MSE News: Car giant Ford gears up to launch market-leading regular savings

badger09

EachPenny wrote: »

Ukip if you want to - I'm waiting here till the Ford RS issue 2 is launched.

I'm not sure Ford will be so Liberal with future offerings;)

EachPenny

badger09 wrote: »

I'm not sure Ford will be so Liberal with future offerings;)

Well they'd be Monster Raving Loony if they were.

Eco_Miser

EachPenny wrote: »

If logic were used in any of this then it would make sense for it to be calendar month, that way people would be able to make their 12th deposit before the end of the 2017/18 tax year - whereas if it was the anniversary month the 12th deposit would be in the following tax year unless you go to the trouble of opening a Flexible Cash ISA as well to receive and hold the 12th deposit and then do an ISA Transfer in 2018/19.

One could almost say the drafter of the ISA T&C's deliberately removed the word 'anniversary' for that very reason... but who of us knows for sure.

Given that the T&Cs are dated JUNE 2016, I think it's fairly clear that there was no thought about subscribers just missing the cut-off for financial year 2017-18.

Vortigern

adindas wrote: »

Algorithm will pick up if you put two payments in a month.

Have you tested this algorithm to ensure that it works?

Does it exist?

Does it work as well as the algorithm that should have prevented multiple applications?

EachPenny

Eco_Miser wrote: »

Given that the T&Cs are dated JUNE 2016, I think it's fairly clear that there was no thought about subscribers just missing the cut-off for financial year 2017-18.

Given that there are two versions of the summary box, both with a November 2016 date, but with very different wording, why would we think the June 2016 date has got anything to do with when the T&C's were actually written?

EachPenny

adindas wrote: »

You do not waste time for the thing that will not be benefiting you

So does that mean you've been using your time productively then?

colsten

beefturnmail wrote: »

Has anyone managed to put 2 months payment into the ISA? (i.e. a May payment and a June payment)- the t&c just say 'month', but doesn't make clear if this is calendar or anniversary month.

I don't have the RS ISA, only the normal RS. Opened and fully funded on the 22nd of May. I then SOed another £250 on June 1, which got never added to my RS and was returned to the sending account on June 2. They never bothered sending me a telling-off email or message. I would expect they have the same process in place for the RS ISA.

Shiggaddi

I've just had an e-mail saying that my June deposit is being returned as I exceeded the amount I could invest. Looking at their T&Cs, they just refer to it as a "month" rather than a calendar month, or anniversary of first deposit month. Just came on here and looked at a few comments, and it appears others have come across the same problem.

In addition, my thoughts have also now come to that final payment. If I skip that payment, when it comes to transferring the account, I transfer previous years ISA only, and I'm flexible for my options for next tax year. If I make that final payment of £250, then I lose the ability to open another cash ISA, which is annoying if a similar offering from another company appears.

Speculator

Shiggaddi wrote: »

I've just had an e-mail saying that my June deposit is being returned as I exceeded the amount I could invest. Looking at their T&Cs, they just refer to it as a "month" rather than a calendar month, or anniversary of first deposit month. Just came on here and looked at a few comments, and it appears others have come across the same problem.

In addition, my thoughts have also now come to that final payment. If I skip that payment, when it comes to transferring the account, I transfer previous years ISA only, and I'm flexible for my options for next tax year. If I make that final payment of £250, then I lose the ability to open another cash ISA, which is annoying if a similar offering from another company appears.

Open a Ford Flexible ISA, pay in your 12th payment into this ISA anytime in the current tax year then transfer it to your Regular ISA when the 12th payment is due. Their ISA team confirmed this would be okay.

soulsaver

Speculator wrote: »

Open a Ford Flexible ISA, pay in your 12th payment into this ISA anytime in the current tax year then transfer it to your Regular ISA when the 12th payment is due. Their ISA team confirmed this would be okay.

Done it already... but was about to post the same suggestion. :thumb: