AA Savings has launched a new AA Telephone Access Savings Account, which will match its Internet Access Account, and offer an interest rate of 6.30% gross/AER.

The account can be opened with anything from GBP500 to GBP500,000. The account has no introductory bonus and unlimited withdrawals and deposits can be made without penalty.

Interest is calculated daily and credited annually or monthly either to the savings account or taken as income, using a linked personal bank account. All transactions on the account are made by telephone. The AA Telephone Access Savings Account can be opened in sole or joint names. Customers can open more than one account.

Mark Huggins, managing director of AA Financial Services, said: Not everyone is happy to make financial transactions over the internet and this new account provides a top interest-paying option for those preferring to use the telephone to manage their financial affairs.

This is a secure, well-managed account from one of Britain’s most trusted brands. It’s very easy to manage and is completely transparent. It’s also easy to operate, as well as offering one of the best easy-access rates available.