Regular Saver Thread **New and Restarted**

schiff

bristolleedsfan wrote: »

Cheques start clearing on a Saturday do they ????

I think they take two working days, hence mine hopefully will clear as I was told, on Tuesday. It looks as if Saturday is included in working days (if it works out as I was told - I don't have much experience of cheque clearing).

bristolleedsfan

schiff wrote: »

I think they take two working days, hence mine hopefully will clear as I was told, on Tuesday. It looks as if Saturday is included in working days (if it works out as I was told - I don't have much experience of cheque clearing).

No apparent advantage depositing a cheque on a Saturday.


"If a customer pays in a cheque on a weekday (Monday to Friday) and it is cleared via the new system, then they will be able to withdraw the funds by 23.59 on the next weekday (excluding bank holidays) at the latest."

http://payontime.co.uk/cheques-and-cheque-clearing/cheques-and-the-cheque-clearing-system

"The clearing system works within a three working day period (it does not operate on Saturdays, Sundays or Bank Holidays)"

polymaff

veryintrigued wrote: »

The Virgin RS massive hijack this thread again.

:-)

"Never in the field of human conflict was so much chattered by so many to so few ends"

Eco_Miser

This is the first month that Virgin Money is a just trading name of Clydesdale Bank, along with Yorkshire Bank and 'B'.

Nessie23 wrote: »

Apart from the new regular saver being online interest rate will drop to 2%

For me, getting this account would involve opening the account, setting up online banking with Virgin, setting up the feeding SO (involving two SCA interactions), and each month ensuring the requisite £250 was in the sending account in due time, all for £10 - £12 above what I'd get leaving the money in Marcus at 1.5%. So, thanks, but no thanks.

I wonder if there'll be in in-branch issue 20 in December?

schiff

Eco_Miser wrote: »

This is the first month that Virgin Money is a just trading name of Clydesdale Bank, along with Yorkshire Bank and 'B'.

For me, getting this account would involve opening the account, setting up online banking with Virgin, setting up the feeding SO (involving two SCA interactions), and each month ensuring the requisite £250 was in the sending account in due time, all for £10 - £12 above what I'd get leaving the money in Marcus at 1.5%. So, thanks, but no thanks.

I wonder if there'll be in in-branch issue 20 in December?

You are choosing practicality over squeezing out the odd pound or two.

As I am. There comes a time.

quirkydeptless

veryintrigued wrote: »

The Virgin RS massive hijack this thread again.

:-)

The MSE Virgin massive when they see the Virgin RS mentioned on this thread...


:happyhear:grinheart:blushing::iloveyou::smileyhea:happylove:happyhear:lovethoug:happyhear:grinheart:blushing::iloveyou::smileyhea:happylove:happyhear:lovethoug

schiff

quirkydeptless wrote: »

The MSE Virgin massive when they see the Virgin RS mentioned on this thread...

Isn't it size-ist to call people massive?

Poor_Leno

Eco_Miser wrote: »

all for £10 - £12 above what I'd get leaving the money in Marcus at 1.5%. So, thanks, but no thanks.

I wonder if there'll be in in-branch issue 20 in December?

Are you sure about these figures ?

3250 drip fed from Marcus @250 per month over the 13 month term earns 24.37 interest just from the drip feed + 56.87 from the money transferred into the RS over that time. That is a total of 81.24 interest earnt for the same pot of money that would earn 52.81 being just left in the Marcus.

I guess if there's a distance involved in opening and setting up the account then I agree it'd seem worthless to spend half a tank of fuel in the process ... But if you're near a branch then almost £30 extra interest would be worth it.

RG2015

Poor_Leno wrote: »

Are you sure about these figures ?

3250 drip fed from Marcus @250 per month over the 13 month term earns 24.37 interest just from the drip feed + 56.87 from the money transferred into the RS over that time. That is a total of 81.24 interest earnt for the same pot of money that would earn 52.81 being just left in the Marcus.

I guess if there's a distance involved in opening and setting up the account then I agree it'd seem worthless to spend half a tank of fuel in the process ... But if you're near a branch then almost £30 extra interest would be worth it.

This discussion is about the new Virgin Money online regular saver at 2% pa not the 3% branch only account.

Poor_Leno

ah ok, my apologies. As you were folks