AA (originally The Automobile Association) is a British motoring association founded in 1905. As well as offering insurance and breakdown cover, it has previously offered a range of savings accounts through its partnership with Bank of Ireland, with higher interest rates exclusively for AA Members.
These accounts are no longer available to new customers but the AA is in the process of launching a new range of savings accounts with a new provider.
The AA aims to make switching your savings account to them as easy as possible. That’s why the online application is quick and easy, and in the past, accounts have only needed a minimum deposit of £100.
The AA is currently (January 2025) in the process of launching a new range of savings accounts, so we’ll update this guide again soon.
How do I decide which account is for me?
You need to work out what it is you need from your savings account. Are you looking to put a bit of money away each month? Are you comfortable restricting access to your money in exchange for a higher rate of interest? When will you need the money?
You need to work out what you need before comparing the different offers available for certain types of account. Once you’ve done that, useful guidelines to compare include:
Interest rates
Fees (if there are any)
Access to cash (if you need quick access for instance)
Does AA offer online or mobile banking?
Yes, AA offers online banking.
Here are some of the basic features of AA’s online banking service:
View rates and current balances at anytime
Make transactions at your convenience
AA Savings customer reviews
AA Savings was highly commended in the savings category in the Finder Customer Satisfaction Awards in 2024, with 97% of customers saying they’d recommend the service to a friend. Feedback included praise for its customer service and competitive rates of interest.
One customer commented: “Very easy application process, funds came in quite quickly and staff were always available to help.”
Another customer said: “No issues and straightforward registrations.”
What are the benefits and drawbacks of saving with the AA?
The benefits
Benefits to members. The AA gives extra benefits, such as higher interest rates, to its breakdown cover customers.
The drawbacks
Online only. The AA has no physical branches, so if you prefer face-to-face customer service, you’ll need to look elsewhere.
Our verdict: Is opening a savings account with AA worth it?
You might think that the AA is just to do with cars, but it has also offered a range of savings accounts and ISAs. Take a look at our other reviews first, though, to see how the AA savings accounts weigh up against the competition in terms of rates, fees and perks.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
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Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.
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We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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