Regular Saver Thread **New and Restarted**

glider3560

sully1311 wrote: »

Regarding the Virgin E Regular Saver maturing tomorrow - will the same amount of interest be accrued if the account is closed tomorrow or should it be closed on the 21st for the maximum amount of interest (even if it is only an extra couple of pence!)

It should be closed on the evening of the 19th to maximise interest....

The interest gets added on 19th as an uncleared transaction. It clears sometime between 8pm and 9pm.

People have found in the past you get paid the interest again if the account is closed after the interest clears on the 19th. On some occasions, people have reported Virgin have written asking for this to be refunded.

But to answer your question, since the interest is credited on the 19th, it doesn't make sense to wait until the 21st.

sully1311

glider3560 wrote: »

It should be closed on the evening of the 19th to maximise interest....

The interest gets added on 19th as an uncleared transaction. It clears sometime between 8pm and 9pm.

People have found in the past you get paid the interest again if the account is closed after the interest clears on the 19th. On some occasions, people have reported Virgin have written asking for this to be refunded.

But to answer your question, since the interest is credited on the 19th, it doesn't make sense to wait until the 21st.

Thanks for the info. I’m not going to take advantage of the loophole.

david78

sully1311 wrote: »

Regarding the Virgin E Regular Saver maturing tomorrow - will the same amount of interest be accrued if the account is closed tomorrow or should it be closed on the 21st for the maximum amount of interest (even if it is only an extra couple of pence!)

The account matures midnight tonight (19th). You can withdraw (or close) on the 20th (any time after midnight tonight).

quinquereme

Virgin regular saver issue 15 now available. 3% maturity date 1 March 2020. Open in store.
(I can’t link as a new user.)

veryintrigued

quinquereme wrote: »

Virgin regular saver issue 15 now available. 3% maturity date 1 March 2020. Open in store.
(I can’t link as a new user.)

You're about a week behind

https://forums.moneysavingexpert.com/showpost.php?p=75479641&postcount=1893

surreysaver

veryintrigued wrote: »

You're about a week behind

https://forums.moneysavingexpert.com/showpost.php?p=75479641&postcount=1893

You leave it too late, you'll struggle to get an appoinmtent in time for the first month's instalment. I only just scarped through to get an appointment for February 28th!

xylophone

You leave it too late, you'll struggle to get an appoinmtent in time for the first month's instalment. I only just scarped through to get an appointment for February 28th!

No trouble here - I rang on Weds, got appointment for Friday, arrived early and was asked to go in right away.

Frogletina

surreysaver wrote: »

You leave it too late, you'll struggle to get an appoinmtent in time for the first month's instalment. I only just scarped through to get an appointment for February 28th!

You obviously are not as well known at your Virgin Store as I am. I was phoned on Monday to say there was a new regular saver being issued and when did I want an appointment to come in!

frogletina

Special_Saver2

Hi Folks,

I have updated the Virgin Money regular saver entry on the first page of this thread. I will do another update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page

surreysaver

Frogletina wrote: »

You obviously are not as well known at your Virgin Store as I am. I was phoned on Monday to say there was a new regular saver being issued and when did I want an appointment to come in!

frogletina

Well, you say that, but tried to ring them. No answer, so sent an email. Response was 'we know who you are, so here's your appointment, don't bother bringing any identification'!