Regular Savings Accounts: The Best Currently Available List!

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.

Rich2808

Speculator wrote: »

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

I have already opened the Nottingham BS regular saver isa paying 2.25% - so I won't be eligible for the Ford one. That allows £2,400 in month 1 and £1600 per month there after.

You would assume Ford would allow higher than £250 a month for their regular savings ISA as the most you would be able to save otherwise is £2750 compared to the £20k ISA allowance.

But the 4% standard offering sounds a good bet anyway.

Come Mondeo we will have to stay Focused and Explorer our Ford options amongst their Galaxy of savings offerings. And then come interest payment day a Fiesta may be in order.

schiff

Rich2808 wrote: »

Come Mondeo we will have to stay Focused and Explorer our Ford options amongst their Galaxy of savings offerings. And then come interest payment day a Fiesta may be in order.

Until Monday we're all in transit

schiff

Rich2808 wrote: »

I have already opened the Nottingham BS regular saver isa paying 2.25% - so I won't be eligible for the Ford one.

Why? I'm afraid that passes me by.

Rich2808

schiff wrote: »

Why? I'm afraid that passes me by.

You can't invest in more than one cash isa a year is why - and if the Ford isa regular saver account only allows £250 a month it isn't worth my while as I cannot maximise my £20k allowance.

I would also lose six months interest if I transferred out the £4k I have already invested with the Nottingham - and its unlikely Ford would accept a transfer in on a regular saver (and I assume they aren't a split isa provider either).

Still up for the non isa product !

isasmurf

Rich2808 wrote: »

You would assume Ford would allow higher than £250 a month for their regular savings ISA as the most you would be able to save otherwise is £2750 compared to the £20k ISA allowance.

Ford allow you to share your allowance across all their Cash ISAs, so you can still use all your allowance.

schiff

Rich2808 wrote: »

You can't invest in more than one cash isa a year is why - and if the Ford isa regular saver account only allows £250 a month it isn't worth my while as I cannot maximise my £20k allowance.

Missed the ISA reference

eskbanker

Archi_Bald wrote: »

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.

Fair point - I was looking at it from the perspective of the interest rate being closer to the heavily-capped standard regular savers than cash ISA rates but as you say there is a strong argument that a (non-HTB) cash ISA should be able to accommodate a year's allowance. Anyway, let's see what Monday brings....

EachPenny

schiff wrote: »

Until Monday we're all in transit

Cor, Tina. If you're listening you should get this new account

Ok, the joke has got a bit thin