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.
Balances up to £85,000 are fully protected under the Financial Services Compensation Scheme.
For more information, visit the FSCS website
Account Name
Flexible Saver
Interest
Can Ford Money change the interest rate?
What would the estimated balance be based on a £1,000 deposit?
N/A
How do I open and manage my account?
Can I withdraw money?
Additional information
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.
Our Flexible Saver offers you the flexibility to make deposits and withdrawals whenever you want, without charge. It offers a variable rate of interest that can increase or decrease.
Flexible Saver can be opened singly or in joint names. You can also open Flexible Saver on behalf of someone else, either under a Power of Attorney or as a Deputy for someone deemed incapable of making their own financial decisions.
Your right to cancel
You can close your Flexible Saver at any time, without notice and without charge. The balance on your account, and any interest earned, will be repaid to you in full.
Balance
Your balance must at all times be between £1 and £2,000,000.
Interest
From the day we receive your initial deposit, your Flexible Saver will earn interest daily, based on the balance at the end of each day and calculated as 1/365th of the annual rate.
Interest can be paid annually or monthly on the anniversary date of your initial deposit and can be paid into:
If you have selected for your interest to be paid to your Nominated Account and if the interest due date is a non-business day (Saturday, Sunday and Bank Holidays), we’ll send your interest payment via BACs on the next business day. If the anniversary date falls on February 29th, we’ll pay your interest on February 28th, except in leap years when we will pay it on February 29th itself.
To make sure Flexible Saver is right for you, read the following documents.
This explains how the product operates, and its legalities - without complex legal language.
This outlines the terms of our relationship and what you can expect from Ford Money as a business.
Gross p.a. (per annum) is the taxable rate of interest without the deduction of UK Income Tax per year.
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 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.
This is a charge or loss of interest applied if you make a withdrawal from a Fixed ISA product.
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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 with registered address at Arterial Road, Laindon, Essex, England, SS15 6EE. Please do not contact this address for customer servicing. For ways to get in touch please visit 'Contact Us'.
You can confirm our registration on the Financial Services Register or by contacting the FCA on 0800 111 6768.
