Ford Money Flexible Saver - Withdrawn

cloud_dog

As per the title really. Has been withdrawn today.

cloud_dog

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?

soulsaver

cloud_dog wrote: »

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?

cloud_dog

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.

colsten

cloud_dog wrote: »

Anyone else know of a decent paying easy access account that allows repeating scheduled withdrawals?

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.

wiseonesomeofthetime

So that's another "Best buy" savings rate gone.

Only flexible product currently on their site is their Cash ISA at 1.27% var

soulsaver

cloud_dog wrote: »

Anyone else know of a decent paying easy access account that allows repeating scheduled withdrawals?

cloud_dog wrote: »

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?

wiseonesomeofthetime

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

Gers

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!

soulsaver

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.

cloud_dog

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.