Thread: Best 5 Year fixed rate savings, The AA offering 5% interest for 5 years.

Even though BOE base interest rate didn't rise from 0.5% this week we've seen a few new accounts offering higher interest rates such as The AA's: AA Internet 5 Year Fixed Rate Savings Account, which is offering a fixed interest rate of 5% for 5 years, more information here:

Compare Our Savings Accounts : choose the savings account to suit you - The AA

Account name AA Internet 5 Year Fixed Rate Savings Account

Interest rates (AERs) 5.00% AER fixed for five years

Tax status Interest will be paid net after the deduction of income tax (currently 20%) unless you register your account to receive gross interest

Conditions for bonus payment There is no bonus available on this account

Withdrawal arrangements Withdrawals are allowed, subject to the following early access charges on the amount withdrawn. Loss of interest is dependent on the length of term remaining at the time of access:

1 year or less: 90 days loss of gross interest

Up to 2 years: 180 days loss of gross interest

Up to 3 years: 270 days loss of gross interest

Up to 4 years: 320 days loss of gross interest

Up to 5 years: 365 days loss of gross interest


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