Regular Saver Thread **New and Restarted**

JamesRobinson48

Tipton & Costley has a new RSA out this morning, maturing on 31-Mar-2020, interest rate 2.00%. The previous edition maturing on 31-Jan-2020 has been withdrawn.

Unfortunately the website doesn't seem to make clear if one is allowed to have both editions, or not. Possibly there's something there I missed.

I phoned their HO at 09:00 to ask the question. After some toing and froing, the young lady indicated that because I already have the Jan-2020 edition, I can't also have the Mar-2020 edition. Only one at a time, she said.

Suggest others might like to pursue this also. I'm not convinced I've necessarily heard the last word on the matter.

aj23_2

vermania wrote: »

Nottingham BS Go for Gold Follow On matures on 31 January. They wrote with maturity options on 15 January:



Letter promptly sent off with passbook asking for a bank transfer.

Individually written letter arrives today, with passbook, saying (paraphrase) "we charge £30 for CHAPS transfers. Please confirm you want to pay £30 for a CHAPS transfer by return... Or we could pay a check."

No mention of BACS/Faster Payment at all - though not even ruled out in the original letter. Just a little bit annoying that the cheque will probably arrive on 4 February, pay in earliest 5 February with all the faff, but probably won't fully clear until 11 February.

Maybe it is worth sharing on this thread which institutions have not yet adopted Faster Payments for maturity payments. It's been around long enough and Nottingham BS is surely large enough to manage it. Surely, it is easier for them?

Any other such experience with them?

You've spent ages saving into it so waiting another week to receive the cheque and it clear won't hurt. That's their options for withdrawal, there's no point debating why they don't offer FP.

schiff

Never in the history of Virgin Regular Savers has so much snow got in the way of my proposed visit to collect from my matured Virgin Regular Saver Issue 8.

quirkydeptless

schiff wrote: »

Never in the history of Virgin Regular Savers has so much snow got in the way of my proposed visit to collect from my matured Virgin Regular Saver Issue 8.

Possibly Richard Branson has recently created Virgin Weather

schiff

Some tiny suggestion in our chat that 'there may be something in the offing'. I suppose it could be an online version, as the difficulty of out-of-towners in getting to a store to open store versions was mentioned.

surreysaver

schiff wrote: »

Some tiny suggestion in our chat that 'there may be something in the offing'. I suppose it could be an online version, as the difficulty of out-of-towners in getting to a store to open store versions was mentioned.

Perhaps as people have been receiving letters asking for the overpayments of interest back, maybe Virgin have fixed the issue, and will begin to offer online regular savers again?

Wardeva

I'm wondering if there is any limit to the number of regular savers accounts I can have - for instance one with Halifax, one with Bank of Scotland, one with Virgin - all running at the same time? I hadn't thought of it before and can't find the answer yet. Thanks for any help.

xylophone

I'm wondering if there is any limit to the number of regular savers accounts I can have

Only the amount you can save.....

veryintrigued

surreysaver wrote: »

Perhaps as people have been receiving letters asking for the overpayments of interest back, maybe Virgin have fixed the issue, and will begin to offer online regular savers again?

I've been receiving these letters for 18months!

I have my doubts whether they'll.be anymore online RS from Virgin.

MDMD

surreysaver wrote: »

Perhaps as people have been receiving letters asking for the overpayments of interest back, maybe Virgin have fixed the issue, and will begin to offer online regular savers again?

I think it’s highly unlikely they are even attempting to fix it. They are planning on scrapping the existing VM online set up and using the CYBG platform

https://www.finextra.com/newsarticle/32945/cybg-cans-virgin-money-deal-with-antony-jenkins-startup