Virgin Money Regular Saver interest

schiff

See you all at 01.01 tomorrow then 

schiff

Interest credits are in. The next two to mature (next tax year) have had £33+ and £21+ added, that any fiddling with monthly interest couldn't have avoided. 

dcs34

Am I right in thinking withdrawing this interest incurs a (marginal) loss of interest? I.e. that interest will be earned at maturity on the interest payed out today?

RG2015

dcs34 said:

Am I right in thinking withdrawing this interest incurs a (marginal) loss of interest? I.e. that interest will be earned at maturity on the interest payed out today?

Any withdrawal from an interest bearing account will result in a loss of interest at maturity.

"Marginal" is subjective, but in relation to Issue 15 which matures on 20/04/2021 the loss of interest would be approximately as follows:

£34 x 2.00% x 40 / 365 = £0.0745 (ie 7 or 8 pence)

schiff

We're not far short of the time Virgin is usually presenting a new RS. Could it be HBC4?