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    • badger09
    • By badger09 21st May 17, 10:24 AM
    • 5,582 Posts
    • 4,892 Thanks
    badger09
    Read in the press that Ford Money are launching 2 regular saving online products tomorrow 22/5/17 with a 4% interest rate. One is a regular saver account for 12 months maximum contribution £250/month and the other is a regular saver cash ISA with similar raters. This is a welcome upward change in regular saving products and is likely to be subscribed to quickly.
    Originally posted by where are we

    I depth discussion here

    post 5444 onwards

    http://forums.moneysavingexpert.com/showthread.php?t=608697&page=273
    • dekkard
    • By dekkard 22nd May 17, 7:56 PM
    • 97 Posts
    • 31 Thanks
    dekkard
    And the new Ford Money Regular Saver is now unavailable having been available earlier today after its launch.

    Excess demand presumably ?
    • veryintrigued
    • By veryintrigued 22nd May 17, 8:15 PM
    • 2,117 Posts
    • 1,402 Thanks
    veryintrigued
    And the new Ford Money Regular Saver is now unavailable having been available earlier today after its launch.

    Excess demand presumably ?
    Originally posted by dekkard
    It wouldn't surprise me if their IT are performing a fix such that only one per customer can be opened as per the T&Cs and that the product will then be (re)launched.
    Last edited by veryintrigued; 22-05-2017 at 8:17 PM.
    • EachPenny
    • By EachPenny 23rd May 17, 12:08 AM
    • 3,290 Posts
    • 6,053 Thanks
    EachPenny
    It wouldn't surprise me if their IT are performing a fix such that only one per customer can be opened as per the revised T&Cs and that the product will then be (re)launched.
    Originally posted by veryintrigued
    Fixed the typo for you.

    I suspect they may have reached the target number of accounts and don't want any more deposits, or else need some time to catch up with the vast number of applications such a popular account has generated.

    The T&C's make it clear this is an issue based product, so if this one has sold out we can probably expect another issue to be released in due course.
    Last edited by EachPenny; 23-05-2017 at 12:14 AM.
    "In the future, everyone will be rich for 15 minutes"
    • dekkard
    • By dekkard 23rd May 17, 11:20 AM
    • 97 Posts
    • 31 Thanks
    dekkard
    And the new Ford Money Regular Saver is now unavailable having been available earlier today after its launch.

    Excess demand presumably ?
    Originally posted by dekkard
    Ford Money have said: "At present we are unable to say for certain if this product will be available again."
    • dekkard
    • By dekkard 13th Jun 17, 7:47 PM
    • 97 Posts
    • 31 Thanks
    dekkard
    Ford Money have said: "At present we are unable to say for certain if this product will be available again."
    Originally posted by dekkard
    Ford have now removed their Regular Savers pages from their website altogether. Looks like they won't be offering them again for a while (if ever)?
    • iamsam
    • By iamsam 13th Jul 17, 1:57 PM
    • 104 Posts
    • 96 Thanks
    iamsam
    From today Nationwide seem to have revised their regular saving offering to halve the monthly contribution level (£500 to £250/month):
    http://www.nationwide.co.uk/products/savings/flexclusive-regular-saver/features-and-benefits
    • Jo Blogs
    • By Jo Blogs 13th Jul 17, 2:09 PM
    • 751 Posts
    • 2,595 Thanks
    Jo Blogs
    Virgin Money - Regular E-saver Issue 6 - New as of today!
    Virgin Money - Regular E-saver Issue 6 - New as of today!

    Replacing Issue 5

    Regular E-Saver Issue 6 £250 pm 2.25% fixed rate - Interest paid Monthly or Annually

    There's also a parallel Store version for those who can easily get to one. (Issue 5) Interest paid Annually

    Here's the link: [Easy Access]

    http://uk.virginmoney.com/savings/find/results/#all
    Saved Nitty Gritty £7440.75 [149%] / £5000-[Sep] £58.44 for the 'Save 12k in 2017' #157
    2017 Womble #35 £3463.27 Sept NSDs 4/15CCCChl 9/12 months
    Sept PPChl#002 Pts 71
    • mhoc
    • By mhoc 13th Jul 17, 2:24 PM
    • 16,097 Posts
    • 199,828 Thanks
    mhoc
    From today Nationwide seem to have revised their regular saving offering to halve the monthly contribution level (£500 to £250/month):
    http://www.nationwide.co.uk/products/savings/flexclusive-regular-saver/features-and-benefits
    Originally posted by iamsam
    This is a really odd freeky coincidence.

    On my calendar today I noticed a reminder for July 15th which said open a new Flexclusive regular saver - my old one must have matured July 15th 2016 so I put the reminder on the calendar as it had to be 12 months between an old account closing and a new one opening.

    So I went through and it allowed me to open
    Flexclusive regular saver 2
    I was a bit confused when it only allowed me to put in £250 a month but at least it allowed me to do it even though its July 13th.
    I will know in a few days time if it has been successfully opened and not rejected.
    In the meantime I've adjusted all of the relevant calendars and forward projections excels.

    I've also done various search's and I now cant find any reference to there being a 12 month gap between an old account maturing and a new account opening. Perhaps I was told this over the phone? Or the rules have changed?
    “Create all the happiness you are able to create; remove all the misery you are able to remove. Every day will allow you, --will invite you to add something to the pleasure of others, --or to diminish something of their pains.”
    • mhoc
    • By mhoc 13th Jul 17, 2:30 PM
    • 16,097 Posts
    • 199,828 Thanks
    mhoc
    From today Nationwide seem to have revised their regular saving offering to halve the monthly contribution level (£500 to £250/month):
    http://www.nationwide.co.uk/products/savings/flexclusive-regular-saver/features-and-benefits
    Originally posted by iamsam
    My OHs Nationwide regular saver matures in January and he is paying in the full £500 - I wonder will we get an email about reducing the maximum or will he be allowed to continue at £500 ???

    Also my son opened one a few weeks ago but only with £1 - just started back into work - once his wages settle he really needs to be saving as much as he could, ideally as close to the full £500 a month - £250 is not going to be enough for his future plans
    “Create all the happiness you are able to create; remove all the misery you are able to remove. Every day will allow you, --will invite you to add something to the pleasure of others, --or to diminish something of their pains.”
    • karlie88
    • By karlie88 13th Jul 17, 2:34 PM
    • 8,304 Posts
    • 106,027 Thanks
    karlie88
    This is a really odd freeky coincidence.

    On my calendar today I noticed a reminder for July 15th which said open a new Flexclusive regular saver - my old one must have matured July 15th 2016 so I put the reminder on the calendar as it had to be 12 months between an old account closing and a new one opening.

    .............

    I've also done various search's and I now cant find any reference to there being a 12 month gap between an old account maturing and a new account opening. Perhaps I was told this over the phone? Or the rules have changed?
    Originally posted by mhoc
    Providing you had an eligible NW current account in July 2016, you could have opened another 5% regular saver the same day. There's never been a '12 month gap' term imposed with their 5% regular saver. I think you're getting confused with their 5% FlexDirect current account, which does have this term.
    Official MSE canny forumite and HUKD VIP badge member
    • karlie88
    • By karlie88 13th Jul 17, 2:39 PM
    • 8,304 Posts
    • 106,027 Thanks
    karlie88
    My OHs Nationwide regular saver matures in January and he is paying in the full £500 - I wonder will we get an email about reducing the maximum or will he be allowed to continue at £500 ???

    Also my son opened one a few weeks ago but only with £1 - just started back into work - once his wages settle he really needs to be saving as much as he could, ideally as close to the full £500 a month - £250 is not going to be enough for his future plans
    Originally posted by mhoc
    Your OH and son would've opened a Flexclusive Regular Saver. NW's new account is labelled Flexclusive Regular Saver 2. They can continue to deposit £500.
    Official MSE canny forumite and HUKD VIP badge member
    • jennyjj
    • By jennyjj 21st Jul 17, 9:27 PM
    • 224 Posts
    • 341 Thanks
    jennyjj
    Your OH and son would've opened a Flexclusive Regular Saver. NW's new account is labelled Flexclusive Regular Saver 2. They can continue to deposit £500.
    Originally posted by karlie88
    and it seems the new 250 limit was introduced
    "For Flexclusive Regular Saver accounts opened from 13 July 2017."
    • buyhighselllow
    • By buyhighselllow 21st Aug 17, 9:20 AM
    • 31 Posts
    • 25 Thanks
    buyhighselllow
    Hi

    Need to do a bit of planning

    I have a Flex Regular saver account that will mature in September (£500/month ). Can someone tell me if I will ( as things stand at the moment ) be offered another 5% regular saver and at what level of contribution 500 or 250..cheers


    And a second question...I've now managed to open another regular saver at 250/month..I thought you could only have one regular saver account per person ??
    Last edited by buyhighselllow; 21-08-2017 at 9:38 AM.
    • ColdIron
    • By ColdIron 21st Aug 17, 9:31 AM
    • 3,661 Posts
    • 4,403 Thanks
    ColdIron
    This is what I found on the Nationwide site, it's a good resource for Nationwide products
    http://www.nationwide.co.uk/products/savings/flexclusive-regular-saver/features-and-benefits
    • mhoc
    • By mhoc 30th Aug 17, 7:53 AM
    • 16,097 Posts
    • 199,828 Thanks
    mhoc
    Please can I ask does anyone think a Virgin Money - Regular E-saver Issue 7 might be launched in September?

    son is looking for another totally flexible regular saver - one that he can add to or withdraw at any time, ideally over 1.75% and ideally operate online. A few I thought might be suitable only allow one withdrawal a year and his income is not constant enough to have limited withdrawals.
    He has his Nationwide Flexclusive 5% and Virgin Money - Regular E-saver Issue 6 which really are all he needs but he has had a good salary month and its annoying him that he has money in his current account earning nothing
    I think I might get him to open a branch based one if another Virgin Money - Regular E-saver is not due
    “Create all the happiness you are able to create; remove all the misery you are able to remove. Every day will allow you, --will invite you to add something to the pleasure of others, --or to diminish something of their pains.”
    • ctdctd
    • By ctdctd 30th Aug 17, 8:08 AM
    • 853 Posts
    • 672 Thanks
    ctdctd
    Please can I ask does anyone think a Virgin Money - Regular E-saver Issue 7 might be launched in September?

    son is looking for another totally flexible regular saver - one that he can add to or withdraw at any time, ideally over 1.75% and ideally operate online. A few I thought might be suitable only allow one withdrawal a year and his income is not constant enough to have limited withdrawals.
    He has his Nationwide Flexclusive 5% and Virgin Money - Regular E-saver Issue 6 which really are all he needs but he has had a good salary month and its annoying him that he has money in his current account earning nothing
    I think I might get him to open a branch based one if another Virgin Money - Regular E-saver is not due
    Originally posted by mhoc
    Has he considered opening high interest current accounts either to replace or run alongside his non interest paying one?
    Do Money Saving sites make you buy more bargains - and spend more money?
    • Hattie625
    • By Hattie625 30th Aug 17, 12:27 PM
    • 624 Posts
    • 491 Thanks
    Hattie625
    Please can I ask does anyone think a Virgin Money - Regular E-saver Issue 7 might be launched in September?

    son is looking for another totally flexible regular saver - one that he can add to or withdraw at any time, ideally over 1.75% and ideally operate online. A few I thought might be suitable only allow one withdrawal a year and his income is not constant enough to have limited withdrawals.
    He has his Nationwide Flexclusive 5% and Virgin Money - Regular E-saver Issue 6 which really are all he needs but he has had a good salary month and its annoying him that he has money in his current account earning nothing
    I think I might get him to open a branch based one if another Virgin Money - Regular E-saver is not due
    Originally posted by mhoc
    Nothing is guaranteed with the timetable for the launch of new RS accounts, but Issue 7 of the Virgin Money Regular E Saver should launch on (or around) 13 September, with maturity date of 20 October 2018. (Issue 6 launched on 13 July, with maturity 20 August 2018). Best advice is to check the regular savings section of the Virgin Money website daily. Usually a kind soul on here will alert readers to a new launch on the day it happens.
    • dekkard
    • By dekkard 14th Sep 17, 4:28 AM
    • 97 Posts
    • 31 Thanks
    dekkard
    Nothing is guaranteed with the timetable for the launch of new RS accounts, but Issue 7 of the Virgin Money Regular E Saver should launch on (or around) 13 September, with maturity date of 20 October 2018. (Issue 6 launched on 13 July, with maturity 20 August 2018). Best advice is to check the regular savings section of the Virgin Money website daily. Usually a kind soul on here will alert readers to a new launch on the day it happens.
    Originally posted by Hattie625
    Virgin Regular Saver Issue 7 available now.
    • chamelion
    • By chamelion 22nd Sep 17, 6:36 AM
    • 157 Posts
    • 121 Thanks
    chamelion
    Provided you have more than £1k in savings, the Charter Savings Easy Access account paying 1.26% seems to beat the top two open to all regular saver accounts: Leeds Regular Saver (effective rate 1.24%) and the Virgin Money Regular Saver (effective rate 1.21%).

    Or am I missing something?
    Originally posted by dekkard
    What I don't get is why people would go for such a low rate regular savers when you have places like atom bank offering 1.9% for a year commitment - which is essentially what you'd do with a regular saver at potentially far lower return.
    Last edited by chamelion; 22-09-2017 at 9:23 AM. Reason: oops
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