Ford money

chansadog

Hi, I have only just joined this forum so apologises if not submitting right.
Just wondered if anybody has heard of or used Ford Money. They never came up on Martins site when I was looking for best fixed rate deal for 12 months. I have stumbled across them via browsing for best rates, they are offering a 1 year fixed rate Bond with an interest of 1.7 AER.
I'm just after some reassurance before I go ahead. Andy advice will be greatly appreciated.


Regards,
Andy.

worried_jim

One of the World's largest and most famous companies - you'll be fine.

ColdIron

Ford are fine, FSCS protected etc but you can get 1.95% from Metro Bank who are also fine
http://www.thisismoney.co.uk/money/article-1621507/Best-savings-rates-Fixed-rate-accounts.html

badger09

I have 2 regular savers with Ford Money opened when they were offering market leading rates and featured on this forum.

Easy to open and operate. One minor niggle is the number of emails they send regarding 'secure messages', which usually tell me only that my deposit has arrived. Other than that, no complaints.

colsten

worried_jim wrote: »

One of the World's largest and most famous companies - you'll be fine.

Their size and fame is totally meaningless. The only thing that counts is whether they have FSCS protection - which they do, and therefore it is safe to deposit up to £85K with them.

bigadaj

colsten wrote: »

Their size and fame is totally meaningless. The only thing that counts is whether they have FSCS protection - which they do, and therefore it is safe to deposit up to £85K with them.

It's not totally meaningless but it is a secondary factor.

soulsaver

On that note Al Rayan bank offers 1.9% profit for a one year fixed... FSCS covered..:)

Vortigern

badger09 wrote: »

One minor niggle is the number of emails they send regarding 'secure messages', which usually tell me only that my deposit has arrived.

Last month they sent a secure message to say they are no longer sending secure messages to acknowledge each deposit. They said they would send a text instead.

After my most recent deposit, there was no secure message- and no text either.

badger09

Vortigern wrote: »

Last month they sent a secure message to say they are no longer sending secure messages to acknowledge each deposit. They said they would send a text instead.

After my most recent deposit, there was no secure message- and no text either.

:rotfl::rotfl::rotfl::rotfl::rotfl:

Steve_xx

soulsaver wrote: »

On that note Al Rayan bank offers 1.9% profit for a one year fixed... FSCS covered..:)

Note that this is "expected" to earn 1.91% - it is not guaranteed!

mollycat

colsten wrote: »

Their size and fame is totally meaningless. The only thing that counts is whether they have FSCS protection - which they do, and therefore it is safe to deposit up to £85K with them.

100% correct/

Anyone disputing this is simply a "got to get the last word" freak :rotfl: