Internet Access ISA (Issue 2)

Access Cash ISA 3.35% AER* variable. Apply online now.An excellent rate of interest. Apply online now for an Access Cash ISA with the AA

To open an AA Internet Access ISA (Issue 2) you must be 18 or over. You must link your account to another bank or building society account (which must accept direct debits, faster payments and be in your name) to transfer money effortlessly to and from your account. This will be your 'linked account'.

  • Rate includes a fixed bonus of 1.35% for 12 months.
  • Save any sum from £500 up to £5,340 in this tax year.
  • Unlimited access to your money with no notice withdrawals; if you have used your tax-free cash ISA allowance, then you cannot repay withdrawals back into the ISA until the following tax year, and then only within that tax year's ISA allowance.
  • Interest is variable and calculated daily. Yearly interest available only.
  • Manage and keep track of your account online.
  • Transfers from other cash ISAs are not allowed.

Useful information

Summary box
Information about the AA Internet Access ISA (Issue 2)

Attractive rates

First year of 3.05% tax free/AER variable.
After 12 months 1.70% tax free/AER variable.

Rates correct at 25 July 2011

Things you need to know

  • You can save in an AA Internet Access ISA provided you're 18 or over and resident and ordinarily resident in the UK for tax purposes. You can't subscribe to more than one cash ISA in the same tax year. An ISA cannot be applied for in joint names.
  • Key features – please ensure you read the summary box, account conditions, and the questions sections for full details of the AA Internet Access ISA (Issue 2).
  • If you open a cash ISA and subsequently transfer it into a stocks and shares ISA, you can still save any remaining allowance in a cash ISA during the current tax year as long as the total investment limits are not exceeded.
  • Remember, tax treatment depends on your individual circumstances and may change.
  • You cannot pay into more than one cash ISA in the same tax year, or apply for an ISA in joint names.
  • If you close your AA Internet Access ISA (Issue 2) within 14 days, you can still open another cash ISA within the same tax year.
  • Money paid by cheque receives interest from the day after it is cleared. Interest can be paid to your ISA, to another AA savings account you hold with us, or paid to another UK bank or building society. Interest payments to non AA savings accounts will reach that other account by the end of the next bank working day.
 

AER stands for Annual Equivalent Rate, and illustrates what the interest rate would be if interest was paid and compounded once each year.

Tax free is the contractual rate of interest payable where interest is exempt from income tax.

The deposit taker for the AA Internet Access ISA (Issue 2) 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 Register and its Register Number is 169628. Registered office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland No. SC327000.

Find out more about current and previous Bank of England interest rates.

For more information about AA Access ISAs, call our AA Savings Team on 0845 603 6302. Lines are open Monday to Saturday 8am to 8pm. Calls may be monitored and recorded for security and training purposes.