Ford Money axes new savings accounts

2010

Ford money has axed all products except one to new customers from today.

https://www.express.co.uk/finance/personalfinance/1282198/ford-money-savings-isa-changes-uk-cash-accounts-fixed-rate

Albermarle

After some nagging from me a family member opened a Ford one year fixed isa yesterday . Just in time !

MDMD

Presumably if no one can buy a car they don’t need to lend any money to finance it.

noh

Probably just a pause before offering accounts at a lower rate. Marcus has pulled its fixed rate accounts also.
Luckily I opened a 1 year fix with Ford Money yesterday.

typistretired

Still a flexible ISA showing at 0.85%

Thrugelmir

MDMD said:

Presumably if no one can buy a car they don’t need to lend any money to finance it.

A business model that's going to come back to bite all the main manufacturers one suspects. 

Albermarle

MDMD said:

Presumably if no one can buy a car they don’t need to lend any money to finance it.

One body of opinion actually predicts a surge in car buying ( not all new of course ) from people moving away from public transport . In fact the Govt is worried about increased traffic congestion , when the economy revives, for this reason.

2010

The way things are looking, they will probably be a surge in handing cars back and saying they can`t afford PCP payments.

boaby18

typistretired said:

Still a flexible ISA showing at 0.85%

Had an email saying their flexible saver is being reduced to 0.7%