rate and an easy-access variable rate, which can all be managed easily online.

“The AA ISA also accepts transfers in, enabling savers to consolidate their ISA savings under one roof and get competitive interest rates on their entire ISA pot.”