Ford Interest Advantage

Do many of you have money in the Ford Interest Advantage? It's a good return, but do you think it is safe? With all this downgrading and bankruptcy talk, are many of you getting your money out? I've given a lot of years to Ford. The stock price and benefit costs are killing us. Don't want to lose everything tied to the oval. What do you think?

If I couldn't afford to lose it I'd take it out.

If I had money in it I would take my money out just for the simple fact that FORD is closing the plant I work at....I would not want them using my money to do anything with!!

Thanks for pointing this out. Our family does have money in the FIA "aka money market plan" and had planned on putting proceeds from our home sell but I have changed my mind because they are NOT insured by the FDIC. Read below:

Ford Interest Advantage is a program under which you can invest in unsecured senior debt obligations of Ford Motor Credit Company. It is not a money market mutual fund or a bank account and is not protected by the Federal Deposit Insurance Corporation or any other insurance. Since all funds are invested in the security of a single issuer (Ford Credit), investors will not have the diversification offered by money market mutual funds or the protection, including quality standards, provided by the Investment Company Act of 1940.

I have read great things about the Bank Direct Money Market so I am going there.

Thanks again!!!