Regular Saver Thread **New and Restarted**

solartom

RE: VIRGIN RS
when i opened my latest store rs it was mentioned that yorkshire bs does not(like) favour passbooks
what that means in the long term i do not know but it could indicate that below post is on the(pardon the pun) money
“
As per my previous post - manager expects it to go back online and perhaps exclusively so...
Originally posted by Mee"

Eco_Miser

solartom wrote: »

RE: VIRGIN RS
when i opened my latest store rs it was mentioned that yorkshire bs does not(like) favour passbooks
what that means in the long term i do not know but it could indicate that below post is on the(pardon the pun) money

Since the Yorkshire Building Society has nothing to do with Virgin, I don't get the relevance.
The attitude of Clydesdale Bank, which also trades as Yorkshire Bank, and soon as Virgin Money, may be relevant.
However as the former shareholders of Virgin are now shareholders of Clydesdale, corporate attitudes may have changed.

solartom

thank you
did not realise the difference
you learn something every day

veryintrigued

Apologies about talking about an old account but wonder if those who opened this account can remember big it was ever clarified what the withdrawal rules were.

I have it documented that the pdf given with the account says no withdrawals but the internet info for this stated two withdrawals per calendar year.

Thanks in advance

Newly_retired

My product information sheet says no withdrawals allowed.

schiff

The official fact-sheet says: 'You cannot make withdrawals until after the maturity date. As we don't allow withdrawals you need to be sure you won't need access etc etc. You can miss as many payments as you like'.

20SmthngSver

veryintrigued wrote: »

Apologies about talking about an old account but wonder if those who opened this account can remember big it was ever clarified what the withdrawal rules were.

I have it documented that the pdf given with the account says no withdrawals but the internet info for this stated two withdrawals per calendar year.

Thanks in advance

I've just bought a house and I wanted to get the money out. You don't have to make a deposit each money, so it's £0-£200 a month and you can make as many deposits as you like provided it doesn't go over £200 collectively for the month, but withdrawals, whether partial or full and closure, are not permitted at all during the term. It has no access. So I have to leave it until 1st December and you will too.

20SmthngSver

steveouk wrote: »

Hi everyone.

Been reading this thread with interest (no pun intended!).

Wondered how many regular saver accounts is the most / average that everyone has? We are going to be building up to around 7 accounts.

Have you managed to make much interest by rotating the money around?

I know a lot of people say they have a lot, but it can take years to build up so you get to the point where matured savers can fund new savers. I started with two RS and it took me three years to get to five ( as well as HTB ISA and LISA). But in reality, most people do no have that many at the same time.

polymaff

steveouk wrote: »

Have you managed to make much interest by rotating the money around?

In terms of time expended versus extra income generated relative to using simple savings and bank accounts - the return is pretty low nowadays.


On the other hand, most MSEers are driven by the thrill of the chase rather than by such cool logic.

schiff

surreysaver wrote: »

Not quite the same thing as available only to locals. I can travel 200 miles to my nearest branch as I've got the time and it doesn't cost me anything....

You must have the very latest model of Firebolt