AA adds to range of ISA products

AA adds to range of ISA products

A lender has added to its ISA range.

Britons wishing to compare savings on the best ISA rates available in the UK may want to consider a new deal on offer from one financier.

As of today (April 21st), consumers are eligible to take out a two-year ISA with a fixed annual equivalent rate of 3.5 per cent attached to it, which has been created by AA Savings.

The product will be added to the company's existing range of packages and, according to Mark Huggins, director of AA Savings, "firmly establishes our position in the ISA market" as the 2011-12 tax year gets underway.

Mr Huggins added that the launch of this deal "underlines our determination to offer the best possible savings options" to consumers in the aftermath of the worldwide economic slump.

Research released earlier this week (April 18th) by Willis Owen showed that ISAs became more popular in Britain last year, as it witnessed a 20 per cent rise in the take-up of the products in 2010-11.

By Emma North
 ADNFCR-2079-ID-800508827-ADNFCR
Thursday, 21 April 2011 00:00
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Comments (2)

The comments listed below are opinions held by the individuals posting and are not endorsed by, or representative of opinions held by which4u.co.uk. We cannot be held responsible or liable for the accuracy or content of any comments submitted. We reserve the right to publish, remove or edit comments as we see fit.
  • Mrs S E Sargent 2012-01-13 17:42:12
    I would like to close my account. Could you do this and send me a cheque for the balance?

    S E Sargent
  • Keith [Editor] 2012-01-16 16:37:32
    Hello Mrs Sargent. Thank you for getting in touch.

    Unfortunately, we're not able to do that as we have no direct affiliation with the AA. You will need to contact them directly if you wish to close your account.

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Top 5 ISAs

Provider
AER
Notice
Min Deposit
Max Deposit
Apply
View Full Table >
3.75%
Fixed term for 2 Years
£100
£50,000
3.70%
Fixed term for 2 years
£10,000
£150,000
3.40%
Fixed term for 2 years
£3,000
£10,000
3.30%
Fixed term for 3 years
£1
£5,640
3.20%
Fixed term until 31/05/2013
£100
£5,340

Progressive BS 2 Year Fixed Rate ISA

Governor Money
  • Account gives you a great rate of 3.75% AER
  • You can open an account with just £100.
  • The maximum balance is £50,000.
  • Early access on full closure only and subject to an Early Closure Charge equivalent to 270 days interest at 3.1% plus a £15 (ex VAT) admin charge
  • YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme

Lloyds TSB 2 Year Fixed Rate Cash ISA

Lloyds TSB
  • Fixed interest rates. Earn 3.40% AER/Tax Free* on balances of £3,000 or more fixed for 24 months from account opening. View Fixed Rate Cash ISA interest rates.
  • You have instant access to your money but a withdrawal charge will apply on any amount you take out.
  • Interest rate fixed for 24 months from account opening.
  • Interest calculated on a daily basis and paid on anniversary of account opening and upon account maturity.
  • You can transfer your existing ISA into us, with our ISA transfer form. We may keep you informed of progress of your transfer by SMS text.
  • Continued growth - at the end of the 24 month fixed rate period, your account pays interest at our standard variable Cash ISA Saver (excluding bonus rate).
  • Manage your account through Internet Banking, PhoneBank® or branch.
  • Save up to £5,100 each tax year. The 2011/2012 tax year commencing on 6th April 2011 will allow you to save up to £5340 in that tax year.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Lloyds TSB 2 Year Fixed Rate Cash ISA

Lloyds TSB
  • Fixed interest rates. Earn 3.70% AER/Tax Free* on balances of £10,000 or more fixed for 24 months from account opening. View Fixed Rate Cash ISA interest rates.
  • You have instant access to your money but a withdrawal charge will apply on any amount you take out.
  • Interest rate fixed for 24 months from account opening.
  • Interest calculated on a daily basis and paid on anniversary of account opening and upon account maturity.
  • You can transfer your existing ISA into us, with our ISA transfer form. We may keep you informed of progress of your transfer by SMS text.
  • Continued growth - at the end of the 24 month fixed rate period, your account pays interest at our standard variable Cash ISA Saver (excluding bonus rate).
  • Manage your account through Internet Banking, PhoneBank® or branch.
  • Save up to £5,640 each tax year. The 2011/2012 tax year commencing on 6th April 2011 will allow you to save up to £5640 in that tax year.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Chelsea BS Fixed Rate ISA

Chelsea Building Society
  • Guaranteed fixed rate of interest for the duration of the Fixed Rate e-ISA
  • Minimum investment of £100
  • ISA transfers in*** from other providers and deposits up to your 2011/2012 ISA limit, can be made whilst the product remains on sale. Transfer charges may apply, please check with your existing provider
  • Interest paid annually
  • Withdrawals are not permitted during the term
  • Early closure or transfer out to another ISA provider is permitted subject to 90 days loss of interest on the closing balance. Early closure would mean loss of tax free status other than transfers to another ISA provider.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Virgin 1 Year Fixed Rate e-ISA

Virgin
  • Great rate of 2.90% tax-free p.a./AER
  • Guaranteed fixed rate of interest for the duration of the term
  • Start saving from £1
  • Minimum age 16
  • Online application process to help make opening your Fixed Rate e-ISA easy
  • Withdrawals are permitted during the term with a charge of 60 days loss of interest
  • Transfers are allowed simply complete a Transfer Authority Form
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Virgin 3 Year Fixed Rate e-ISA

Virgin
  • Great rate of 3.30% tax-free p.a./AER
  • Guaranteed fixed rate of interest for the duration of the term
  • Start saving from £1
  • Minimum age 16
  • Online application process to help make opening your Fixed Rate e-ISA easy
  • Withdrawals are permitted during the term with a charge of 120 days loss of interest
  • Transfers are allowed simply complete a Transfer Authority Form
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme