Fixed-rate Savings Accounts
Account benefits
- Get a fixed rate of interest on your savings, so you know exactly how much your money will earn for the term of the account.
- With our Fixed Rate Savings Accounts you'll receive your interest yearly on the anniversary of the first deposit.
- Save from £1 up to £5 million in your savings account per customer.
- Withdrawals are not allowed with our 1 Year Fixed Rate Savings Accounts. With our 2 and 5 Year Fixed Rate Savings accounts, withdrawals are allowed by post, subject to a charge that is equivalent to between 90 and 365 days gross interest on the amount withdrawn, depending on the remaining term of the account. The charge will be taken from the account balance and depending on when the withdrawal is made, this may result in you getting back less than you originally deposited. Please refer to the specific account conditions.
Interest rates for postal accounts
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Interest rates for Internet accounts
Rates correct at 8 December 2011
Download a brochure
Fixed Rate Savings Account brochure. To view the pdf file you'll need Adobe Acrobat.
Things you need to know
- To take full advantage of the offer, your initial deposit should be for the full amount you'd like to save. Additional deposits will only be allowed while the issue remains open.
- Interest is calculated daily and credited to the account yearly on the anniversary date of the first deposit.
- Interest can be paid back to this account, an AA Savings Account or a nominated account of your choice if you choose a term of two years or more. Interest payments to non AA savings accounts will reach that other account by the end of the next bank working day. For the 1 Year Fixed Rate Savings Accounts, interest must be paid back into this account.
Useful information
Our summary of accounts lets you compare and choose which of our accounts is most suited for you and your circumstances.
Other products & services
Related information
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year.
Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. .
Net rate is the contractual rate of interest payable after the deduction of income tax at the rate specified by law (currently 20%). If we deduct more tax than you have to pay this can be reclaimed from HM Revenue and Customs.
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. Registered in Scotland No. SC327000.
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