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Ford Money axes new savings accounts

Comments

  • Albermarle
    Albermarle Posts: 26,010 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    After some nagging from me a family member opened a Ford one year fixed isa yesterday . Just in time !
  • MDMD
    MDMD Posts: 1,506 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Presumably if no one can buy a car they don’t need to lend any money to finance it.
  • noh
    noh Posts: 5,812 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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
    typistretired Posts: 2,099 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Still a flexible ISA showing at 0.85%
    "Look after your pennies and your pounds will look after themselves"
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    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
    Albermarle Posts: 26,010 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    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
    2010 Posts: 5,444 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    The way things are looking, they will probably be a surge in handing cars back and saying they can`t afford PCP payments.
  • boaby18
    boaby18 Posts: 10 Forumite
    First Post
    typistretired said:
    Still a flexible ISA showing at 0.85%
    Had an email saying their flexible saver is being reduced to 0.7% 
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