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Flexible Saver

A savings product that lets you enjoy spur-of-the-moment treats.

Enjoy easy access to your money with flexible pay-ins and unlimited withdrawals, free of charge. All while your money earns competitive interest.

  • Open an account with £1 - save up to £2,000,000
  • Make deposits and withdrawals whenever you want 
  • Open multiple accounts
  • Open an account singly or jointly
  • Our Best Rate Guarantee
  • Interest can be paid monthly or annually
  • Customise your account with a personal name or savings goal
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Our Best Rate Guarantee

Our Best Rate Guarantee


Enjoy our best available rate, even after you’ve opened your account. On variable rate products you’ll always enjoy the same rates as our new customers on like-for-like products. Where this means your interest rate will decrease, we’ll let you know at least 60 days before the change.

Flexible Saver explained

Want to learn more about our Flexible Saver? Watch this short video for a quick overview.

Applying for a savings product

For an overview of how to apply for one of our savings products, watch our helpful video.

Account Name

Flexible Saver

What is the interest rate?

1.29% Gross*/AER* Annual (variable)

1.28% Gross*/AER* Monthly (variable)

  • Interest is calculated daily and can be paid monthly or annually, linked to the date we receive your initial deposit.

 

Can Ford Money change the interest rate?

  • Yes - this is a variable rate product so we may increase and decrease your interest rate.
  • When we increase your interest rate we will inform you at the earliest opportunity. When we decrease your interest rate we will give you  at least 60 days’ notice of the reduction.

What would the estimated balance be based on a £1,000 deposit?

£ 1,012.90 based on £1,000 over 1 year at 1.29%

 

This projection is provided for illustrative purposes only and does not take into account your individual circumstances. This is based on no withdrawals or further deposits being made and interest being added to the account. The projected balance is based on the annual interest rate.

How do I open and manage my account?

  • You must be aged 16 or over.
  • This account can be held jointly with one other person.
  • You can open this account online or via telephone.
  • This account is accessed and managed online.
  • You pay 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 14 days from the date we receive your application.
  • Minimum initial deposit £1.
  • Minimum balance £1, maximum balance £2,000,000.
  • You can make an unlimited number of deposits.

Can I withdraw money?

  • Withdrawals can be made online at any time to your Nominated Account or by transfer to another Ford Money savings account (subject to the Terms and Conditions of that product).
  • If we receive your request for a withdrawal by 2pm on any business day, the money should be available in your Nominated Account by the end of the following business day.

 

Additional information

  • You are responsible for registering and declaring your tax status and tax residencies, and for paying any tax due to HMRC - if your situation changes you need to update us, so please get in touch.
  • Tax treatment is dependent on the personal circumstances of each customer and may be subject to change in the future.


The information provided above is a summary of the key features of the Ford Money Flexible Saver and is not intended to be a substitute for reading the Product Terms and Conditions. Please make sure you have read the Product Terms and Conditions before applying.

To make sure Flexible Saver is right for you, read the following documents.

Product Summary Factsheet

This details all the product features.

Product Summary Factsheet (PDF)

Product Terms & Conditions

This explains how the product operates, and its legalities - without complex legal language.

Product Terms & Conditions (PDF)

Customer Agreement

This outlines the terms of our relationship and what you can expect from Ford Money as a business.

Customer Agreement (PDF)

Financial Services Compensation Scheme

Balances up to £85,000 are fully protected under the Financial Services Compensation Scheme.

For more information, visit the FSCS website

 

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Personal Savings Allowance

Changes to Government legislation mean that you might not need to pay tax on the interest you earn.

For more information, read our page on the Personal Savings Allowance.

More details

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Apply for Flexible Saver

Our online application process is easy - apply today.

Apply Online

  • *Important Information

    Gross Rate

    Gross p.a. (per annum) is the taxable rate of interest without the deduction of UK Income Tax per year.

    AER

    AER stands for Annual Equivalent Rate. This shows what the gross rate would be if interest was paid and compounded each year. Every savings product will communicate an AER, so you’ll be able to compare product rates more easily.

    Tax-Free

    Tax-free means you are exempt from UK Income Tax.
    Tax treatment is dependent on the personal circumstances of each customer and may be subject to change in the future.

    Term Breakage Charge

    This is a charge or loss of interest applied if you make a withdrawal from a Fixed ISA product.

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