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Virgin money RS - maturity

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  • veryintrigued
    veryintrigued Posts: 3,843 Forumite
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    Elvie100 said:
    Interest showing, but uncleared...
    It normally becomes cleared between 8:30pm and 10:30pm.  You can only close the account once it has cleared (i.e. stopping the interest being paid twice).
    I don't think it clears until after midnight now to ensure the double interest is never an option.
  • veryintrigued
    veryintrigued Posts: 3,843 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Elvie100 said:
    Interest showing, but uncleared...
    It normally becomes cleared between 8:30pm and 10:30pm.  You can only close the account once it has cleared (i.e. stopping the interest being paid twice).
    I don't think it clears until after midnight now to ensure the double interest is never an option.
    This is confirmed by the fact it's now changed to 'Maturing account' with read only access and the message:

    This account is now maturing. The maturity process will normally be complete by the following business day. You are only able to view your account at this time


  • Closed mine this morning, premium bonds here I come! 
  • RG2015
    RG2015 Posts: 6,055 Forumite
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    Account closed and proceeds transferred. I am sure that on previous occasions, the money was not in my nominated account until the day after maturity.
  • where_are_we
    where_are_we Posts: 1,223 Forumite
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    "Hattie" - I asked in branch once, if they could help me delete all those 0 balance e-saver accounts. They were unable to help! Despite using the "close account" option when emptying a matured RS another one pops up! Perhaps consider it a badge of honour for having benefited from all those RS`s!
  • colsten
    colsten Posts: 17,597 Forumite
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    RG2015 said:
    Account closed and proceeds transferred. I am sure that on previous occasions, the money was not in my nominated account until the day after maturity.
    All my withdrawals from Virgin RS accounts have arrived in my Santander current account within a couple of hours at the most.
  • Gers
    Gers Posts: 13,188 Forumite
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    If you want to laugh at anyone, laugh at me...I inadvertently closed my RS16 before realising my mistake and closing the e-saver 28. 🤣🤣 Nothing much lost as it matures next month so it'll only be pennies, just annoyed with myself. 
  • veryintrigued
    veryintrigued Posts: 3,843 Forumite
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    Bumping up again for tonight's maturity
  • Sea_Shell
    Sea_Shell Posts: 10,030 Forumite
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    Bumping up again for tonight's maturity

    These will be our last 2 maturing reg savers.   I had a club Lloyds one today, and after tomorrow that's it!!

    We've not bothered with them of late due to the low rates.  Gave up chasing every last one! 

    My accounts spreadsheet is going to be looking a bit sparse!!!
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
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