Regular Saver Thread **New and Restarted**

soulsaver

MDMD wrote: »

According to a post on this page, the Santander 5% RS may be withdrawn or have it’s rate cut on Tuesday

https://forums.moneysavingexpert.com/forumdisplay.php?f=17

Except it doesn't say that ...

MDMD

soulsaver wrote: »

Except it doesn't say that ...

It does now - copy and paste error

Basically someone had a call from Santander to tell them to renew their 5% on Monday before “the deal closes Tuesday”

soulsaver

MDMD wrote: »

It does now - copy and paste error

Basically someone had a call from Santander to tell them to renew their 5% on Monday before “the deal closes Tuesday”

I believe it's the ability to renew automatically 'deal' by setting up a new SO by Tuesday, before his current RS ends on Oct 6th.
.

colsten

Just a final update on my application for the Scottish Building Society Regular Saver: the passbook arrived in this morning's snail mail. The opening deposit (cheque) is dated today and has yet to come out of my current account. The remaining 11 deposits will go in via SO, starting on Monday.

The RS does not show online, which probably means that I'll have to get the money out by cheque on maturity. We'll see. Maybe they can transfer it into my online saver

All in, it took 5 working days to get the account opened, and I didn't need to send any ID as they had electronically verified me when I opened the online saver.

colsten

MDMD wrote: »

According to a post on this page, the Santander 5% RS may be withdrawn or have it’s rate cut on Tuesday

https://forums.moneysavingexpert.com/discussion/5901391/santander-5-savings

No need to panic. There's no general change to the Santander RS. It's merely that someone's RS is maturing and they are a bit confused over whether and how to continue with an RS, and with how interest on RSs work in general. Just ignore them. There's no general change to the Santander RS happening on Tuesday.

RG2015

colsten wrote: »

Looks a pretty clear pattern there to me. 9 - 11 - 1 - 3 -5 - 7 - 9 - 11 - 1 - 3 - 5 - 7. So the next number would be 9.

It looks like the pattern has been broken.

schiff

RG2015 wrote: »

It looks like the pattern has been broken.

I think Virgin may be regretting the 3% on the last one. In a way that could have been committing them to keep to that rate, when possibly the investors would have been very content with 2.75% and quite content with 2.5%.

If they offer less than 3% on the next one, it will seem like losing face. The solution could be one at 3% every other month, online and store combined.

:think:

RG2015

schiff wrote: »

I think Virgin may be regretting the 3% on the last one. In a way that could have been committing them to keep to that rate, when possibly the investors would have been very content with 2.75% and quite content with 2.5%.

If they offer less than 3% on the next one, it will seem like losing face. The solution could be one at 3% every other month, online and store combined.

:think:

It is quite strange that they increased the base rate on the 12 existing regular savers from 2.25% to 2.50% and then issued a new branch one at 3.00%. At the same time they closed their regular e-saver to new subscriptions which is also unprecedented.

Perhaps they have a new rabbit waiting in their hat.

interest_Ted

“
Looks a pretty clear pattern there to me. 9 - 11 - 1 - 3 -5 - 7 - 9 - 11 - 1 - 3 - 5 - 7. So the next number would be 9.
Originally posted by colsten
”It looks like the pattern has been broken.

As we know.......Virgin Money was bought out by Clydesdale and Yorkshire Bank in May. The 'merger' is quoted as taking place over next three years.

Personally I believe that the rate hikes and 3% offer were Virgins swansong to us all. And I rather doubt if we will see these attractions again, at least not in the near future.

Ted

pafpcg

RG2015 wrote: »

It looks like the pattern has been broken.

That's the pattern for the announcement of the Esaver accounts. From Virgin Money's perspective, isn't the pattern of when the accounts mature more important? In other words, we have until 20th October for the pattern to be completely broken (unless VM want to offer an 11th month regular saver).