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Regular Savings Accounts: The Best Currently Available List!

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Comments

  • Ed-1
    Ed-1 Posts: 3,992 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    EachPenny wrote: »
    It is a strange one - maybe they originally planned on launching the account then and moved it forward?

    Looking at the non-ISA version it will be an issue based account... does that mean we can look forward to a Virgin style holding one of each issue - I cannot see anything saying it won't be allowed.

    I can only see a reference to paying money in by SO... nothing about faster payments or transfers from other Ford Money accounts - hopefully just an oversight.

    Minimum monthly pay-in of £25, but no penalty if you pay nothing in... that's another strange one.

    I can't see anything about it being 1 per issue as well.

    Also it says max balance is £3,000 so is it an account month rather than calendar month for contributions? So no moving the standing order to 1st of each month.
  • B_G_B
    B_G_B Posts: 502 Forumite
    Westie983 wrote: »
    I hope its isnt too important as my reference and my surname is too long for the 13 characters my bank will allow, so I have missed of the last letter of my surname
    EachPenny wrote: »
    That was one of my concerns, although my surname isn't that long. It just seems to pose an additional risk of monies being returned due to 'errors' detected by the automated systems. Lets hope not :)
    I sent £1 with just ref no,then realized should put surname as well so sent another £1 with ref no and surname ( with a space between ?? ) .Neither have appeared yet in the saver,but maybe Monday.
    Assume you just send to account no and sort code after this first deposit ?

    My initial deposit was made to the Ford Money account (Barclays) using my application number as the reference. This is what the online screen said at end of account application. Payment credited the following morning.

    Received some bumph through the post today which said any further payments should use account number + surname as reference. Didn’t really want to set up another new payee from current account. Just trying to keep things tidy. Phoned helpline and adviser said use account number + first three letters of surname. I have sent a new payment with these details which I would expect to be credited on Monday.
  • EachPenny
    EachPenny Posts: 12,239 Forumite
    10,000 Posts Combo Breaker
    Ed-1 wrote: »
    Also it says max balance is £3,000 so is it an account month rather than calendar month for contributions?

    It says 'anniversary' month, so no shifting of the payment to earlier in the calendar month :(
    "In the future, everyone will be rich for 15 minutes"
  • Sea_Shell
    Sea_Shell Posts: 10,077 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Have these Ford accounts been widely advertised in the mainstream? Didn't Tesco only have a problem once they'd been on Martins TV show. I doubt (hope) that too many people, other than us on here, know about the launch on Monday.

    Fingers crossed their IT can cope!?
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • molerat
    molerat Posts: 35,003 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sea_Shell wrote: »
    Have these Ford accounts been widely advertised in the mainstream? Didn't Tesco only have a problem once they'd been on Martins TV show. I doubt (hope) that too many people, other than us on here, know about the launch on Monday.

    Fingers crossed their IT can cope!?
    Mentioned in just about every financial page and HUKD as well as here so I expect them to have a few web problems tomorrow.

    Hopefully we will be opening 2 of each.
  • Harveys_2
    Harveys_2 Posts: 217 Forumite
    hi all, I have a couple of Santander 123 current accounts and just opened a regular saver just now but it's only showing 2.5%. My last one was 5%...I thought this would be the same. Am I incorrect? Any help would be appreciated.
  • EachPenny
    EachPenny Posts: 12,239 Forumite
    10,000 Posts Combo Breaker
    Harveys wrote: »
    hi all, I have a couple of Santander 123 current accounts and just opened a regular saver just now but it's only showing 2.5%. My last one was 5%...I thought this would be the same. Am I incorrect? Any help would be appreciated.

    I have a feeling it defaults to 2.5% until the system has verified you are a 123 world customer and then it updates to 5%. At least that is what it appeared to do when I applied for one. Maybe leave things for a day or two and check again?
    "In the future, everyone will be rich for 15 minutes"
  • Nationwide8
    Nationwide8 Posts: 362 Forumite
    Hung up my suit!
    Harveys wrote: »
    hi all, I have a couple of Santander 123 current accounts and just opened a regular saver just now but it's only showing 2.5%. My last one was 5%...I thought this would be the same. Am I incorrect? Any help would be appreciated.

    This happened to me and I ended up ringing them for it to be corrected.
    You can try Secure message but they take 2-3 days to answer and usually just refer to someone else and don't sort it as quickly as by phone.
  • badger09
    badger09 Posts: 11,682 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Thinking about a little queue jumping:p

    Browser/website issues reported here

    https://forums.moneysavingexpert.com/discussion/5652962

    Can anyone say whether they have successfully opened & funded Ford Money account recently using Chrome?
  • Harveys_2
    Harveys_2 Posts: 217 Forumite
    edited 21 May 2017 at 10:47AM
    Thank you Eachpenny and Nationwide8 !

    Badger I opened a flexible saver using chrome last night. I got my customer ID this morning.

    I have logged into the account using safari and chrome without any issue this morning.

    I called them this morning for a query...they are super friendly!

    Contact on 0345 266 1231
    email at help@fordmoney.co.uk
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