Regular Saver Thread **New and Restarted**

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  • Sea_Shell
    Sea_Shell Posts: 9,399 Forumite
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    Just had our emails too.:j:j
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.31% of current retirement "pot" (as at end March 2024)
  • Speculator
    Speculator Posts: 2,225 Forumite
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    Had the email also for issue 7.

    Probably the first time ever a bank has increased the rate of a Fixed Rate product.
  • veryintrigued
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    karlie88 wrote: »
    Assuming they increase the rate on Issues 8-12, this will make for a nice little 0.5% bonus that I wasn't expecting. :D

    0.5%?

    Am I missing something?
  • veryintrigued
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    Virginia Money Regular E Saver 7

    Yes, it's fixed. Presumably you can refuse to accept the rise.

    Issue 7 is the oldest unmatured Regular E Saver. I expect VM will be working through Issues 8 to 12 increasing the rate by 0.25pc.

    Their email intimates it's related to the BoE rise.

    Why didn't they reflect the last rise in their rates?!
  • ColdIron
    ColdIron Posts: 9,058 Forumite
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    I've just received the same announcement for Virgin's Regular E-Saver Issue 8. Same 2.50% starting from September 1st. Looks like they might be going through each issue one at a time

    Thank you Virgin
  • schiff
    schiff Posts: 20,099 Forumite
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    0.5%?

    Am I missing something?

    I think the excitement has got through to karlie :)
  • 1882
    1882 Posts: 496 Forumite
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    Very nice of them - I suspect it's related to the easy withdrawal and the newer edition at 3% being more attractive and taking money from the older ones to fund it which will be less tempting now.
  • karlie88
    karlie88 Posts: 9,114 Forumite
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    0.5%?

    Am I missing something?

    Maybe you are...maybe you're not.

    Those magical few hours on the 19th of certain months.....:D
    :grouphug: :D Official MSE canny forumite and HUKD VIP badge member :D :grouphug:
  • surreysaver
    surreysaver Posts: 4,105 Forumite
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    I wonder if they'll be doing the same for the in-branch versions too? Will be interesting to see if they do a 3% E-Saver, either starting this month or next month.
    I consider myself to be a male feminist. Is that allowed?
  • veryintrigued
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    karlie88 wrote: »
    Maybe you are...maybe you're not.

    Those magical few hours on the 19th of certain months.....:D

    Right - I now understand but that's counting your chickens that things don't change with their systems.

    I hope you're right.
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