Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • cheesetoast
    • By cheesetoast 19th May 17, 7:14 PM
    • 256Posts
    • 165Thanks
    Ford Regular Saver - ISA Rules at Maturity?
    • #1
    • 19th May 17, 7:14 PM
    Ford Regular Saver - ISA Rules at Maturity? 19th May 17 at 7:14 PM
    So... Ford are going to be doing this 4% regular saver ISA account. It got me thinking...

    What happens after the year, when the account matures?

    Let's say you open one on 22nd May 2017. You pay in 12 monthly instalments, from 1st June to 1st May 2018. The account matures on 22nd May 2018, and becomes a standard ISA paying a bum rate.

    What then?

    Because you've already contributed to an ISA in the 2018-19 year (your final instalment was on 1st May 2018), can you not close it and open another one? Surely they won't let you just "renew" it into a Regular Saver ISA again, because it'll have 3000 in there, and they'll want you to start it at zero?
Page 1
    • greenglide
    • By greenglide 19th May 17, 8:20 PM
    • 3,096 Posts
    • 2,015 Thanks
    • #2
    • 19th May 17, 8:20 PM
    • #2
    • 19th May 17, 8:20 PM
    It is a Split ISA,according to MSE so you can have their ongoing low rate product and a new regular saver for another year.

    Evenaturally you could then transfer out the whole low rate bit.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

753Posts Today

7,251Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line?

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin