Regular Saver Thread **New and Restarted**

Speculator

Every_Penny_Counts wrote: »

Just had a call from Virgin Haymarket cancelling my December appointment. They said that they have been informed that all future Regular Savers will be online only & they are to cancel any pre booked appointments for opening them....

I've found in the past that the Branch staff are less informed than members of this forum so we shall see what happens in December....

Same see https://forums.moneysavingexpert.com/discussion/6067246

Badger09 already broke the news on this thread on Friday. see https://forums.moneysavingexpert.com/discussion/5776240/regular-saver-thread-new-and-restarted&page=153#topofpage

Placitasgirl

We were at the VM Lounge on Friday and were also told that all future RS will be online only.... at a lower interest rate than applied to the branch only offerings attracted.

Mee

I think many of us have aluded to this as a possibility if not a likelihood.

polymaff

Placitasgirl wrote: »

We were at the VM Lounge on Friday and were also told that all future RS will be online only.... at a lower interest rate than applied to the branch only offerings attracted.

So perhaps Virgin do have a conscience, after all.


Don't link it to the drop in rates. HSBC have virtually halved their RS rates - and you'd be hard-pushed to try to convince anyone that they have a conscience...:)

typistretired

JamesRobinson48 wrote: »

Principality BS: two new RSA issues

(1) “Christmas 2020” RSA: 2.70% pa fixed rate, 12 months term, however the max is a derisory £125 pm,

and

(2) “1 Year” RSA, 20th issue: 2.00% pa fixed rate, 12 months term, max £500 pm. Importantly, this issue can be held alongside the existing (very similar) 19th issue.]

Oh, and there is also a new "Learner Earner" RSA issue launched today, at a lower rate than the previous issue.

Thanks for this! Just opened the Christmas and No 20 online much easier than last year- with them now allowing you to log back in to complete application - no additional IDs needed to be cancelled.

polymaff

JamesRobinson48 wrote: »

Principality BS: two new RSA issues

(1) “Christmas 2020” RSA: 2.70% pa fixed rate, 12 months term, however the max is a derisory £125 pm,

and

(2) “1 Year” RSA, 20th issue: 2.00% pa fixed rate, 12 months term, max £500 pm. Importantly, this issue can be held alongside the existing (very similar) 19th issue.]

Oh, and there is also a new "Learner Earner" RSA issue launched today, at a lower rate than the previous issue.

Their "month", by the way, is a calendar month, so you can squeeze that extra bit of interest out of the account.

typistretired

The difference with these regular savers is that they seem to start in November and mature the following November whereas previous regular saver matured a month after 12th deposit was made i.e my number 19 has full £6000 in it but interest will be added in December.

soulsaver

Some may not be impressed with the new Principality Christmas Reg Saver at 2.7% 'cos of 'only' £125 pm allowance... but consider if you do both, that and the £500@2% you get a reg saver equiv of £625 pm @c. 2.14% for a couple of minutes extra work.. if that.

My boots? They are filled.

Poor_Leno

I assume you already have a Coventry BS Reg Saver for 500pm @ 2.5% ?

Ellie78

Does anyone know how HSBC calculate their monthly interest in their RS?

I luckily managed to open their 5% saver just before they withdrew it and first transfer in was on 17th. Do I have to stick to that date for every monthly transfer or can I squeeze some extra interest out by paying in on the 1st of each month?