Regular Savings Accounts: The Best Currently Available List!

castle96

So they wont accept a SO each month ? ie you have to do a FP each month ? Yes ?

[Deleted User]

eskbanker wrote: »

No idea what your second line is all about (some sort of joke going way over my head perhaps) but if your first line was intended in a non-facetious way then no, deposits and withdrawals to/from their existing savings accounts are by faster payments rather than direct debits so it would be unlikely they'd introduce DDs for these ones.

Okay. The only experience I have of a regular saver with a company that I don't have an account with is the Post Office and they do accept Direct Debits. I bow to your superior knowledge regarding Ford.

May 22nd it is then, 4%. Better than these Virgin savers you all keep banging on about.

[Deleted User]

castle96 wrote: »

So they wont accept a SO each month ? ie you have to do a FP each month ? Yes ?

No. I'm pretty sure they'll accept a standing order, it's you that initiates that so I don't see how they could refuse it.

badger09

castle96 wrote: »

So they wont accept a SO each month ? ie you have to do a FP each month ? Yes ?

The accounts don't launch until 22 May. No one knows what payment method/s they will accept:cool:

Though it is likely they will follow the same pattern as their other accounts.

eskbanker

castle96 wrote: »

So they wont accept a SO each month ? ie you have to do a FP each month ? Yes ?

No, looks like SOs are fine too (assuming the new products are going to accept the same funding options as the existing ones) - see https://www.fordmoney.co.uk/content/dam/fmny/uk/documents/General-Customer-Terms.pdf (which can be overlaid with product-specific terms):

You can make deposits into your Ford Money savings account from your Nominated Account via BACS, CHAPS, Faster Payments or Standing Order. We don’t accept cash or cheque deposits.

Speculator

I hope the Ford Regular ISA saver will allow people to deposit £1385 per month (£15240/11) and not just £250 pm.

Sea_Shell

Good news!! Put us down for 2! (Standard - not ISA)

eskbanker

Speculator wrote: »

I hope the Ford Regular ISA saver will allow people to deposit £1385 per month (£15240/11) and not just £250 pm.

Time will tell once it's properly launched but that quoted This Is Money piece implies £250 (and for once I think I'd be inclined to believe Daily Mail figures!).

In any event there is no significance to £15,240 this year, the current ISA allowance is a round £20K....

Speculator

eskbanker wrote: »

Time will tell once it's properly launched but that quoted This Is Money piece implies £250 (and for once I think I'd be inclined to believe Daily Mail figures!).

In any event there is no significance to £15,240 this year, the current ISA allowance is a round £20K....

The second sentence in the article starts with "The account " and not "accounts" so I am hoping the £250 pm refers to the Regular Saver only.

eskbanker

Speculator wrote: »

The second sentence in the article starts with "The account " and not "accounts" so I am hoping the £300 pm refers to the Regular Saver only.

I'm sure we'd all hope for a regular saver that accepts four-figure monthly deposits but whether we'd consider it likely or realistic is another matter!