Northern Rock Exclusive Account 3.16%

meatandtwoveg

oldfella wrote: »

the bonus of 1.66% finishes 18 months after account opening

So in essence, currently recieving 3.12% monthly, my new rate will be 3.12 minus 1.66 = 1.46%...

May aswell open a Virgin instant saver, thats paying 1.5% monthly i think?

But thanks...:beer:

Stompa

meatandtwoveg wrote: »

So in essence, currently recieving 3.12% monthly, my new rate will be 3.12 minus 1.66 = 1.46%...

FWIW my email says:

On the 18 month anniversary of opening your account, your bonus will expire and your interest rate will be 1.50% Gross P.A/AER if you receive annual interest or 1.49% Gross P.A/1.50% AER if you receive monthly interest.

meatandtwoveg

Stompa wrote: »

FWIW my email says:

On the 18 month anniversary of opening your account, your bonus will expire and your interest rate will be 1.50% Gross P.A/AER if you receive annual interest or 1.49% Gross P.A/1.50% AER if you receive monthly interest.

And that is a big thankyou coming your way:beer:

I will just lesave it sitting there, fair play to Virgin, thought they might have hits the "0.1% sod you button"


Cheers ma:Tte

Stompa

meatandtwoveg wrote: »

I will just lesave it sitting there, fair play to Virgin, thought they might have hits the "0.1% sod you button"

Fortunately not, though their instant saver does have the advantage of unlimited instant access, and a marginally higher rate at 1.55%.

skitskut

If there's a maximum six notice-free withdrawals permitted (including closure) within any 12 month period from the date of account opening does anyone know what happens if you try to make a seventh? Is it refused or is there a notice period/penalty to be served? What's the most you can withdraw at once? I've already done five and want to withdraw most of it next month.

meatandtwoveg

Stompa wrote: »

Fortunately not, though their instant saver does have the advantage of unlimited instant access, and a marginally higher rate at 1.55%.

As i am travelling, i have no UK address, Virgin are aware of this, i still have full access to my cash. But i am not sure the system will allow me to open a new online account within my Virgin portal. If not, i have no choice to sit tight, but i might be lucky?

Thanks Stompa:T

2010

skitskut wrote: »

If there's a maximum six notice-free withdrawals permitted (including closure) within any 12 month period from the date of account opening does anyone know what happens if you try to make a seventh? Is it refused or is there a notice period/penalty to be served? What's the most you can withdraw at once? I've already done five and want to withdraw most of it next month.

I would make your next one, the 6th, the final one and take/move the lot.
I can`t find what happens if you make a 7th, here`s a link for the T&C:

http://bank.virginmoney.com/savings/PDF/Online_Reward_Exclusive-key_product_info.pdf

Have you made all five so far within 12 months, some may have been outside the 12 month period.

~Chameleon~

I've finally managed to log into my account which is apparently the first time since I opened it!

I made my initial deposit on 08/12/2011 so will my interest rate finish on 08/06/2013 ?

However, I'm concerned at the footnote at the bottom of my statement which says...

*Interest rate not what you expected? This may be because you haven’t paid in any money yet and until you do, your interest rate will be 0.10% as your cleared balance is under the minimum set for this account.

I haven't ever made any deposits or withdrawals on this account.


ETA: Ahhh don't worry, it says my interest rate is "online reward exclusive interest rate 3.16% Gross" at the top of the page. I misunderstood that the footnote related to all accounts.