Regular Saver Thread **New and Restarted**

colsten

polymaff wrote: »

Except that at 2% it is like comparing a car to, err, a similar car

Opinions vary what 'similar' is

The only similarity I can see is that both are savings accounts, both have an AER, and interest on both is taxable. Apart from that, the max amounts you can deposit into each are different, the interest is added at different times, the interest rate drops after different durations, one of them can be closed online etc etc - - - "similar" :rotfl:

Fingerbobs

colsten wrote: »

It looks as if you opened a 1 year E-ISA ?

I'm not so sure - the transcribed text does mention the "Regular E-Saver Issue 13." Perhaps the correct accont was opened, but there followed on the confirmation screen an advert for the "Featured Product" - a 1-year E-ISA?

polymaff

colsten wrote: »

Opinions vary what 'similar' is

The only similarity I can see is that both are savings accounts, both have an AER, and interest on both is taxable. Apart from that, the max amounts you can deposit into each are different, the interest is added at different times, the interest rate drops after different durations, one of them can be closed online etc etc - - - "similar" :rotfl:

Then I'll dumb it down a bit for you:

Whilst the rest of us ponder cars with engines of 1.5 to 2.0 litre capacity - be sure to let us know when you come across an aeroplane, circa. 17 litre, we might buy ....:)

Sheesh.

colsten

Matured Chorley Santa Saver cheque has arrived this morning.

With youthful naivety, I wanted to pay it into my Club Lloyds account through their mobile app. No such luck - £500 limit on cheques paid in through the app. Same at Halifax/BOS, HSBC and Barclays.

alexnnnu

Hi everyone,

Dumb question: I had one of the Nationwide regular savers at 5% which has just expired, should I open this new Virgin one or the Coventry one? Or even both? Pros/Cons? I am planning on maybe moving the money from the Nationwide into a different one but feed the RS from my salary (as much as I can?). Ta

Nessie23

alexnnnu wrote: »

Hi everyone,

Dumb question: I had one of the Nationwide regular savers at 5% which has just expired, should I open this new Virgin one or the Coventry one? Or even both? Pros/Cons? I am planning on maybe moving the money from the Nationwide into a different one but feed the RS from my salary (as much as I can?). Ta

Coventry gives you 2.5% and you can put in up to £500 per month. So consider Coventry first then Virgin Money which only gives 2% and is limited to £250 per month. Just in case have a look at the first page in this thread as you might find something better (depends who you bank with and where you live).

Erik_V_EyeKing

colsten wrote: »

It looks as if you opened a 1 year E-ISA ?

Not intentionally, I clicked the link posted on this site & then on the link under the 2.00% box.

polymaff wrote: »

If you have retained a screen grab, upload it to imgur.com then post the link they give you in this thread.

Can't post links yet, will do so once I'm off probation.

Fingerbobs wrote: »

I'm not so sure - the transcribed text does mention the "Regular E-Saver Issue 13." Perhaps the correct accont was opened, but there followed on the confirmation screen an advert for the "Featured Product" - a 1-year E-ISA?

Yes, but it said "we're opening your account". Seems a bit odd.

colsten

Erik_V_EyeKing wrote: »

Yes, but it said "we're opening your account". Seems a bit odd.

Whatever may have happened yesterday - - - what does your account say today? It should be fully opened by now, and show with its account title and its interest rate. If you have yet to make a deposit, the interest rate will show as 0.1% on the Regular E-Saver Issue 13. No idea what it would show as if you opened an ISA.

Erik_V_EyeKing

colsten wrote: »

Whatever may have happened yesterday - - - what does your account say today? It should be fully opened by now, and show with its account title and its interest rate. If you have yet to make a deposit, the interest rate will show as 0.1% on the Regular E-Saver Issue 13. No idea what it would show as if you opened an ISA.

Ha, just had a look - those boxes with the info relating to the rate etc seem to be an image.
There's now a grey box with the sad face & a right click reveals:
"uk.virginmoney.com unexpectedly closed the connection."

Not a good start.

badger09

colsten wrote: »

Matured Chorley Santa Saver cheque has arrived this morning.

With youthful naivety, I wanted to pay it into my Club Lloyds account through their mobile app. No such luck - £500 limit on cheques paid in through the app. Same at Halifax/BOS, HSBC and Barclays.

:cool: :think: