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Hi ,

Your Easy Saver Issue 18

Normally when the bonus on your Easy Saver account is coming to an end we notify you by email. Unfortunately, due to an error, we did not tell you that your bonus was coming to an end on .  As a result you may not have received all the information you needed to decide what to do with your Easy Saver Issue 18.

Your bonus interest rate came to an end on .

Your account had been earning an introductory bonus of 0.24% gross^. This bonus came to an end on and from that date your interest rate of 0.29% gross^/AER** reduced to our standard rate of 0.05% gross^/AER** variable. On the 05/05/2022, we increased your underlying rate to 0.10% gross^/AER**.

We’re very sorry for this error and would like to apologise for any inconvenience this may have caused.

To make sure there is no financial impact because of the delay in sending this information to you, we have applied an interest adjustment to your account of £. It is equivalent to the amount of bonus interest you would have earned from your maturity date, , until 22/07/2022.  This includes a 14 day notice period from the date of this email so you can consider your options before the standard interest rate is applied.

 

Your choices

Switch to a new AA Savings account. We have a range of products available for you.

Do nothing and you'll remain in your Easy Saver with a rate of 0.10% gross^/AER** variable.

Check the market and see what other products are available to suit your needs. We want to be open and honest about your options.

Whether you decide to open a new account or want further details on the options available, we're here to help. To find out more, visit: theaa.com/savings-accounts

Once again, we apologise for any inconvenience this has caused. If you have any questions about this letter or your bonus maturity, please give us a call on 0345 266 0001* and we will be happy to help.


 

Thank you for choosing to save with the AA.

 

On behalf of your Savings Team.

 

 
 
 
 
 

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**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid and compounded once each year.

^Gross rates are paid without deduction of income tax. Rates correct as of the date of this letter.

*If you have any questions please call us on 0345 266 0001. Calls cost no more than calls to geographic numbers (01 or 02). Calls from landlines and mobiles are included in free call packages. Calls may be monitored for training and compliance purposes. Our lines are open from Monday to Friday 9am to 7pm, Saturday 9am to 2pm.

AA Savings accounts are provided by Bank of Ireland (UK) plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 512956. You can check this on the Financial Services Register by visiting the website https://register.fca.org.uk/.Registered in England & Wales (No. 07022885), Bow Bells House, 1 Bread Street, London, EC4M 9BE. Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc
AA Financial Services Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: Fanum House, Basing View, Basingstoke, Hampshire RG21 4EA. Registered in England and Wales (912211).