Ford Money Launches New Savings Brand in Germany

• Ford Money announces the launch of a new savings brand in Germany, comprising a range of straightforward products and Ford Money’s ‘Our Best Rate Guarantee’.
• The new offering comes as Ford Money UK enhances its customer offering with launch of new app, enabling customers to access their accounts using biometric technology.  

LONDON, Monday 11^th January 2021: Ford Money has announced the launch of a new savings brand in Germany. Ford Money Germany will provide simple and straightforward savings products which mirror the UK offering and include Ford Money’s ‘Our Best Rate Guarantee’. This allows existing and new customers to benefit from the same interest rates.

Ford Money combines the brand values of Ford with the financial knowledge of Ford Bank GmbH, a bank authorized and regulated by the German Federal Financial Supervisory Authority (Bafin) and headquartered in Cologne. The brand’s expansion into the German savings market comes three and a half years after Ford Money’s launch in the UK, where it has become an established brand providing UK savers with fair and consistent products and rates.

"Savers are looking for competitive, fair and safe products. That's why we have developed Ford Money, a deposit business that offers our customers easy-to-open and easy-to-manage savings accounts that also meets the highest security standards," said Andreas Hahne, specialist for deposit products at Ford Bank GmbH.

Suzanne Lewsley, UK chief deposits officer at Ford Money, said, “We’re excited to launch the Ford Money brand in Germany and offer customers the same access to easy, simple and competitive accounts as we do in the UK. This is a positive move for the brand as we continue to provide excellent service and experience for all our customers.

“As we launch Ford Money in Germany, we are pleased to be enhancing our offering to UK customers with an app. Customers can use fingerprint or facial recognition to login, making it simpler to access their accounts, view balances and review transactions. We’re looking forward to bringing more functionality to the app soon, including transfers and withdrawals, designed to help our customers stay close to their savings.”

The Ford Money app is available to download the app via Google Play or the Apple App Store.

About Ford Money UK

As part of Ford Credit Europe (licensed as FCE Bank plc), Ford Money is a savings provider in the UK. FCE is a registered bank in the UK, authorized by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and PRA to accept deposits. Deposits of up to £85,000 are protected by the UK government’s Financial Services Compensation Scheme (FSCS). For more information, visit www.fordmoney.co.uk.

Ford Money is a trading style of FCE Bank plc., which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Firm Reference Number 204469. Registered in England and Wales under registration number 772784.

 About Ford Money Germany

Ford Money is the deposit business of Ford Bank GmbH. Under this offer, customers can save money in easy access and fixed-term deposit accounts at attractive and consistent interest rates. We treat existing and new customers equally: With the "Our Best Rate Guarantee", savers always receive the best available interest rate from Ford Money.

Deposits of up to 100,000 Euros are protected by the German Deposit Protection Act (EinSiG) of the German government. For more information, visit www.fordmoney.de.

About Ford Bank GmbH

Ford Bank is a German bank authorized and regulated by BaFin. Customer deposits are protected by the German statutory deposit insurance scheme and the Deposit Protection Fund of the Association of German Banks. Ford Bank is a leading provider of automotive financial services. Its range of services has expanded over time from pure loans to leasing and insurance. The first predecessor of Ford Bank, the "Ford Motor Credit Company", was founded in Germany as early as 1926. More information is available at www.ford.de/finanzen.