One Year Fixed Rate ISA

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Exclusive product for AA members

 

Benefits

  • AA One Year Fixed Rate ISA 2.75% tax free/AER* return at the end of the year or earn a regular monthly income (2.72% tax free/2.75% AER*).
  • Attractive rate – to earn the same net rate on a non ISA fixed rate account the gross** rate would have to be 3.44%.
  • Minimum investment £1 but you can invest up to £3,600 in one tax year. (From 6 October 2009 this will increase to £5,100 for anyone eligible to invest who was born on or before 5 April 1960. This higher limit will apply to all eligible ISA investors with effect from 6 April 2010.)
  • You're completely protected against fluctuations in interest rates for the full term of your account and you know exactly how much your investment will earn.
  • Withdrawals are only allowed by post subject to a loss of interest of 90 days.

Hurry if you want to take advantage of this Fixed Rate ISA – this is a limited issue. Once the limit has been reached, the issue will close.

Call 0845 603 2619 quoting AQ999.

Lines are open Monday to Saturday 8am to 8pm, excluding public holidays.

Useful information

Summary box – Key One Year Fixed Rate ISA information


* AER Annual Equivalent Rate. It illustrates what the interest rate would be if interest rates were paid and compounded once each year.

** Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

Tax free means free from personal liability to income tax.

Rates are correct as at 1 January 2009.

The deposit taker for AA Fixed Rate ISAs 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. Registered in Scotland No. SC327000.

Calls may be monitored and recorded for quality assurance and compliance. Lines are open Monday to Saturday 8am to 8pm. Call charges may apply.

Current and previous Bank of England interest rates can be found at: http://www.bankofengland.co.uk/monetarypolicy/decisions.htm (link opens a new window).