Regular Saver Thread **New and Restarted**

snowqueen555

It seems you need a current account for all the 5% offers.

Fingerbobs

adindas wrote: »

"Special conditions: You must have a Cumberland BS current account."

Now Try to open a current account with them if you are not living in their operating areas.

It is also already discussed on MSE.
https://forums.moneysavingexpert.com/discussion/1781025/cumberland-building-society-current-account-s

Thing has not changed since then

My point is that you don't find out about the geographical restrictions until you start researching the product yourself, which is what happened to me.


The information in Post #5 leads me to believe that I could open both the current account and the regular saver as long as I could get to a branch, which isn't the case.


If this had been mentioned here, I could have scratched the account from my shortlist straight away. I still think it would be helpful to mention the geographical restrictions here.


Only trying to be helpful, and save others going down the same blind alley that I've just been down :-)

soulsaver

Fingerbobs wrote: »

My point is that you don't find out about the geographical restrictions until you start researching the product yourself, which is what happened to me.


The information in Post #5 leads me to believe that I could open both the current account and the regular saver as long as I could get to a branch, which isn't the case.


If this had been mentioned here, I could have scratched the account from my shortlist straight away. I still think it would be helpful to mention the geographical restrictions here.


Only trying to be helpful, and save others going down the same blind alley that I've just been down :-)

Dead horse, mate - it was crystal at your first post.

emc

adindas wrote: »

I understand that all of the VM Regular Saver eSaver has increased from 2.25% to 2.5%. I also found the email sent to me confirming this.

I remember that this is also the case to old branch regular saver, but I could not find any of my documentation confirming this.

Is it correct that the old branch regular saver (not newly open) is now paying 2.5%. Thanks

Virgin Money letter received 31/08/18, referring to increase in rate from 2.25% to 2.5% for Regular Saver issues 7, 8, 9, and 11.

RG2015

adindas wrote: »

I understand that all of the VM Regular Saver eSaver has increased from 2.25% to 2.5%. I also found the email sent to me confirming this.

I remember that this is also the case to old branch regular saver, but I could not find any of my documentation confirming this.
Is it correct that the old branch regular saver (not newly open) is now paying 2.5%. Thanks

Issues 6 to 11 have been increased to 2.50% from 1st October and Issues 12 and 13 are 3.00%. I imagine that the 3% on Issue 12 also took effect on 1st October but cannot be sure.

You can see details of all old VM savings accounts on the link below.

https://uk.virginmoney.com/savings/helpful-information/find-your-interest-rate/

rob37uk

Halifax & Bank Of Scotland Regular Saver

I see both Halifax and Bank of Scotland have REDUCED their regular saver from 2.5% to 2.0% (fixed) for new accounts. Existing ones continue at 2.5%. It also seems that NO withdrawals allowed during the year for the Halifax version although BofS do allow withdrawals.

aj23_2

rob37uk wrote: »

Halifax & Bank Of Scotland Regular Saver

I see both Halifax and Bank of Scotland have REDUCED their regular saver from 2.5% to 2.0% (fixed) for new accounts. Existing ones continue at 2.5%. It also seems that NO withdrawals allowed during the year for the Halifax version although BofS do allow withdrawals.

You couldn't withdraw Halifax at 2.5% either.

youngretired

Lloyds have reduced there normal monthly saver to 2% and the Club Lloyds monthly saver from 3% to 2.5%.

schiff

rob37uk wrote: »

Halifax & Bank Of Scotland Regular Saver

I see both Halifax and Bank of Scotland have REDUCED their regular saver from 2.5% to 2.0% (fixed) for new accounts. Existing ones continue at 2.5%. It also seems that NO withdrawals allowed during the year for the Halifax version although BofS do allow withdrawals.

My two existing both mature on December 1st. If that's the rate of the continuation I won't be continuing. I'm not being tied in to 2% for 12 months.

karlie88

schiff wrote: »

My two existing both mature on December 1st. If that's the rate of the continuation I won't be continuing. I'm not being tied in to 2% for 12 months.

Similar position to yourself - don't think I'll be renewing the Halifax one at 2%.

However, I still consider the Lloyds 2% and BoS 2% regular savers as good savings accounts when you consider them as easy access accounts (albeit with small monthly deposits).

Think I'll continue as long as they remain easy access and providing other easy access accounts are below 2%.