Internet Saver (Issue 1)
Manage my savings account
Internet Saver benefits
- Invest from £1 up to £5 million.
- Earn a monthly rate of 6.28% gross / 6.46% AER*.
- Apply for and manage your account securely online.
- Make unlimited transactions with no loss of interest.
- Interest is calculated daily and credited to your nominated account monthly on the first day of each month. Interest can be paid away to your linked account or to another AA savings account It cannot be paid back into your AA Internet Saver (Issue 1).
- View full and mini statements online.
- Our frequently asked questions will help you manage your account online.
Things you need to know
- Rates are effective from 17 July 2008.
- You must link your account to another bank or building society account (which must accept direct debits and be in your name), to transfer money effortlessly to and from your account. This will be your 'linked account'.
- You can only operate this account online.
- Rates are variable.
- The AA Internet Saver only offers monthly interest.
- Interest paid away to another bank or building society will take three banking days for the funds to arrive in your linked account.
- AA Internet Saver is unavailable to joint account holders.
- When you've submitted your application online please allow five banking days to receive correspondence regarding your application.
* AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what you can expect from your savings over time.
** Source Moneyfacts Monthly Interest and Internet Savings Accounts best buy tables, correct at 18 August 2008.
Gross is the contractual rate of interest payable before the deduction of income tax as specified by law.
Rates are variable.
Current and previous Bank of England interest rates can be found at:
http://www.bankofengland.co.uk/monetarypolicy/decisions.htm
Calls may be monitored and recorded for quality assurance and compliance. Lines are open Monday to Saturday 8am to 8pm. Call charges may apply.
The deposit-taker for the AA savings accounts is Birmingham Midshires, a division of Bank of Scotland plc, which is authorised for accepting deposits by the Financial Services Authority. It is entered in the FSA's Register and its Register Number is 169628. Registered office: The Mound, Edinburgh EH1 1YZ.
Bank of Scotland plc is a member of the British Bankers' Association and subscribes to the Banking Code, copies of which are available upon request.