A new savings account has been launched that promises customers a 6.3 per cent rate of interest .
Customers will be able to take advantage of the new account from AA Savings online, with a minimum £500 deposit required.
Managing director of AA Financial Services Mark Huggins comments that savings account should concern savers who feel disheartened with poor rates of interest that other institutes may be providing.
"At a time when there is concern about financial stability in some institutions, the AA is offering a secure, well-managed savings account," he remarks.
According to Mr Huggins, moving accounts "has never been easier" and consumers have a growing confidence in financial web transactions.
The group claims that customers will be able to track their transactions online and the service is fully secure.
In related news, Abbey Savings founds Brits are thinking about switching £57 billion worth of savings to take advantage of high interest rates .
Reza Attar-Zadeh of the firm warned that the advantageous position savers are currently in may not last.
AA online savings account launched
AA online savings account launched
Thu, 27 Sep 2007
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