Fixed Saver 1 Year - Ford Money

Fixed Saver 1 Year

Ford Money
1.75 % AER
Headline Interest Rate
Fixed
For 12 months
FSCS
Compensation Scheme
£ 500 min initial deposit
£ 2,000,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 1.75 % AER
Headline Interest Balance: £ 500
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 500
Date account was introduced: 10 May 2019

This account may be appropriate for you if

  • Your are happy to give na days notice before accessing your money
  • You are over 16 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: maturity
Minimum Balance: £ 500
Maximum Balance: £ 2,000,000
Statement Frequency: on-line
Additional Deposits: Not allowed
Standing Orders: Not allowed

Withdrawals

Withdrawal Conditions: Withdrawals or closure during the term is not permitted
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: Withdrawals are not permitted.
Transferred on Maturity: If no instructions are received by maturity and "if" the account holder has been offered another Term of the same or similar length the new term will start automatically on the maturity date of the previous account.

Conditions

Trustee Types: Accounts can be opened in trust on behalf of someone deemed incapable of making their own financial decisions, however this person must be at least 16 years of age.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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