Virgin Money Regular Saver Thread

SFindlay

typistretired said:

Anyone else hoping Virgin Money Regular Saver E17 comes out on Monday 18th May 2020

I'm putting my money on Wednesday 20th!! 

RG2015

Regular e-saver launch dates as follows.

Issue 12 01/09/18 2.50%
Issue 13 01/11/19 2.00%
Issue 14 20/01/20 2.00%
Issue 15 20/03/20 2.00%
Issue 16 17/04/20 1.50%
Issue 17 xx/xx/20 Almost certain to be less than 1.5% but how much less?

typistretired

They like to keep us guessing!

where_are_we

Will RSE17 be held at 1.5%? Hope it continues to be fixed, easy access, and allows 14 payments. At least it is very easy to open unlike the current account!

schiff

I've opened a second Virgin current account. Let's see how long that lasts. 

RG2015

schiff said:

I still have a letter from Virgin dated August 2018 that tells me that the interest rate on issues 6, 7, 8, 9, 10,11 is being increased from 2.25% to 2.5%. It has turned out to be such an amazing incomparable event that I think I might have it framed!

Even more amazing when you consider that their Key Product Information said,

• Rates are fixed until the maturity date. This means we cannot change the rate until after the fixed rate period.

bristolleedsfan

where_are_we said:

Will RSE17 be held at 1.5%? Hope it continues to be fixed, easy access, and allows 14 payments. At least it is very easy to open unlike the current account!

Easy to open Yes, however i did have to send them ID after opening Issue 16 despite having other regular savers with them, they sent ID back return of post signed for.....

RG2015

bristolleedsfan said:

where_are_we said:

Will RSE17 be held at 1.5%? Hope it continues to be fixed, easy access, and allows 14 payments. At least it is very easy to open unlike the current account!

Easy to open Yes, however i did have to send them ID after opening Issue 16 despite having other regular savers with them, they sent ID back return of post signed for.....

I had that when I opened a savings account last year despite having many previous accounts. I think this is a one off to  get their KYC files up to date as I had never previously submitted ID data.

Also, they accepted photocopies.

typistretired

Plus they clearly state in their summary box “Only one account can be opened per customer per issue”.

EmmaG04

Do you have to make payments every month into a Virgin Regular Saver or can you miss a month if you needed to? I have an issue 14 which I pay £250 into a month and I'm considering opening another one but I might have some big expenses coming up in the next year.