Regular Saver Thread **New and Restarted**

liamcov

It's strange as no letter as such - just a booklet with account options on and a 'renewal form' to make my selection.

On the form one option is 're-deposit your funds with Saffron' and has a list of accounts, one of which is the 3.5% regular.

I'll just tick and see what comes back :cool:

surreysaver

Speculator wrote: »

details now on the ybs website.

https://www.ybs.co.uk/savings/regular/index.html

Appears to be a 1 year account.

Save up to £250 per month for 1 year
£250 per month saved at 2.50% gross p.a./AER would lead to gross interest of £40.79 at the end of the 12 month period

I presume you can open this account at the same time as having their £500pm two-year 2% Regular Saver? I cannot see anything in the T&Cs saying you cannot.

veryintrigued

surreysaver wrote: »

I presume you can open this account at the same time as having their £500pm two-year 2% Regular Saver? I cannot see anything in the T&Cs saying you cannot.

Yes.

Some of us have two of the two year Yorks RS running too! (One formally a N&P one).

Speculator

Annoying that you can't simply download and print the application form to send off. like other Building Societies.

liamcov

surreysaver wrote: »

I presume you can open this account at the same time as having their £500pm two-year 2% Regular Saver? I cannot see anything in the T&Cs saying you cannot.

I can't see that one on their website - is it closed now for new customers?

glider3560

Speculator wrote: »

Annoying that you can't simply download and print the application form to send off. like other Building Societies.

What an efficient and cost effective way to run a business in 2018 :rotfl:


Sending out (and paying for print/postage) of a booklet and form, probably to only receive a small fraction of them back, when they could easily put the form online to print, or even make it an online form.


Especially odd since one of the account selling points is "Manage your account online"!

JamesRobinson48

Virgin Money - Store RS scoop!?

I just took a phone call from an employee of my local Virgin Money "store", to the effect that a new Store RS is to be launched tomorrow 3rd August: usual deal except for the interest rate which will be ... 3.0%!

I pass this rumour on for what it's worth, i.e. hopefully will transpire but not necessarily entirely reliable. Perhaps others are getting similar calls from their regular contacts in VM?

sjp999

Not confirmation as such but I've just made an appointment for tomorrow to open a new branch Regular Saver, lass on the phone knew I had the previous version so it sounds like the launch tomorrow (confirmed) may well be for an RS.

mhoc

glider3560 wrote: »

What an efficient and cost effective way to run a business in 2018 :rotfl:


Sending out (and paying for print/postage) of a booklet and form, probably to only receive a small fraction of them back, when they could easily put the form online to print, or even make it an online form.


Especially odd since one of the account selling points is "Manage your account online"!

Yes exactly. We are fortunate to have a local YBS brand so I opened mine in branch which fortunately was empty this afternoon. Even though he could see all of my details online he still had to read me out all of the blurb, print forms off and even then he could not take any cash off me - I still had to take the new book to the counter to add money.
Anyway all I have to do is to set up the standing order now

Speculator

Might make a trip to London with my wife to open the Virgin 3% regular saver if it's confirmed.

I've open numerous online regular savers with Virgin but but have never opened the Branch version.

Does anyone know what happens at maturity? Do I have to visit a branch to close it or can I do it by post or online?