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Market leading interest rate (1.25%)

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Market leading interest rate (1.25%)
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Ford Money has existed as part of the Ford Motor Company since 1963, when it was created under the name Ford Credit. In 1997 Ford Credit obtained its UK banking licence and became known as FCE Bank plc.
Now Ford Money offers a range of savings products and ISAs that are designed to be easy to open and manage, and that offer competitive rates. Check out our tables and compare the accounts Ford Money has to offer.
Flexible Saver
Fixed Saver
Flexible Cash ISA
Fixed Cash ISA
Ford Money operates solely as an online bank and has no presence on the high street. There’s no mobile app yet but customers can access their accounts through the browser on their phone and tablet.
No, the four accounts detailed above are the only types of account currently available through Ford Money.
Ford Money doesn’t offer current accounts – only savings accounts. Because of this you don’t really need to “switch”, you can keep your current account at your existing bank and open a new savings account at Ford Money within 10 minutes.
Decide which of the above account types is best for you and you can open one today and transfer money from your current bank account quickly and easily.
All eligible deposits made with Ford Money, up to a total of £85,000 per person, are protected by the Financial Services Compensation Scheme (FSCS). This is the same compensation scheme that many, if not all, of the major banks and building societies in the UK use, so you can rest assured that, should anything go wrong, your money will be safe. Ford Money also uses encryption technology to keep your details and information protected.
Firstly, you need to decide what you’re looking for in a savings account. How often are you planning to draw out money? How much money can you afford to save each month?
You need to work out what you need before comparing the different offers available for certain types of savings accounts. Once you’ve done that, it’s useful to look at:
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
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How to I transfer a large amount from my Lloyds account to open an account with Ford money?
Hi Alan,
Thanks for your inquiry.
To transfer from your Lloyd’s account to Ford Mone, you must first open an account with Ford Money. Once you’ve opened your account you’ll need to make your initial deposit within 14 calendar days from the date Ford Money receives your application. Otherwise, if they don’t receive funds in this time they will need to close your account and you’ll have to reapply.
Then you must choose a nominated bank account. Given that you have Lloyds bank as your nominated account (a nominated account is a personal UK Bank or Building Society current account) that must be used as the source account for depositing any money and will also be the destination account to which they will send any funds you withdraw from your Ford Money account. Certain products allow you to have your interest and, where applicable, maturing funds paid to this account too.
You can make deposits from your Nominated Account via BACS, CHAPS or Faster Payment. Note that Ford Money don’t accept cheques. When making your deposit please use the following details:
Beneficiary Name: Ford Money
Our Sort Code: 20-32-53 (Note that the clearing bank we use is Barclays)
Our Bank Account Number: 63604551
Our Reference: Your seven-digit Ford Money account number then at least the first three letters of your surname.
Note that if you wish to make an initial deposit immediately after your application has been accepted but before Ford Money has provided you with your Ford Money account number, you should instead quote your nine-digit temporary application reference number, followed by at least the first three letters of your surname.
Don’t forget to contact Lloyd Bank and inquire how to deposit funds from Lloyd to another bank account.
Hope this helps!
Best,
Nikki
Can I move my ISA to Ford Money nationwide?
Hi William,
Thanks for getting in touch with Finder. I hope all is well with you. :)
Yes, you can move your ISA to Ford Money. You can do so by directly getting in touch with Ford Money.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Can I have more than one fixed saver account?
Hi Dave,
Thanks for reaching out to finder.
Yes, you can open multiple Fixed Saver accounts however, please note that your combined balances are subject to an overall maximum balance which is £2,000,000.
I hope this helps.
Cheers,
Charisse
Is investment money held by Ford or is there a bank or building society behind them?
Hi James,
Thanks for getting in touch with finder. I hope all is well with you. :)
Ford Money is an online savings provider and it offers a wide range of savings products in the UK. Ford Credit obtained its UK banking licence and became known as FCE Bank plc. For this reason, they directly hold your money. Moreover, the Financial Services Compensation Scheme (FSCS) protects your investment.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Will you please advise the procedure for opening an account with Ford Money, and how is the sum invested actually provided. Would it be per Debit/Credit card, or would cheque be sent to Ford Money for the relevant sum being invested.
With thanks,
Francis
Hi Francis,
Thanks for getting in touch with finder. I hope all is well with you. :)
There are two ways for you to open a Ford Money account. It can be done through online or by phone. Click on the “Go to site” green button above this page. It should redirect you to the official website of Ford Money. Find the right product for you and simply follow the easy to follow the step-by-step instruction provided. You can also find their phone number on their website if you wish to open an account via phone call. Generally, the online application is faster than through the phone.
Now, when it comes to depositing your money, you need to have a nominated bank account which could be a personal UK Bank or Building Society current account. The nominated bank account would serve as the source account for depositing any money with Ford Money and will also be the destination account to which they will send any funds you withdraw from your Ford Money account.
You can learn more by visiting the website of Ford Money. There are instructions found in their “Help” page and the possibility of talking to them through the phone.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
If I open an account with Ford Money, how do I draw money out of this account?
Hello Stan,
Thank you for your comment.
If you have a Ford Money account, to make a withdrawal you’ll need to log in to your Ford Money account online. Log in and on the Account Summary page select Account Options and choose Move Money from the menu displayed. Follow the instructions to transfer funds to your Nominated Account or to other eligible Ford Money accounts you may have.
To see if your withdrawal has been successful, select Account Options and choose View Transactions. If the withdrawal’s been debited, it will appear at the top of the page with the date it was processed. If the withdrawal is still being processed, you’ll find it towards the bottom of the page in Pending Transactions.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
Is Ford Money covered by the FCA compensation scheme?
Hi Jim,
Thank you for your comment.
Eligible deposits with Ford Money are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
Is my investment safe and guaranteed with Ford Money? Are there risks to me losing my investment?
Hello Norman,
Thank you for your comment.
According to Ford Money, when you bank with them, you have the reassurance of knowing your deposits are protected by the Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme. They also use industry standard site encryption to ensure your savings will never be compromised. To know more, you may visit Ford Money’s website.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
Do you offer fixed term deposit accounts for limited companies(LTD)?
Hi Brian,
Thank you for getting in touch with finder.
Currently, Ford Money only offers various savings products for individuals as young as 16 years old. You may apply for a fixed term deposit for your LTD company with one of the UK’s ‘big four’ banks like NatWest.
Please feel free to reach out to us if you have any other enquiries.
Thank you and have a wonderful day!
Cheers,
Jeni