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  • FIRST POST
    • Special_Saver2
    • By Special_Saver2 27th Nov 07, 10:33 PM
    • 1,107Posts
    • 3,940Thanks
    Special_Saver2
    Regular Savings Accounts: The Best Currently Available List!
    • #1
    • 27th Nov 07, 10:33 PM
    Regular Savings Accounts: The Best Currently Available List! 27th Nov 07 at 10:33 PM
    **THIS THREAD HAS NOW BEEN MOVED TO HERE!!**
    http://forums.moneysavingexpert.com/showthread.php?t=5776240

    I welcome you to join our discussion there.

    SS2
    Last edited by Westie983; 25-02-2018 at 11:44 AM.
Page 273
    • castle96
    • By castle96 17th May 17, 4:22 PM
    • 1,661 Posts
    • 281 Thanks
    castle96
    So they wont accept a SO each month ? ie you have to do a FP each month ? Yes ?
    • Marvo5
    • By Marvo5 17th May 17, 4:28 PM
    • 159 Posts
    • 104 Thanks
    Marvo5
    No idea what your second line is all about (some sort of joke going way over my head perhaps) but if your first line was intended in a non-facetious way then no, deposits and withdrawals to/from their existing savings accounts are by faster payments rather than direct debits so it would be unlikely they'd introduce DDs for these ones.
    Originally posted by eskbanker
    Okay. The only experience I have of a regular saver with a company that I don't have an account with is the Post Office and they do accept Direct Debits. I bow to your superior knowledge regarding Ford.

    May 22nd it is then, 4%. Better than these Virgin savers you all keep banging on about.
    • Marvo5
    • By Marvo5 17th May 17, 4:30 PM
    • 159 Posts
    • 104 Thanks
    Marvo5
    So they wont accept a SO each month ? ie you have to do a FP each month ? Yes ?
    Originally posted by castle96
    No. I'm pretty sure they'll accept a standing order, it's you that initiates that so I don't see how they could refuse it.
    • badger09
    • By badger09 17th May 17, 4:30 PM
    • 5,941 Posts
    • 5,281 Thanks
    badger09
    So they wont accept a SO each month ? ie you have to do a FP each month ? Yes ?
    Originally posted by castle96
    The accounts don't launch until 22 May. No one knows what payment method/s they will accept

    Though it is likely they will follow the same pattern as their other accounts.
    Last edited by badger09; 17-05-2017 at 4:35 PM.
    • eskbanker
    • By eskbanker 17th May 17, 4:31 PM
    • 6,814 Posts
    • 7,068 Thanks
    eskbanker
    So they wont accept a SO each month ? ie you have to do a FP each month ? Yes ?
    Originally posted by castle96
    No, looks like SOs are fine too (assuming the new products are going to accept the same funding options as the existing ones) - see https://www.fordmoney.co.uk/content/dam/fmny/uk/documents/General-Customer-Terms.pdf (which can be overlaid with product-specific terms):
    You can make deposits into your Ford Money savings account from your Nominated Account via BACS, CHAPS, Faster Payments or Standing Order. We donít accept cash or cheque deposits.
    • Speculator
    • By Speculator 17th May 17, 5:43 PM
    • 1,760 Posts
    • 1,357 Thanks
    Speculator
    I hope the Ford Regular ISA saver will allow people to deposit £1385 per month (£15240/11) and not just £250 pm.
    • Sea Shell
    • By Sea Shell 17th May 17, 5:51 PM
    • 675 Posts
    • 892 Thanks
    Sea Shell
    Good news!! Put us down for 2! (Standard - not ISA)
    Last edited by Sea Shell; 18-05-2017 at 6:44 AM.
    " That pound I saved yesterday, is a pound I don't have to earn tomorrow "
    • eskbanker
    • By eskbanker 17th May 17, 5:58 PM
    • 6,814 Posts
    • 7,068 Thanks
    eskbanker
    I hope the Ford Regular ISA saver will allow people to deposit £1385 per month (£15240/11) and not just £250 pm.
    Originally posted by Speculator
    Time will tell once it's properly launched but that quoted This Is Money piece implies £250 (and for once I think I'd be inclined to believe Daily Mail figures!).

    In any event there is no significance to £15,240 this year, the current ISA allowance is a round £20K....
    • Speculator
    • By Speculator 17th May 17, 6:03 PM
    • 1,760 Posts
    • 1,357 Thanks
    Speculator
    Time will tell once it's properly launched but that quoted This Is Money piece implies £250 (and for once I think I'd be inclined to believe Daily Mail figures!).

    In any event there is no significance to £15,240 this year, the current ISA allowance is a round £20K....
    Originally posted by eskbanker
    The second sentence in the article starts with "The account " and not "accounts" so I am hoping the £250 pm refers to the Regular Saver only.
    Last edited by Speculator; 17-05-2017 at 8:47 PM. Reason: amended £300 to £250
    • eskbanker
    • By eskbanker 17th May 17, 7:08 PM
    • 6,814 Posts
    • 7,068 Thanks
    eskbanker
    The second sentence in the article starts with "The account " and not "accounts" so I am hoping the £300 pm refers to the Regular Saver only.
    Originally posted by Speculator
    I'm sure we'd all hope for a regular saver that accepts four-figure monthly deposits but whether we'd consider it likely or realistic is another matter!
    • schiff
    • By schiff 17th May 17, 7:45 PM
    • 17,911 Posts
    • 9,288 Thanks
    schiff
    No, looks like SOs are fine too (assuming the new products are going to accept the same funding options as the existing ones) - see dam/fmny/uk/documents/General-Customer-Terms.pdf">https://www.fordmoney.co.uk/content/dam/fmny/uk/documents/General-Customer-Terms.pdf (which can be overlaid with product-specific terms):
    Originally posted by eskbanker
    Love that bit tough if you've only got serious documents.
    • Archi Bald
    • By Archi Bald 17th May 17, 8:02 PM
    • 9,366 Posts
    • 7,425 Thanks
    Archi Bald
    I'm sure we'd all hope for a regular saver that accepts four-figure monthly deposits but whether we'd consider it likely or realistic is another matter!
    Originally posted by eskbanker
    Regular Saver ISAs usually do allow you to deposit your entire ISA allowance for the year, spread out evenly over the months. We'll know on Monday what Ford offer.
    • Rich2808
    • By Rich2808 17th May 17, 8:32 PM
    • 600 Posts
    • 454 Thanks
    Rich2808
    I hope the Ford Regular ISA saver will allow people to deposit £1385 per month (£15240/11) and not just £250 pm.
    Originally posted by Speculator
    I have already opened the Nottingham BS regular saver isa paying 2.25% - so I won't be eligible for the Ford one. That allows £2,400 in month 1 and £1600 per month there after.

    You would assume Ford would allow higher than £250 a month for their regular savings ISA as the most you would be able to save otherwise is £2750 compared to the £20k ISA allowance.

    But the 4% standard offering sounds a good bet anyway.

    Come Mondeo we will have to stay Focused and Explorer our Ford options amongst their Galaxy of savings offerings. And then come interest payment day a Fiesta may be in order.
    • schiff
    • By schiff 17th May 17, 8:34 PM
    • 17,911 Posts
    • 9,288 Thanks
    schiff

    Come Mondeo we will have to stay Focused and Explorer our Ford options amongst their Galaxy of savings offerings. And then come interest payment day a Fiesta may be in order.
    Originally posted by Rich2808
    Until Monday we're all in transit
    • schiff
    • By schiff 17th May 17, 8:36 PM
    • 17,911 Posts
    • 9,288 Thanks
    schiff
    I have already opened the Nottingham BS regular saver isa paying 2.25% - so I won't be eligible for the Ford one.
    Originally posted by Rich2808
    Why? I'm afraid that passes me by.
    • Rich2808
    • By Rich2808 17th May 17, 8:40 PM
    • 600 Posts
    • 454 Thanks
    Rich2808
    Why? I'm afraid that passes me by.
    Originally posted by schiff
    You can't invest in more than one cash isa a year is why - and if the Ford isa regular saver account only allows £250 a month it isn't worth my while as I cannot maximise my £20k allowance.

    I would also lose six months interest if I transferred out the £4k I have already invested with the Nottingham - and its unlikely Ford would accept a transfer in on a regular saver (and I assume they aren't a split isa provider either).

    Still up for the non isa product !
    Last edited by Rich2808; 17-05-2017 at 8:52 PM.
    • isasmurf
    • By isasmurf 17th May 17, 8:56 PM
    • 1,719 Posts
    • 739 Thanks
    isasmurf
    You would assume Ford would allow higher than £250 a month for their regular savings ISA as the most you would be able to save otherwise is £2750 compared to the £20k ISA allowance.
    Originally posted by Rich2808
    Ford allow you to share your allowance across all their Cash ISAs, so you can still use all your allowance.
    • schiff
    • By schiff 17th May 17, 9:05 PM
    • 17,911 Posts
    • 9,288 Thanks
    schiff
    You can't invest in more than one cash isa a year is why - and if the Ford isa regular saver account only allows £250 a month it isn't worth my while as I cannot maximise my £20k allowance.
    Originally posted by Rich2808
    Missed the ISA reference
    • eskbanker
    • By eskbanker 18th May 17, 12:49 AM
    • 6,814 Posts
    • 7,068 Thanks
    eskbanker
    Regular Saver ISAs usually do allow you to deposit your entire ISA allowance for the year, spread out evenly over the months. We'll know on Monday what Ford offer.
    Originally posted by Archi Bald
    Fair point - I was looking at it from the perspective of the interest rate being closer to the heavily-capped standard regular savers than cash ISA rates but as you say there is a strong argument that a (non-HTB) cash ISA should be able to accommodate a year's allowance. Anyway, let's see what Monday brings....
    • EachPenny
    • By EachPenny 18th May 17, 1:23 AM
    • 4,548 Posts
    • 11,685 Thanks
    EachPenny
    Until Monday we're all in transit
    Originally posted by schiff
    Cor, Tina. If you're listening you should get this new account

    Ok, the joke has got a bit thin
    "In the future, everyone will be rich for 15 minutes"
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