Virgin Money Regular Saver Thread

eddie7612

Does anyone know if you fund the first deposit into your regular saver with a Tesco debit card, do you get the Clubcard points? I recall on another thread someone saying quite a few "financial" transactions qualify even though the terms say they don't. Thanks

glider3560

eddie7612 said:

Does anyone know if you fund the first deposit into your regular saver with a Tesco debit card, do you get the Clubcard points? I recall on another thread someone saying quite a few "financial" transactions qualify even though the terms say they don't. Thanks

I've tried this and you don't get any points for Virgin Money.  You do earn points for Yorkshire Building Society (and they let you fund it every month by debit card.

Wheres_My_Cashback

sully1311 said:

Please bear in mind that I didn't receive a maturity slip giving me the options of how to withdraw, just a letter saying it was maturing. I had to write a letter to get them to transfer into my current account.

That's because they don't send them ask unless you ask for them so if you have anymore store accounts call them and ask them to send you X amount and X pre-paid envelopes which they will do.

Wheres_My_Cashback

glider3560 said:

eddie7612 said:

Does anyone know if you fund the first deposit into your regular saver with a Tesco debit card, do you get the Clubcard points? I recall on another thread someone saying quite a few "financial" transactions qualify even though the terms say they don't. Thanks

I've tried this and you don't get any points for Virgin Money.  You do earn points for Yorkshire Building Society (and they let you fund it every month by debit card.

One of the best ways to get Tesco Clubcard points is to buy £50K worth of PBs with your Tesco DC ;-)

afis1904

Wheres_My_Cashback said:

glider3560 said:

eddie7612 said:

Does anyone know if you fund the first deposit into your regular saver with a Tesco debit card, do you get the Clubcard points? I recall on another thread someone saying quite a few "financial" transactions qualify even though the terms say they don't. Thanks

I've tried this and you don't get any points for Virgin Money.  You do earn points for Yorkshire Building Society (and they let you fund it every month by debit card.

One of the best ways to get Tesco Clubcard points is to buy £50K worth of PBs with your Tesco DC ;-)

That's a return of 0.125% if you use it as Tesco, that's better than some easy access accounts

molerat

I wonder what has triggered the launch a month early - they have been every 2 months for ages.

MDMD

molerat said:

I wonder what has triggered the launch a month early - they have been every 2 months for ages.

Presumably it was to enable them to reduce the rate on new accounts- maybe they had seen a spike in people opening at 2% as everyone else reduced rates?

bristolleedsfan

MDMD said:

molerat said:

I wonder what has triggered the launch a month early - they have been every 2 months for ages.

Presumably it was to enable them to reduce the rate on new accounts- maybe they had seen a spike in people opening at 2% as everyone else reduced rates?

Halifax/BOS/Lloyds have not as yet reduced rates on 12 month regular savers, was Base Rate reductions which caused Virgin to launch a regular saver 0.5% less than previously, Virgin could have merely withdrawn the regular saver and waited a month to launch a reduced rate version if it wanted to.

schiff

Virgin RSs have become a way of life, this is my 39th!

where_are_we

schiff said:

Virgin RSs have become a way of life, this is my 39th!

Yes - it is easy and instant to set up if you are already a Virginmoney customer. I doubt if they will be doing a new issue monthly but who knows. The reason that the last 2% RS was untenable and this was a way of stopping that offer seems plausible.