Regular Saver Thread **New and Restarted**

abz88

Yorkshire_Pud wrote: »

Glad the Virgin RS is back, 14 months per account, hopefully a new issue every two months and instant access if required, quick to open each issue, the knowledge you have an issue maturing every two months. Works for me!:p

2% rate a bit dissapointing but in six months time it will probably seem pretty good.

Addendum reading the dedicated Virgin RegE Sav12 thread the double interest anomaly was finally fixed, so those hoping for the extra will be dissapointed! So its a flat 2% now. A lot less appealing.

This is my thinking as well. I am pretty much maxed out on RS until some mature Q1 next year but with a minimum monthly pay in of £1, its worth opening it and paying in the minimum until then as I can see rates dropping further next year!

colsten

abz88 wrote: »

Yorkshire Building Society still have an online RS that pays 2.5%

Can only open that one Branch or by post, which is a real PITA

Eco_Miser

YorkshireBoy wrote: »

But surely the days of the underlying 1.35% variable rate must be numbered? And the Virgin rate is fixed.

Possibly, but when they dropped from 1.5% to 1.45% they kept the underlying rate fixed and dropped the bonus.

Wheres_My_Cashback

Yorkshire_Pud wrote: »

2% rate a bit dissapointing but in six months time it will probably seem pretty good.

abz88 wrote: »

This is my thinking as well. I am pretty much maxed out on RS until some mature Q1 next year but with a minimum monthly pay in of £1, its worth opening it and paying in the minimum until then as I can see rates dropping further next year!

Agreed. shape of things to come I think.

And if you're already a Virgin customer with online access it takes 60-90 secs to open this account and then probably another 90 secs to set up the S/O.

Hardly onerous!

abz88

colsten wrote: »

Can only open that one Branch or by post, which is a real PITA

I didn't find it that bad to open. Requested the docs online and then sent them off with a cheque. Then once its open you can manage it online. My mortgage is with them though, so not sure if that makes it easier to open (no ID docs required to be sent off).

colsten

abz88 wrote: »

I didn't find it that bad to open. Requested the docs online and then sent them off with a cheque. Then once its open you can manage it online. My mortgage is with them though, so not sure if that makes it easier to open (no ID docs required to be sent off).

Compared with opening many other RSs, opening a YBS one is a real PITA. Why make us use paper application forms and cheques when everything can be done electronically as plenty of others do (Virgin, Lloyds, BoS, Halifax, even FD, M&S and HSBC!). Like you, I am also an existing YBS customer - have been for almost two decades.

JamesRobinson48

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.

surreysaver

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.

My Issue 18 matures next month; Issue 19 in January. Presumably 20 replaces 19?

quirkydeptless

JamesRobinson48 wrote: »

Principality BS: two new RSA issues.

Thanks, grabbed both of these.

Magic money tree is perking up a bit

:money: :xmastree::money:

colsten

surreysaver wrote: »

My Issue 18 matures next month; Issue 19 in January. Presumably 20 replaces 19?

yes, same interest rate and same monthly max but as mentioned, you can hold issue 20 alongside issue 19 - and presumably alongside issue 18, too. Issue 20 is marked as a limited edition, so I wouldn't keep contemplating for longer than absolutely necessary