Ford Money Flexible Saver rate reduction

RG2015

I received an email advising me that my Ford Money Flexible Saver rate is reducing from 0.75% to 0.50% on 8 February 2021.

My surplus cash is in Coventry and Skipton instant access accounts currently paying 1.20% but I am not expecting these rates to last for much longer. 

trickydicky14

had the same email today, have been keeping most of my instant cash with ford for some time so need to think about this one. Dont think i can do better than 0.5% at this time?

MDMD

trickydicky14 said:

had the same email today, have been keeping most of my instant cash with ford for some time so need to think about this one. Dont think i can do better than 0.5% at this time?

You could open a Virgin money current account to get 2.02% AER (variable) on the first £1k, them the same 0.5% AER variable on the remainder in the accompanying savings account.

Whether it is worth it is another question.

trickydicky14

Thanks MDMD, all ready done that just waiting for my code to get my wine.
I think it was worth it.

dc_scotland

RG2015 said:

I received an email advising me that my Ford Money Flexible Saver rate is reducing from 0.75% to 0.50% on 8 February 2021.

My surplus cash is in Coventry and Skipton instant access accounts currently paying 1.20% but I am not expecting these rates to last for much longer. 

The Ford Flexible Saver rate is reducing again from 0.50% to 0.40% from 10 May.

dc_scotland

I see that the latest update to the Ford Money app now allows you to make withdrawals.  Up until now it has only allowed you to view your accounts.