Regular Savings Accounts: The Best Currently Available List!

harz99

badger09 wrote: »

Barclays is the clearing bank used by Ford Money.

You're proposing to boycott one of the best Reg Savers around (soon), because oth clearing bank they use?

Yes, it's to do with historical personal losses (CCE) that Barclays had a major hand in.


They will make money from Ford for providing the service so that's that.


Personal choice of course.

molerat

Has anyone found the Ford definition of month ? Important for getting all 12 payments into an ISA this FY.

EachPenny

molerat wrote: »

Has anyone found the Ford definition of month ? Important for getting all 12 payments into an ISA this FY.

Good question! From the links YorkshireBoy kindly posted for the non-ISA version it is quite clear that it is 'anniversary' month. The ISA version just says 'month'.

The key phrase seems to be "You can deposit between £25 and £250 each month, for 12 months from your initial deposit date" (ISA version) which implies it won't be possible to get 12 payments in this FY.

You can transfer in though... but don't get too excited, you are still limited to £250 per month

MDMD

I'm paying into a HTB ISA so the transfer in aspect of the Ford Money ISA is interesting. I've been able to transfer between different Nationwide 'Portfolio' ISAs before without it being classed as a new subscription so wonder if you can do this too? I'm not sure if I can be bothered to set up a £250 ISA transfer every month.

molerat

EachPenny wrote: »

Good question! From the links YorkshireBoy kindly posted for the non-ISA version it is quite clear that it is 'anniversary' month. The ISA version just says 'month'.

The key phrase seems to be "You can deposit between £25 and £250 each month, for 12 months from your initial deposit date" (ISA version) which implies it won't be possible to get 12 payments in this FY.

You can transfer in though... but don't get too excited, you are still limited to £250 per month

I can't see anywhere that makes it clear, that one word difference still does not clarify it. Others do print the meaning of month in their T&Cs.

badger09

karlie88 wrote: »

See you all at midnight then?

I'll bring some midnight snacks. :rotfl:

Thanks for the invite, but I need my beauty sleep and I'm watching my weight;).

I'll leave all you youngsters to crash the website at 00.01 and open mine at a more civilised time:D

Harveys_2

molerat wrote: »

Opened one on 16th and is showing 5%. Did you tick the 123 World box when opening ?

I think I did. But will call up tomorrow.

EachPenny

molerat wrote: »

I can't see anywhere that makes it clear, that one word difference still does not clarify it. Others do print the meaning of month in their T&Cs.

Yes, it isn't clear for the ISA version, but for the non-ISA one it is clear.

For me it is the "12 months from your initial deposit date" phrase which puts the balance of probabilities towards the 12th payment being made on or after 22 April 2017. I hope I'm wrong on that as it would make far more sense for everyone if all the payments can be fitted into one tax year.

Perhaps the final T&C's (assuming they are changed because of the commencement date issue) will clarify the wording better.

isasmurf

EachPenny wrote: »

Yes, it isn't clear for the ISA version, but for the non-ISA one it is clear.

For me it is the "12 months from your initial deposit date" phrase which puts the balance of probabilities towards the 12th payment being made on or after 22 April 2017. I hope I'm wrong on that as it would make far more sense for everyone if all the payments can be fitted into one tax year.

There's an easy way around that. Put the final month's payment into their flexible cash ISA before 6 April and move it to the regular saver on the final payment date. As long as Ford keep the flexible status it shouldn't count as a subscription in 18/19.

stormbreaker

karlie88 wrote: »

Anyone else (a little) excited about the prospect of earning a fixed 4% on up to £500 per month?

Can I be really cheeky and ask what kind of account this is? Please. I am looking for a regular saver account. I has one linked to my TSB current account and haven't renewed it since the initial 5% finished about 8 months ago 🙈