Good news for savers as provider reopens 'competitive' account
New customers of Ford Money can now get 0.40 percent on their savings thanks to its newly reopened Flexible Saver account. Previously only available to existing customers, this rate will now be available to both new and existing customers and is one of the more competitive rates currently on the market. According to research by Moneyfacts, savings rates are recovering at a ‘slow and steady’ pace which means savers must act fast to take advantage of new deals like this. The new rates are available to all its customers immediately.
Savings rates rose again for the second consecutive month in August, and although they are still way below pre-pandemic levels, they are the highest they have been since February 2021.
A Ford Money spokesperson commented on the new release, explaining the reasoning behind reopening this account.
They said: “We hope that by reinstating our Flexible Saver to new customers, we can provide savers with a wider portfolio of products that best suit their needs.
“This is as we all continue to tackle the challenges brought on by the pandemic.”
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