Ford Money Flexible Saver

Gers

I’m writing to let you know we will be reducing the rate on your Flexible Saver account effective 14 September 2020 as follows:

Current rate New lower rate 1.07% Gross 0.70% Gross

mooneysaver

Thanks, please can you confirm the AER on the new rate?

Also is it possible to transfer the money to a flexible cash ISA?

RG2015

mooneysaver said:

Thanks, please can you confirm the AER on the new rate?

Also is it possible to transfer the money to a flexible cash ISA?

At this level the AER will also be 0.70%. As this is an easy access account, you are free to transfer it anywhere you wish.

where_are_we

Once a month we use Ford Flexible Saver future payments facility to automatically top up our 123 Lite to make sure direct debits and many Regular Saver SO`s are covered. Marcus does not have this facility. Are there any other high interest instant access savings accounts that allow future payments?

colsten

where_are_we said:

Once a month we use Ford Flexible Saver future payments facility to automatically top up our 123 Lite to make sure direct debits and many Regular Saver SO`s are covered. Marcus does not have this facility. Are there any other high interest instant access savings accounts that allow future payments?

RCI offers similar functionality. Sadly, their interest rate is as miserable as the Ford one. There's no such thing as a high interest instant access savings account, or any high interest savings account,  now.

dc_scotland

Gers said:

I’m writing to let you know we will be reducing the rate on your Flexible Saver account effective 14 September 2020 as follows:

Current rate New lower rate 1.07% Gross 0.70% Gross

After reducing the flexible saver rate to 0.70% with effect from yesterday, they have now increased it to 0.75% with effect from today !

cloud_dog

Do you think there will be a rush of savers returning to them?