AA Savings have increased the rate attached to its Extra easy-access internet savings account from 2.60 per cent gross pa/AER to 3.20 per cent gross pa/AER from Thursday 8th December.
The increase applies to both new and existing savers who subscribed to issue 5 of the account. Interest is calculated daily and paid on the anniversary of the first deposit.
There are no minimum limits on how much an individual can save which means in the current financial climate with disposable income levels for any purpose low for most people savers can benefit from the increased rates whatever their level of savings.
Mark Huggins, director of AA Financial Services, says: “This is good news and places the Internet Extra account amongst the most competitive easy-access accounts.
“I recognise that most people are concerned that their money isn’t going as far as it used to but saving is vital – whether it’s just putting just £5 away, or £500: everyone can benefit from the improved interest rate.”
He says that savers will be able to move their money into another AA account once the bonus period has ended.
Compare savings accounts to find the rates and features that you need.
Twitter: My Finances
Join the conversation at #news_myfinances