Regular Savings Accounts: The Best Currently Available List!

Speculator

bottleandahalf wrote: »

Has everyone been asked to send away proof of ID?

I opened all my accounts without needing to send any ID. My wife on the otherhand needed to send ID, even for the Regular ISA where she provided her NI no.

Also, you can simply send a photocopy of your passport or other documents and does not need to be certified.

Rich2808

B_G_B wrote: »

Regular Saver Cash ISA has joined its mate and is not currently available.

It was fun while it lasted. I doubt we will see them back in their current form.

Their admin systems must be overloaded!

DragonQ

bottleandahalf wrote: »

Has everyone been asked to send away proof of ID?

I was. At least it's freepost and they accept basic photocopies, although I don't see why you can't just email it when that's the case.

castle96

Got 3 xISA and 3 x RS. One of each has a SO set up for the year, all are funded with £250.
Think I may wait until 23/6 and fund that payment x 4 manually, ie wait and see how it goes before setting up the other 4 SOs. Just a bit tired of setting up SOs !

EachPenny

trickydicky14 wrote: »

How long does it take to move money from nominated 'external' account to flex saver?
I have looked for answer but could not find it.

Yes, as adindas says it appears to be next working day, although some payments may have been delayed a bit by the rush on Monday. Ford do some kind of allocation process (possibly manually :eek:) to get the money from their holding account into your personal account - so even 'next working day' doesn't necessarily mean first thing.

EachPenny

bottleandahalf wrote: »

Has everyone been asked to send away proof of ID?

No. At least not yet...

Perhaps they might ask for one set of ID documents to be sent for each sepatate account opened

adindas

I wonder if anyone have opened 20+ of them (say?)
If so how many accounts did you manage to open without difficulties.
If this forum is not suitable pm will be very much appreciated.

Thanks

spikyone

Quick question on the Ford RS ISA - what do they count as a month? Is it a calendar month or a month anniversary from your initial deposit? Just checking for setting up the regular payment, couldn't see it in the Ts & Cs (but I might have just missed that bit!)

adindas

EachPenny wrote: »

Maybe that's what Ford meant about customers opening excessive numbers of accounts?

Ten accounts is ok, 400 is too much.

Ed-1 wrote: »

Except they couldn't as they'd have less than a year at 4% on some of the money if they still had to drip feed it in to each account. They'd get 4% on the lump sum from day one by spreading the lot over 400 accounts.

EachPenny wrote: »

Well as the T&C's don't actually say you cannot have more than one account then I guess the 'middle' position is no better or worse than having one, or 400.

On a slightly more serious note, I stopped clicking on 'Apply Now' when I felt the number of accounts met my 'reasonable' needs. 'Reasonable' has been a friend of mine on many occasions. Although I'm sure I wouldn't have to, if I had to make a complaint to the ombudsman I would feel happier being able to show the number of accounts I opened were for my reasonable needs.

Opening a very large number of accounts, each of which will only ever have the initial deposit of £25 in them, might be considered unreasonable. (because Ford would have to bear the costs of administering a large number of accounts and the customer could achieve the same benefit by having fewer accounts, each funded to the maximum)

But opening 400 accounts because you want to transfer in £100k sounds very reasonable to me

I wonder if anyone have opened 30+ of them (say?)
If so how many accounts did you manage to open without difficulties.
If this forum is not suitable pm will be very much appreciated.

Thanks

Steve_xx

spikyone wrote: »

Quick question on the Ford RS ISA - what do they count as a month? Is it a calendar month or a month anniversary from your initial deposit? Just checking for setting up the regular payment, couldn't see it in the Ts & Cs (but I might have just missed that bit!)

Neither. It's the month from opening the account. So, open one today and the month runs from 24 May to 23 June, regardless of when you decide to fund it.