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Ford Money Flexible Saver - Withdrawn
cloud_dog
Posts: 6,368 Forumite
As per the title really. Has been withdrawn today.
Personal Responsibility - Sad but True 
Sometimes.... I am like a dog with a bone
Sometimes.... I am like a dog with a bone
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Comments
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The reason I was trying to open one was that it allows you to schedule regular withdrawals, £x on the 28th each month.
Anyone else know of a decent paying easy access account that allows repeating scheduled withdrawals?Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
The reason I was trying to open one was that it allows you to schedule regular withdrawals, £x on the 28th each month.
Anyone else know of a decent paying easy access account that allows repeating scheduled withdrawals?
Regular withdrawals of the same amount on the same date to the same place?
Isn't that just a standing order?0 -
Yes but, it is rare for a savings account to offer such an option. Some offer future dated withdrawals but I hadn't come across a savings account with that 'repeat' feature.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
Al Rayan presently does. I use it extensively as I have their 1.6% "profit" account. But they only pay a variable 1% "profit" to new applicants now, and they may well withdraw the functionality. It's a bit of a faff to find out how to set it up as you need to log into their old online banking for it.
Anyone else know of a decent paying easy access account that allows repeating scheduled withdrawals?0 -
So that's another "Best buy" savings rate gone.
Only flexible product currently on their site is their Cash ISA at 1.27% var0 -
Anyone else know of a decent paying easy access account that allows repeating scheduled withdrawals?Yes but, it is rare for a savings account to offer such an option. Some offer future dated withdrawals but I hadn't come across a savings account with that 'repeat' feature.
Savings account?0 -
I assume the OP is looking at storing a pot of money in a savings account and then withdrawing same amount monthly to a linked account in order to fund a regular saver.
Advertised on MSE as "drip feeding".
So yes, savings account
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This thread reminded me of my Ford Flexible Saver account so I'll start to use it again. I opened it only to gain access to the dear departed regular saver. The interest rate is 1.35% so I'll get some use out of it while it lasts.
Thanks!0 -
wiseonesomeofthetime wrote: »I assume the OP is looking at storing a pot of money in a savings account and then withdrawing same amount monthly to a linked account in order to fund a regular saver.
Advertised on MSE as "drip feeding".
So yes, savings account
I was thinking you could do both with a current account...
Post Office is good for it though.0 -
Just for context, I have sold some investments (approx £20k), and will be salary sacrificing the equivalent gross amount in to my pension and was looking to make up reduced net amount from this pot each month, i.e. approx £1650pm. So, fixed amount over a fixed period (12 months).
Current accounts tend to have quite low balance limits for the interest.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0
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