Regular Saver Thread **New and Restarted**

schiff

Speculator wrote: »

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?

I go to the branch on the maturity date, or the day after in case there are problems, to close the account and ask for the proceeds to be paid by FP to my bank account. I imagine you can do the same thing by letter.

Going the day after got me an extra 9p in interest!

tg99

Speculator wrote: »

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?

I send them a letter about a week before maturity with my bank account details and have always received the proceeds on the day of maturity so pretty efficient.

djd1965

tg99 wrote: »

I send them a letter about a week before maturity with my bank account details and have always received the proceeds on the day of maturity so pretty efficient.

So for the Virgin regular saver branch version, do you only need to visit a branch once?

tg99

djd1965 wrote: »

So for the Virgin regular saver branch version, do you only need to visit a branch once?

Yes just to open the account.

tg99

Just to add regarding requesting the Virgin branch Reg saver proceeds by letter, I also enclose my passbook which they return usually with a Virgin envelope which can then use for the letter to get the proceeds from the next branch saver and so on. I think there is a form they have sent me in the past you can complete and post rather than write a letter but I just do the letter as just as quick and passbook enclosed saves you writing out your Reg saver account number etc.

surreysaver

JamesRobinson48 wrote: »

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?

That'll put Virgin out of sync. I'll have to replan all my other regular savers if that's the case. I like to have two maturing every month, so if Virgin are going to change their two regular savers every two months I'll have to change my plans!

ctdctd

JamesRobinson48 wrote: »

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?

Now confirmed on their website - store only, 3%, £250 per month, max £3250.

Speculator

https://uk.virginmoney.com/savings/find/regular_saver_issue_12/overview/

karlie88

JamesRobinson48 wrote: »

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?

surreysaver

Speculator wrote: »

https://uk.virginmoney.com/savings/find/regular_saver_issue_12/overview/

Will be interesting to see whether they do the same with the online version