Increasing numbers of people are saving money in the AA fixed-rate savings account, the savings provider has found.
AA Personal Finance believes that those who would like to start saving money beyond their £3,000 mini cash individual savings account (ISA) allowance are finding the AA fixed-rate savings account a lucrative option.
"The post-Christmas period is a good time to start saving, especially if you've already used your ISA tax-free allowance," says the general manager of AA Personal Finance, Lloyd East.
"A fixed rate account provides performance certainty - so it could offer a welcome boost to your cash flow for the 2007 new year."
Mr East says the savings provider has experienced an "influx of investment" in its one-year fixed-rate savings account, which currently pays a savings interest rate of 4.88 per cent.
Those wishing to start saving money in the one-year fixed-rate savings account need to invest between £500 and £5 million.
Interest can be taken monthly or yearly and savings account holders will get the option to open a new savings account at the end of the one-year term.
Savings provider reports influx of savers
Savings provider reports influx of savers
Wed, 01 Feb 2006
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