Regular Saver Thread **New and Restarted**

gwapenut

Enough with the virgin chit-chat already!!!!

Should we start a specifically non-virgin regular saver thread?

xylophone

Should we start a specifically non-virgin regular saver thread?

At the rate things are going, (Leeds and Nationwide abandoning the effort) they might end up the only kids on the block!:eek:

20SmthngSver

From reading comments about, people have said about a specific thread for Virgin Money's Regular Saver as it generates so much discussion on this regular saver wide thread.

I've been bold and created one:

https://forums.moneysavingexpert.com/discussion/comment/75881300#Comment_75881300

EarthBoy

polymaff wrote: »

Disability Discrimination Act 1995 s.19 and s.21

21 Duty of providers of services to make adjustments.

(1)Where a provider of services has a practice, policy or procedure which makes it impossible or unreasonably difficult for disabled persons to make use of a service which he provides, or is prepared to provide, to other members of the public, it is his duty to take such steps as it is reasonable, in all the circumstances of the case, for him to have to take in order to change that practice, policy or procedure so that it no longer has that effect.


Shame on Virgin, when the remedy is obvious. All products to be offered on-line.

polymaff wrote: »

the key difference wiith regard to the disabled is that, right now, there is legislation with respect to the disabled which Virgin Money are choosing to ignore.

And the remedy is so, so simple.

Virgin Money are not ignoring the legislation; you're just twisting it to suit yourself. The remedy might be simple to you, but they only have to take reasonable steps to ensure that disabled people can access their services, they don't have to set up a completely new system to do it. Virgin are by no means the only financial institution to offer accounts that are only available in branch, -several of the smaller building societies do the same.

katsu

I'm quite happy that different RS accounts are covered in this thread as the posts come and go around maturity etc. A few weeks ago it was Chorley themed. Without the posts on here a while ago I wouldn't have realised I could have multiple active Virgin RS, as I thought it was one at a time not one of each issue, so for me the posts are helpful or don't take long to skim over

veryintrigued

katsu wrote: »

I'm quite happy that different RS accounts are covered in this thread as the posts come and go around maturity etc. A few weeks ago it was Chorley themed. Without the posts on here a while ago I wouldn't have realised I could have multiple active Virgin RS, as I thought it was one at a time not one of each issue, so for me the posts are helpful or don't take long to skim over

I thought it was etiquette to only identify new issues on this thread to help others and the O.P.

The predicable arguements and tangents could be housed in their own thread or here:

https://forums.moneysavingexpert.com/discussion/966321/regular-savings-accounts-article-discussion

schiff

Though I've been with Santander for a long time, I didn't know you could do this. In a branch today to deposit cash I found out by chance that you can arrange a switch from a matured current RS (mine matures on 26/6) to a new one just by telling an adviser. You tell them you will want the new one (it's only 3% of course but still worth having) and they will move the balance of the old to the current account and start the new one on the day. I will have nothing to do!

It may help.

[this post has been carefully screened to remove any reference to V****N in the interests of world peace]

20SmthngSver

Isn't this just where you tell them you want to continue with the same standing order and the old/matured RS balance moves back to your current and reverts to £0 and starts again so the RS stays open ready for the next 12 months without having to change the standing order details or account info. I thought that was common knowledge.

20SmthngSver

Chorley BS was a one-off and wasn't too long. But Virgin Money seems to be almost weekly and certainly monthly. Every issue sparks lengthy discussions.

I was just suggesting that key product info be discussed here, such as rate, new issues, operation etc with the mechanics and more involved technical questions on a dedicated thread just so it makes this thread, which is about all regular savers, easier to navigate and less congested with just one provider.

youngretired

Santander changed this last June, where it will naturally roll over to a new one and transfer your funds to your current account (this is not on maturity date).

Even though they stipulate that this will only happen if you have a SO in place upon maturity, this isn't the case as with 4 of ours (family) they automatically rolled them over even though we didn't have SO's in place.

They naturally start the new one from the maturity date, so if you don't have a SO in place then you lose some interest or the other option would be to close it and re-open another 1.