The Top Fixed Interest Savings Discussion Area

brucefan_2

TomDolan said:

andyhicks88 said:

With Ford Money, I wonder if a new customer could set up an easy access account or something and then become eligible for the "existing customer" fixed rate account rates?

I have just opened the flexible saver and can apply for the fixed saver 1,2,5yrs term

I have also managed in the last few days to open a 'Flexible Saver' and then open and also fund a 1 year Fixed Saver.

Best Wishes,
David

Patr100

Habib Bank Zurich plc apparently have nudged forward with a 4.33% (expected rate sharia) 
open online but manage by post -

Anyway I've done my 1 and 2 year fixes weeks ago , so just watching rates by the side lines 

pecunianonolet

Can you fund Ford fixed saver directly or only from your nominated account? An initial funding of 1 quid into flex saver was returned as they had to send a code by post first, we're now abroad and letter probably got stuck with the strike so would only be able to fund otherwise when back and that is super tight with the deadline.

refluxer

pecunianonolet said:

Can you fund Ford fixed saver directly or only from your nominated account? An initial funding of 1 quid into flex saver was returned as they had to send a code by post first, we're now abroad and letter probably got stuck with the strike so would only be able to fund otherwise when back and that is super tight with the deadline.

You can only fund a Ford Money Fixed Saver from either another appropriate Ford Money account (eg. the Flexible Saver) or your nominated account.

• You pay in money from your Nominated Account or from an existing Ford Money account, subject to the Terms and Conditions of that product.
• Your initial deposit must be received within 21 days of the date we receive your application.
• Minimum initial deposit £500
• Minimum balance £500, maximum balance up to £2,000,000.
• You can make an unlimited number of deposits within 21 days of the date we receive your application. After this deposit window no additional deposits are permitted.

NB. that's 21 days including the day you opened the account, so it's actually 20 days from account opening.

When looking at your payment deadline, bear in mind that payments made into Ford Money accounts after working hours are not normally credited until the following business day, which means that payments made on a Friday evening (for example) don't arrive until Monday morning. That includes both payments from external and internal accounts so you'll need to get your timings right if you intend to pay into the Flexible Saver first and from their transfer into a Fixed Saver as making these payments at the wrong times could lead to that taking a good few days.

Saying that though, payments made during a working day are usually much quicker. I recently made an internal transfer from a Flexible Saver to a Fixed Saver at around 1pm during the week and it was immediate.

Chartdj

Looking at opening an Account with Hampshire Trust Bank, but getting lots of warnings from HSBC whilst trying to Transfer money to them and there are many poor reviews on trustpilot, especially about poor customer service with some having problems at maturity.  I appreciate it is covered by FCS etc but just wondered what others thought before I ignore the warnings. 

janusdesign

Chartdj said:

Looking at opening an Account with Hampshire Trust Bank, but getting lots of warnings from HSBC whilst trying to Transfer money to them and there are many poor reviews on trustpilot, especially about poor customer service with some having problems at maturity.  I appreciate it is covered by FCS etc but just wondered what others thought before I ignore the warnings. 

i've had a few accounts with them - both easy access and fixed... can't recall any issues with them regarding maturity and they were also quick to reply to emails... however, they do have a quirky IT system that requires manual requests (email or phone) if you ever want to have more than one account with them at the same time.

refluxer

Ford Money have finally revised their Fixed Saver rates and made them available to all. These new rates match the best currently available elsewhere and therefore make them joint-top at the top of the corresponding fixed rate table.

The new rates are :
1 year @ 4.25% (AER)
2 years @ 4.50% (AER)
5 years @ 4.55% (AER)

pecunianonolet

refluxer said:

Ford Money have finally revised their Fixed Saver rates and made them available to all. These new rates match the best currently available elsewhere and therefore make them joint-top at the top of the corresponding fixed rate table.

The new rates are :
1 year @ 4.25% (AER)
2 years @ 4.50% (AER)
5 years @ 4.55% (AER)

Glad I moved funds over to the old rates yesterday before the transfer window closed. Was away over the holidays and snail mail delivered the activation code for the account while I was away so been lucky. Old rates below as reference

Pompeydave1967

Oh dear Atom rates just gone down…1 yr 4.17% , 2 yr , 3yr & 5 yr all at 4.27%. 

Very disappointed to say the least.

A._Badger

Chartdj said:

Looking at opening an Account with Hampshire Trust Bank, but getting lots of warnings from HSBC whilst trying to Transfer money to them and there are many poor reviews on trustpilot, especially about poor customer service with some having problems at maturity.  I appreciate it is covered by FCS etc but just wondered what others thought before I ignore the warnings. 

FWIW I had an ISA with them a year or so ago and it wall went very smoothly, including a transfer once it had reached maturity.