Regular Saver Thread **New and Restarted**

Sea_Shell

Just had our emails too.:j:j

Speculator

Had the email also for issue 7.

Probably the first time ever a bank has increased the rate of a Fixed Rate product.

veryintrigued

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.

0.5%?

Am I missing something?

veryintrigued

Deleted_User wrote: »

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

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

veryintrigued wrote: »

0.5%?

Am I missing something?

I think the excitement has got through to karlie

1882

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

veryintrigued wrote: »

0.5%?

Am I missing something?

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

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

surreysaver

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.

veryintrigued

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.