Regular Saver Thread **New and Restarted**

bubieyehyeh

Can you see the balance on the virgin store regular savers accounts from virgin internet banking?

surreysaver

bubieyehyeh wrote: »

Can you see the balance on the virgin store regular savers accounts from virgin internet banking?

In a word. No.

sjp999

bubieyehyeh wrote: »

Can you see the balance on the virgin store regular savers accounts from virgin internet banking?

Once I get a few up and running I'm going to take a child like thrill passing my growing number of passbooks over the counter to be updated. I think I might even get as much fun out of this than the actual saving

Westie983

Speculator wrote: »

Opened the Virgin 3% Regular at Haymarket today and she said to close or withdraw from the account, I must visit the store.

I cannot close or withdraw from the account by post.

I have closed previous store issues via post and not had a problem, unless it's a new T&C you have been given wrong information, I wasn't told of any new T&Cs when I opens the latest one.

Westie983

Westie983

bubieyehyeh wrote: »

Can you see the balance on the virgin store regular savers accounts from virgin internet banking?

No you can only see the E Saver Regular Savers online, the balances are in the passbooks when they are updated in branch either at maturity or when you pass a branch.

Westie983

Sea_Shell

Re: Virgin RS's.

It seems quite bizarre at the moment that the more labour intensive, high overhead account....i.e. the Store RS, is paying more interest than the E-saver, where no staff or passbook required. You'd think it should be the other way round!!

schiff

Sea_Shell wrote: »

Re: Virgin RS's.

It seems quite bizarre at the moment that the more labour intensive, high overhead account....i.e. the Store RS, is paying more interest than the E-saver, where no staff or passbook required. You'd think it should be the other way round!!

Could it not simply be that following the change in base rate Virgin elected to pay 3% on new accounts and that the 'turn' of the store version was next out of the blocks? The next online version at 3% should prove my point.

aleph_0

schiff wrote: »

Could it not simply be that following the change in base rate Virgin elected to pay 3% on new accounts and that the 'turn' of the store version was next out of the blocks? The next online version at 3% should prove my point.

I think there are two possibilities here. One is along the lines of your scenario. They've gone off-cycle with this new issue (only a month after the previous one). It could be that we will get a new e-Regular saver in about a weeks time, or in a week+month when the next e-Regular was due.

The other possibility is that they've deliberately made it branch-only. Which at first glance doesn't make sense, with the costs of account opening. But at 3%, it's definitely a loss-leader, and there might be the hope of building relationship/identifying additional needs if visiting in person. The question is how many new accounts the big signs in the windows attract over the regular saver collector crowd.

liamcov

What is everyone's experience (time wise) of opening the Virgin store regs?

It's been between 20-50 minutes for each of mine. I've started saying I only have 30 mins due to parking and that seems to hurry them up and cut out the legal bits etc.

Elvie100

aleph_0 wrote: »

I think there are two possibilities here. One is along the lines of your scenario. They've gone off-cycle with this new issue (only a month after the previous one). It could be that we will get a new e-Regular saver in about a weeks time, or in a week+month when the next e-Regular was due.

The other possibility is that they've deliberately made it branch-only. Which at first glance doesn't make sense, with the costs of account opening. But at 3%, it's definitely a loss-leader, and there might be the hope of building relationship/identifying additional needs if visiting in person. The question is how many new accounts the big signs in the windows attract over the regular saver collector crowd.

I called my local 'branch' on Friday as I was meant to go in and open an account but got delayed so have had to postpone. I asked if they would be having another online version and was told there were no plans to and they decided to limit it to branch only since they upped the interest rate to see how things go. Time will tell!