This comparison simply includes all savings accounts.
AA Savings Accounts
Why we like it: SPECIAL OFFER - Get £150 if you switch from another bank with Current Account Switcher Service until 5pm on 07/04/22. Terms & Conditions apply. Fee Free Account. An everyday current account. Great money management tools with our mobile banking app. ‘Criteria Apply’. Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply. Arranged overdraft available (subject to eligibility). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable. To apply you need to be 18+ and a UK resident. No monthly fee. For Switcher offer pay in at least £1250 and log into mobile banking by 12/05/22. Online only and account and app eligibility criteria apply
Why we like it: SPECIAL OFFER - Get £150 if you switch from another bank with Current Account Switcher Service until 5pm on 07/04/22. Terms & Conditions apply. Earn £4 a month back in Rewards by making a minimum of 2 direct debit payments of at least £2 each, or earn £1 a month in rewards with 1 mobile app login. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. £2 monthly fee. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable. To apply you need to be 18+ and a UK resident. No monthly fee. For Switcher offer pay in at least £1250 and log into mobile banking by 12/05/22. Online only and account and app eligibility criteria apply
Why we like it: SPECIAL OFFER – £140 when you switch to Santander Everyday Current Account. T&Cs apply. No minimum monthly funding or monthly fee to maintain the account. Earn up to 15% cashback with Retailer Offers. Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. Must be 18 or older and live in the UK permanently. 39.94% EAR overdraft charge. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000. £140 cashback when you complete a full switch to a Santander Everyday Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.
Why we like it: Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2021. Must be UK resident and be aged 18 or older. Unlimited withdrawals subject to 120 days notice
Why we like it: SPECIAL OFFER - £130 for SWITCHING to a First Direct 1st Account. Access to Regular Saver Account paying 1.00% AER/Gross fixed for 12 months if saving between £25 and £300 a month (up to £3,600 per year). £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. Mobile banking app. UK based contact centre. To qualify, switch using the Current Account Switch Service, deposit £1000 within 3 months of account opening. New customers only that have not opened a HSBC account on or after 1 Jan 2018
Why we like it: SPECIAL OFFER – £140 cashback when you switch to a Santander 1|2|3 Current Account. T&Cs apply. Earn 0.30% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% cashback on household bills - 1% on council tax bills, Mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills. Monthly fee of £4. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000. £140 cashback when you complete a full switch to a Santander 1|2|3 Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.
Why we like it: SPECIAL OFFER – £140 cashback when you switch to a Santander 1|2|3 Lite Current Account. T&Cs apply. Up to 3% cashback on selected household bills, capped at £5 for each cashback tier each month. Earn up to 15% cashback with Retailer Offers. Easy to manage online or on mobile app. Get access to a range of 123 offers. Arranged Overdraft facility (subject to status) - 39.94% APR / EAR (variable). Must be 18 or older and UK resident. Customers must pay a minimum of £500 into account each month, have 2 active Direct Debits, log onto Online or Mobile Banking at least once every 3 months. Must not currently hold 2 Reward accounts. £2 monthly fee. £140 cashback when you complete a full switch to a Santander 1|2|3 Lite Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.
Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes. Send money abroad: Fast and secure money transfers to bank accounts in 38 countries worldwide. No fees when you pay with your card abroad or withdraw money. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. 3 month interest holiday on the first £500 of an arranged overdraft. Voted best British Bank and Best Current Account 2018 - 2021 at the British Bank Awards. Awarded 5 stars by Defaqto. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: Market Leading 1 Year Fixed Rate Bond. Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted. Can’t have held an Investec Online Flexi Saver or Fixed Rate Saver in the last 12 months
Why we like it: Register for a free Raisin UK Account to apply for product and receive a £50 cash bonus (terms apply). Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older
Compare AA savings accounts
Finding the right savings account can affect how quickly your savings grow. Of course, the savings account that works for you will depend on the amount of savings you have, how long you are prepared to put your savings away for and the amount of interest you are looking to receive.
To find the best savings account for your set of circumstances, you should review the accounts available through the AA below.
A number of high street banks have recently increased their current account interest rates to encourage more customers to switch accounts.
It should be noted that high interest current accounts often have a ceiling over which they will not pay interest. Therefore, for smaller amounts of money a current account could be a good option.
Bear in mind, if you have a substantial amount of savings, you are better off moving anything over the interest-paying limit to a different savings account.
AA do not provide a current account.
Instant Access Savings Accounts
AA currently offer two savings accounts with instant access: the Easy Saver account and the Member Saver account.
The Easy Saver account offers competitive interest whilst giving you the flexibility to withdraw your savings at any time. It should be noted that the interest reverts to an underlying rate after the first year.
The Member Saver account provides a slightly higher rate than the Easy Saver account, however it is exclusively available to AA members.
If you have a substantial amount of savings and you are looking to benefit from £20,000 tax-free interest ISA allowance, you could explore the AA ISAs.
The Easy Access ISA from the AA offers the ability to withdraw from your savings and earn tax-free interest, in exchange for a lower interest rate than their other products.
AA also offer 1 or 2 year Fixed Rate ISAs, which offer their highest rate of interest. However, the Fixed Rate ISAs prohibit you from making any withdrawals. Therefore, you should only consider the AA’s fixed rate product if you are confident that you will not need your savings for the duration of the term.
