Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • MSE Rosie
    • By MSE Rosie 19th May 17, 10:02 AM
    • 63Posts
    • 29Thanks
    MSE Rosie
    MSE News: Car giant Ford gears up to launch market-leading regular savings
    • #1
    • 19th May 17, 10:02 AM
    MSE News: Car giant Ford gears up to launch market-leading regular savings 19th May 17 at 10:02 AM
    New savings provider Ford Money, owned by the US car manufacturer, is turning its focus to regular savings, offering two market-leading accounts paying a fixed 4% AER interest for a year....
    Read the full story:
    'Car giant Ford gears up to launch market-leading regular savings'

    Click reply below to discuss. If you havenít already, join the forum to reply. If you arenít sure how it all works, read our New to Forum? Intro Guide.
Page 2
    • 50Twuncle
    • By 50Twuncle 19th May 17, 4:43 PM
    • 7,848 Posts
    • 1,815 Thanks
    50Twuncle
    You will need consul'ing if it all goes wrong....
    but if you want to check your Zodiac Signs - it could be a Prefect Anglia (Perfect Angle) towards profit ....
    Last edited by 50Twuncle; 19-05-2017 at 4:48 PM.
    • B_G_B
    • By B_G_B 19th May 17, 4:49 PM
    • 388 Posts
    • 395 Thanks
    B_G_B
    Sussed it. Just noticed a bit of a car theme going on here.
    • silverwhistle
    • By silverwhistle 19th May 17, 4:55 PM
    • 1,664 Posts
    • 2,190 Thanks
    silverwhistle
    I reckon quite a few people will transit to these accounts from their existing providers, despite the total amount of interest payable not being enough for a holiday to Cortina.
    Originally posted by jamei305
    Granada would be cheaper.
    • Terry98
    • By Terry98 19th May 17, 4:57 PM
    • 831 Posts
    • 781 Thanks
    Terry98
    Now how much can I afford to save ?
    • Deneb
    • By Deneb 19th May 17, 5:40 PM
    • 241 Posts
    • 179 Thanks
    Deneb
    Just need to get off my RS and open one.
    • Chickereeeee
    • By Chickereeeee 19th May 17, 5:40 PM
    • 422 Posts
    • 262 Thanks
    Chickereeeee
    Sussed it. Just noticed a bit of a car theme going on here.
    Originally posted by B_G_B
    That S-Max of sarcasm.

    Obviously you are a bit of a Maverick, and would prefer to go Freestyle.

    Would you not like to be on the Sierra, with a warm Zephyr in your face, looking up at Orion? Or do you prefer Corsair?
    • EachPenny
    • By EachPenny 19th May 17, 5:55 PM
    • 2,944 Posts
    • 5,379 Thanks
    EachPenny
    I said on the other thread the other day that I wish I could invest in Consuls rather than these tyresome regular savings accounts
    "In the future, everyone will be rich for 15 minutes"
    • Consumerist
    • By Consumerist 22nd May 17, 12:00 AM
    • 4,669 Posts
    • 2,321 Thanks
    Consumerist
    Who's going to want an ISA which lets you put only £3,000 of the £20,000 allowance into it?

    End of year top-up, perhaps?
    Warning: In the kingdom of the blind, the one-eyed man is king.
    • EachPenny
    • By EachPenny 22nd May 17, 12:10 AM
    • 2,944 Posts
    • 5,379 Thanks
    EachPenny
    Who's going to want an ISA which lets you put only £3,000 of the £20,000 allowance into it?
    Originally posted by Consumerist
    This is being discussed elsewhere - Ford have other ISA's and funds can be transferred between them. The top-up funds can go into another Ford cash ISA and then be slid across at the end of the RS term.
    "In the future, everyone will be rich for 15 minutes"
    • Westie983
    • By Westie983 22nd May 17, 4:15 AM
    • 3,842 Posts
    • 14,003 Thanks
    Westie983
    Not showing online yet, or on their front screen but on another thread a link was posted...

    Looks like it works like Santander with the anniversary months, so this will stop you having 13 payments, You can save up to £250 and make multiple deposits in your anniversary month.

    Looks like they use Barclays as a clearing bank as the sort code is 20 XXXX.

    Not much more to share other then, if like myself you have some maturing regular savers and dont know what to do with the money, reinvest it back into a 4% product and drip feed from a 3% (this is my plan)

    Ford Regular Saver,

    Ford Regular Saver Cash ISA

    Westie983
    Last edited by Westie983; 22-05-2017 at 4:20 AM.
    Save 12k in 2017 #16 Total £22,555/£12,000 = 187.95%
    Sealed Pot Challenge ~ 11 #97 Total (£410) + £0.00/£800 = 51.25% ( x 11)
    Xmas 2017 £1 a Day #6 Total £400/£365 = 109.58%
    Virtual Sealed Pot #1 Total £1,600/£1,800 = 88.88%
    £2 Savers Club 2017 #3 Total (£1,450)+£50/£2,000 = 75.00%

    Total £26,465/£16,965 = 155.99%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • bobbly
    • By bobbly 22nd May 17, 10:05 AM
    • 35 Posts
    • 17 Thanks
    bobbly
    The landing page for the Regular Saver is at https://www.fordmoney.co.uk/savings-products/regular-saver

    Did anyone else think the restrictions on the memorable name/place fields were ridiculous?
    • Westie983
    • By Westie983 22nd May 17, 10:31 AM
    • 3,842 Posts
    • 14,003 Thanks
    Westie983
    The landing page for the Regular Saver is at https://www.fordmoney.co.uk/savings-products/regular-saver

    Did anyone else think the restrictions on the memorable name/place fields were ridiculous?
    Originally posted by bobbly
    Yes I had to make my memorable name four characters longer, I don't know many people with a name that has eight characters.

    My memorable place was also tricky I had to double it up.

    Silly really but worth it for 4%

    Westie983
    Save 12k in 2017 #16 Total £22,555/£12,000 = 187.95%
    Sealed Pot Challenge ~ 11 #97 Total (£410) + £0.00/£800 = 51.25% ( x 11)
    Xmas 2017 £1 a Day #6 Total £400/£365 = 109.58%
    Virtual Sealed Pot #1 Total £1,600/£1,800 = 88.88%
    £2 Savers Club 2017 #3 Total (£1,450)+£50/£2,000 = 75.00%

    Total £26,465/£16,965 = 155.99%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • Eco Miser
    • By Eco Miser 22nd May 17, 11:47 AM
    • 3,181 Posts
    • 2,946 Thanks
    Eco Miser
    Failed at the first hurdle: "You must provide a mobile phone number".
    For an online account?
    Yes, I know I'm out of date and 'everyone' has mobile phones these days, but I don't, and don't need one in my everyday life.
    Eco Miser
    Saving money for well over half a century
    • isasmurf
    • By isasmurf 22nd May 17, 11:51 AM
    • 1,718 Posts
    • 738 Thanks
    isasmurf
    Failed at the first hurdle: "You must provide a mobile phone number".
    For an online account?
    Yes, I know I'm out of date and 'everyone' has mobile phones these days, but I don't, and don't need one in my everyday life.
    Originally posted by Eco Miser
    Can't you try putting your landline in, or does it recognise it is an invalid mobile number?
    • Eco Miser
    • By Eco Miser 22nd May 17, 11:56 AM
    • 3,181 Posts
    • 2,946 Thanks
    Eco Miser
    Can't you try putting your landline in, or does it recognise it is an invalid mobile number?
    Originally posted by isasmurf
    I didn't even try applying when I read that a mobile was required. I imagine they'll be texting rather than phoning.
    Eco Miser
    Saving money for well over half a century
    • teddysmum
    • By teddysmum 22nd May 17, 2:04 PM
    • 8,522 Posts
    • 5,051 Thanks
    teddysmum
    Failed at the first hurdle: "You must provide a mobile phone number".
    For an online account?
    Yes, I know I'm out of date and 'everyone' has mobile phones these days, but I don't, and don't need one in my everyday life.
    Originally posted by Eco Miser


    You aren't quite alone.


    I have a mobile, whose number I don't know, which is used about twice a year in case I need to contact someone, while away from home. It's a very old Nokia with no fancy touch screen or internet .


    I call other people on their mobiles, while at home (because they never think of answering the house phone), using the inclusive minutes on the landline, but except for emergencies while out, don't see any reason to use a mobile phone, which I see as an unnecessary expense.
    • Westie983
    • By Westie983 22nd May 17, 4:09 PM
    • 3,842 Posts
    • 14,003 Thanks
    Westie983
    You aren't quite alone.


    I have a mobile, whose number I don't know, which is used about twice a year in case I need to contact someone, while away from home. It's a very old Nokia with no fancy touch screen or internet .

    I call other people on their mobiles, while at home (because they never think of answering the house phone), using the inclusive minutes on the landline, but except for emergencies while out, don't see any reason to use a mobile phone, which I see as an unnecessary expense.
    Originally posted by teddysmum
    Have you tried calling your home phone from your mobile then ringing 1571 to get the mobile number, long way round, but you don't get any text from Ford unless you tick the box that says SMS< I left them all unticked so I don't want any marketing from them.

    Westie983
    Save 12k in 2017 #16 Total £22,555/£12,000 = 187.95%
    Sealed Pot Challenge ~ 11 #97 Total (£410) + £0.00/£800 = 51.25% ( x 11)
    Xmas 2017 £1 a Day #6 Total £400/£365 = 109.58%
    Virtual Sealed Pot #1 Total £1,600/£1,800 = 88.88%
    £2 Savers Club 2017 #3 Total (£1,450)+£50/£2,000 = 75.00%

    Total £26,465/£16,965 = 155.99%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • greenglide
    • By greenglide 22nd May 17, 5:41 PM
    • 2,899 Posts
    • 1,868 Thanks
    greenglide
    I do wonder why Ford have this rule.

    I havent seen anywhere that actually requires a mobile since you can opt out of junk by SMS etc.
    • Consumerist
    • By Consumerist 22nd May 17, 6:24 PM
    • 4,669 Posts
    • 2,321 Thanks
    Consumerist
    Sold Out
    The regular saver link above is now showing as "Sold Out"

    Ford should stick to motor cars. It clearly doesn't understand banking.
    Warning: In the kingdom of the blind, the one-eyed man is king.
    • LXdaddy
    • By LXdaddy 22nd May 17, 9:31 PM
    • 667 Posts
    • 410 Thanks
    LXdaddy
    Did anyone else think the restrictions on the memorable name/place fields were ridiculous?
    Originally posted by bobbly
    Yes - I don't have memorable names that are 8 characters long.

    Also had issues completing the address - having selected from the drop down list for my post code it still demanded another confirmation that the address was valid.

    Not the friendliest of interfaces.

    Still its 4% on £250/month.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,745Posts Today

7,539Users online

Martin's Twitter