Regular Savings Accounts: The Best Currently Available List!

[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!

schiff

eskbanker wrote: »

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):

Love that bit tough if you've only got serious documents.

Archi_Bald

eskbanker wrote: »

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!

Regular Saver ISAs usually do allow you to deposit your entire ISA allowance for the year, spread out evenly over the months. We'll know on Monday what Ford offer.