Regular Saver Thread **New and Restarted**

schiff

ColdIron wrote: »

I thought it was a Spandau Ballet single

Not for disc-ussion on this thread

xylophone

Being slightly mischievous, I would suggest that the double interest issue is not a "problem" to be avoided, except for VM who do not seem at all keen to avoid it. I have had the double interest "problem" on each of Issues 1 to 4 of the Regular E Saver (Issue 4 was slightly different, but still resulted in a small overpayment), as well as on the Matchday Regular Saver. The first three times I contacted VM to point out the problem, but have since given up. The over payment has, on all occasions, been written off in my favour. It is in fact a bonus! Not, of course, that I would do anything to engineer it happening with E RS 5

Alas, I have never had this overpayment....now wondering whether I can engineer it.....:)

Or can I claim compo for never having benefited from this mistake....:rotfl:

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!