Ford Credit Money Market Account “Ford Interest Advantage”

Posted by Mrs Money on February 27th, 2008

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Ford Interest Advantage Account

If you’re looking for a high yield savings account, the Ford Credit Money Market Account may be a good option for you. You can start your account with as little as $1,000, which isn’t too terrible but may pose a problem for some. Here are the current rates for this week:

For amounts under $15,000, the rate is 1.00% with an APY of 1.01%

For amounts $15,000 to $50,000, the rate is 1.05% with an APY of 1.06%

For amounts over $50,000, the rate is 1.10% with an APY of 1.11%

They pay interest on a tiered interest rate system, so the more money you have with them, the better the interest rate is for you. Many banks do this to gain more of your business. They offer telephone and online access 24 hours a day, free online transfers, and checks. Checks must be written for an amount larger than $250.00 and you can write as many as you’d like. There are no fees if you balance is above $1,000.

Possibly the largest drawback for the Ford Credit Money Market “Ford Interest Advantage” Account is that it is not FDIC insured, so if you’re the kind of person that likes the peace of mind offered by the FDIC, this may not be the account for you. If you are willing to take a risk and don’t mind not being backed by the FDIC, then I’d invest in the Ford Interest Advantage Account.

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8 Responses to “Ford Credit Money Market Account “Ford Interest Advantage””


  1. t n quitter says:

    since the financial rescue plan was announced, i would like to know if my money market is now fdic. i am a cirrent member of F I A.

    [Reply]

  2. W. Jean Baxter says:

    For the past 3 days, I have not been able to log into my account. I have tried changing my password, thinking that might be the problem, but no luck. Please tell me what to do! I am not having any problem with any of my other accounts.

    Thanks
    W.Jean Baxter

    [Reply]

  3. Julie McNeil says:

    Hey, I am currently making a YouTube video about something simular, would you mind me using you as a reference? I’ll be sure to give you a link within the video.

    [Reply]

    Mrs Money Reply:

    Julie- that would be fine. :)

    [Reply]

  4. Hey, I just wanted to say what a brilliant website. I really enjoyed it and found it interesting reading. Awaiting your next post!

    [Reply]

  5. Dotty Looney says:

    Iam interested in opening a Ford credit money market account, Ford interest advantage account. I would like to talk to someone about it. Please email the phone no. thanks so much……….Dotty Looney

    [Reply]

  6. Taina Burrel says:

    Wow that was odd. I just wrote an very long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say excellent blog!

    [Reply]


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