Telephone Access Plus Account (Issue 1)
Apply by phone
Call us on:
0845 603 6302
Telephone Access Plus Account benefits
- Enjoy an excellent rate of interest.
- Invest from £500 to £500,000 (£1 million for joint accounts).
- Earn either an annual rate of 5.75% gross / 5.73% AER* or a regular monthly income (5.57% gross / 5.61% AER*). Rates include a 6-month bonus of 0.20% gross*.
- Benefit from secure password protection.
- Choose a joint savings account or single savings account option.
- Make additional deposits.#
- Interest is calculated daily and credited to the account annually on the anniversary date of the first deposit, or on the first day of each month for the monthly interest option.
Things you need to know
- Rates are effective from 1 May 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'.
- Interest can be paid back to your Telephone Access Plus Account or to your nominated Linked Account.
- Rates are variable.
- We'll send you an annual statement to help you stay up to date.
- Call the AA Savings Team on 0845 603 6302 for help with your account.
Download a brochure
Telephone Access Plus Account brochure
To view the pdf file you'll need 
Other products & services
* 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. Gross is the contractual rate of interest payable before the deduction of income tax as specified by law.
Current and previous Bank of England interest rates can be found at:
http://www.bankofengland.co.uk/monetarypolicy/decisions.htm
# Subject to £500,000 (single) or £1 million (joint) limits.
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.