Virgin Money Regular Saver Thread

polymaff

Good to see that Virgin appears to have totally abandoned the branch-only RS.

And with other rates crumbling, a fixed 1.5% easy access doesn't look too bad.

Thanks SuperHans1

surreysaver

Descrabled said:

You can download and print the forms from the website. I think they are under useful savings forms.

Can you provide me a link to save me spending the next week trying to find it on their website?  One thing Virgin is good at is waffle.

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.