Regular Saver Thread **New and Restarted**

EachPenny

karlie88 wrote: »

I may be wrong, and feel free to correct me, but those who are going to close and transfer their VM Reg E-Saver Issue 5 account later tonight are likely to have 'double interest' issues. If I recall correctly, to avoid this problem you should close the account on 21st June.

Does it matter where the funds are transferred to? For example, would a transfer to an account with Virgin which is a maturity one from a previous Reg E-saver result in this annoying and frustrating problem? Thanks for the remainder and help to avoid such difficulties.

aj23_2

schiff wrote: »

Don't know, never had one

Go for Gold and Sports Saver were both 4% and were taken off sale in September 2016.

karlie88

EachPenny wrote: »

Does it matter where the funds are transferred to? For example, would a transfer to an account with Virgin which is a maturity one from a previous Reg E-saver result in this annoying and frustrating problem? Thanks for the remainder and help to avoid such difficulties.

I don't think that matters. I think it's to do with the timing of closure i.e. if you close it early whilst there are uncleared transactions.

[Deleted User]

Virgin Money Regular E Saver Issue 5 (maturity 20 June)

This is now showing online as Easy Access account (the maturity account) but no interest yet showing.

[Deleted User]

Deleted_User wrote: »

Virgin Money Regular E Saver Issue 5 (maturity 20 June)

This is now showing online as Easy Access account (the maturity account) but no interest yet showing.

Closing interest (£19.39) now showing as uncleared. Interest was credited mid-term on 11 March.

tg99

Deleted_User wrote: »

Closing interest (£19.39) now showing as uncleared. Interest was credited mid-term on 11 March.

On trying to close mine I just got an error message: Unfortunately we cannot process this request, as the selected account has uncleared transactions. You can view these transactions within your statement.

karlie88

tg99 wrote: »

On trying to close mine I just got an error message: Unfortunately we cannot process this request, as the selected account has uncleared transactions. You can view these transactions within your statement.

It'll clear within the next hour or two.

schiff

What's the rush? It's not a Friday!

karlie88

schiff wrote: »

What's the rush? It's not a Friday!

Free wonga! :money:

Compensation! :money:

Wonga compensation! :money:

(I got a 1st class degree from the University or Mchambers).

tg99

karlie88 wrote: »

It'll clear within the next hour or two.

But my error message implies that they have corrected the double interest issue in that you cannot now close the account early whilst there are uncleared transactions?