Who are Ford Money?
Ford Money is a new UK based online savings bank from Ford that launched on April 4th 2017, offering a range of variable and fixed rate savings products and Cash ISAs.
Why is a car company entering the savings market?
Ford has been managing money and providing lending in the UK via their finance subsidiary Ford Credit since 1963. And in 1997 Ford Credit obtained its UK banking licence and became known as FCE Bank plc. Ford believes that as a respected and trusted consumer brand in the UK they can bring a fresh approach to savings versus the High Street Banks, offering fair rates for all, straightforward products and excellent customer service.