The Top Easy Access Savings Discussion Area

mebu60

Family Premium Savers 1-6 increasing to 1.8% from 26:09.

None is available to new money, can't see they're planning to offer a Premium Saver 7, but they may well do on Monday.

Also, you can't add funds to existing Premium Saver accounts (if you've been running them down to take advantage of better rates elsewhere!). 

Kazza242

Kazza242 said:

According to Moneyfacts, the Ford Money Flexible Saver rate is increasing to 1.95%.  

https://www.fordmoney.co.uk/

The 1.95% rate is now reflected on the Ford Money website.

alternate

I have real world experience of why the high street can keep their rates low.

A family friend solicited advice from me about where to put their life savings.  I pointed them to the best rates list.  Said thanks but they dont trust "internet banks".  Ended up making an appointment at Barclays with one of their "ad visors".  They will end up getting buttons.

Nick_C

For anyone else considering opening an account with Ford Money.

Deposits must be made (normally by faster payment, no debit cards) from a single linked current account with a UK bank or building society.  

Deposits made before 4pm are credited same day.  After 4pm, next day.

Withdrawals made before 2pm will reach your linked account on the next business day.  After 2pm, the following business day.

https://www.fordmoney.co.uk/help/managing-your-account/moving-money

Freedommm

Why would you deposit funds into any of them now? Wait until the imminent rate hike of 0.75% is effective, then pick the best account reflecting the latest interest official rate, which is about to reach 2.5%

Sg28

Freedommm said:

Why would you deposit funds into any of them now? Wait until the imminent rate hike of 0.75% is effective, then pick the best account reflecting the latest interest official rate, which is about to reach 2.5%

Ill be waiting another 2 weeks. See where things settle.

Speculator

Nick_C said:

For anyone else considering opening an account with Ford Money.

Deposits must be made (normally by faster payment, no debit cards) from a single linked current account with a UK bank or building society.  

Deposits made before 4pm are credited same day.  After 4pm, next day.

Withdrawals made before 2pm will reach your linked account on the next business day.  After 2pm, the following business day.

https://www.fordmoney.co.uk/help/managing-your-account/moving-money

Also texts confirming deposits are sent out at  16:06 to 16:08 each day.

Thumbs_Up

Can the banks network servers handle the to-and-fro of peoples cash that gets taken from one bank and added to another? I guess so.

Personal opinion but I won’t get to excited until savings rates are 5%

 

refluxer

Thumbs_Up said:

Can the banks network servers handle the to-and-fro of peoples cash that gets taken from one bank and added to another? I guess so.

It's very easy to get a distorted view of savers and their habits when you hang out in this forum. AFAIK, the majority of my friends and family don't move money around anywhere near as often as the typical Savings and Investment forumite - I suspect we're in the minority !

Thumbs_Up

refluxer said:

Thumbs_Up said:

Can the banks network servers handle the to-and-fro of peoples cash that gets taken from one bank and added to another? I guess so.

It's very easy to get a distorted view of savers and their habits when you hang out in this forum. AFAIK, the majority of my friends and family don't move money around anywhere near as often as the typical Savings and Investment forumite - I suspect we're in the minority !

Regarding bank savings I thought the word apathy was old fashion and dated. Apparently not, I have 2 siblings with cash savings over £150k each on 0.1% rates, they do not and will not listen to me. I have given up with them.