AA Telephone Savings Account 4 gets improved rate

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AA Telephone Savings Account 4 gets improved rate

Wed 12th Oct 2005

The AA has announced that it is increasing the rate for its Telephone Savings Account 4 to 4.86 per cent, up from 4.76 per cent.

This new rate applies to all customers with a balance between £1 and £5 million and there is no limit to the amount of withdrawals or deposits that can be made.

Lloyd East, general manager of finances at AA, said: "We hope that by offering this rate, the AA will become a clear choice for those with significant sums to save as well as those who perhaps have saved little in the past."

Furthermore, the AA Telephone Savings Account 4 can be opened by an individual or as a joint account and interested is paid annually but calculated daily.

Applications can be made by phoning the AA.

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