Thread: Instant Access ISA, best interest rate, The AA, Internet Access ISA (Issue 2).

This week we see a rise in the highest interest rate for an Instant Access Cash ISA, the best interest rate has now risen to 3.05% thanks to The AA and their new account: Internet Access ISA (Issue 2). For more information check:

Access Cash ISA : Access ISA, Earn 3.05% AER - The AA

To open an AA Internet Access ISA (Issue 2) you must be 18 or over. 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'.

• Rate includes a fixed bonus of 1.35% tax free for 12 months.
• Invest any sum from £500 up to £5,340 in this tax year.
• Unlimited access to your money with no notice withdrawals; if you have used your tax-free cash ISA allowance, then you cannot repay withdrawals back into the ISA until the following tax year, and then only within that tax year's ISA allowance.
• Interest is variable and calculated daily. Yearly interest available only.
• Manage and keep track of your account online.
• Transfers from other cash ISAs are not allowed.

Attractive rates

First year of 3.05% tax free/AER variable.
After 12 months 1.70% tax free/AER variable.


Things you need to know

• Key features – please ensure you read the summary box, account conditions, and the questions sections for full details of the AA Access ISA (Issue 2).
• If you open a cash ISA and subsequently transfer it into a stocks and shares ISA, you can still invest any remaining allowance in a cash ISA during the current tax year as long as the total investment limits are not exceeded.
• The favourable tax treatment for ISAs depends on your individual circumstances and may vary in the future.
• You cannot subscribe to more than one cash ISA in the same tax year, or apply for an ISA in joint names.
• If you close your AA Access ISA (Issue 2) within 14 days, you can still open another cash ISA within the same tax year.
• Money paid by cheque receives interest from the day after it is cleared. Interest can be paid to your ISA, to another AA Savings account you hold with us, or paid to another UK bank or building society.