Virgin Money Regular Saver Thread

typistretired

It is up to £250 per month so if you are cash strapped you can pay in £1

bristolleedsfan

RG2015 said:

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.

Yorkshire Bank tended to be more concerned about ID score than most other Banks, I suspect that is the reason for Virgin requesting ID in respect of some new account openings when existing accounts are held,  requirement is stated to be original or fully certified documents, would not have been easy couple of weeks ago to obtain certified copies  https://uk.virginmoney.com/virgin/downloads/nonfacetofaceid.pdf

1882

typistretired said:

It is up to £250 per month so if you are cash strapped you can pay in £1

The wording on the website seems vague to me - do you have to pay something in each month (even though it can be as little as £1)

glider3560

1882 said:

typistretired said:

It is up to £250 per month so if you are cash strapped you can pay in £1

The wording on the website seems vague to me - do you have to pay something in each month (even though it can be as little as £1)

It seems very clear to me.  There is a maximum monthly deposit listed (£250), a minimum initial deposit (£1) and a minimum additional deposit (£1).  There is no minimum monthly deposit (note difference in wording between the maximum monthly deposit, and minimum additional deposit).  Additionally, there is no penalty listed for not making a minimum deposit each month.

Hal17

Glad I came across these new posts. Decided a few weeks ago to pass on Virgin Issue 16 as it was only 1.5%. Then the interest on some of my other regular savers all went south for the summer and I forgot about this one. Just opened one this afternoon and could use direct debit, never noticed that before.

colsten

Hal17 said:

Glad I came across these new posts. Decided a few weeks ago to pass on Virgin Issue 16 as it was only 1.5%. Then the interest on some of my other regular savers all went south for the summer and I forgot about this one. Just opened one this afternoon and could use direct debit, never noticed that before.

Use a Direct Debit? How?

Wheres_My_Cashback

colsten said:

Hal17 said:

Glad I came across these new posts. Decided a few weeks ago to pass on Virgin Issue 16 as it was only 1.5%. Then the interest on some of my other regular savers all went south for the summer and I forgot about this one. Just opened one this afternoon and could use direct debit, never noticed that before.

Use a Direct Debit? How?

Clearly confused with SO s

Wheres_My_Cashback

1882 said:

typistretired said:

It is up to £250 per month so if you are cash strapped you can pay in £1

The wording on the website seems vague to me - do you have to pay something in each month (even though it can be as little as £1)

Judging by your other dubious posts about banks being thieves and credit cards conning you and your mum I can see why you'd post that. T.

Hal17

Wheres_My_Cashback said:

colsten said:

Hal17 said:

Glad I came across these new posts. Decided a few weeks ago to pass on Virgin Issue 16 as it was only 1.5%. Then the interest on some of my other regular savers all went south for the summer and I forgot about this one. Just opened one this afternoon and could use direct debit, never noticed that before.

Use a Direct Debit? How?

Clearly confused with SO s

Whilst I was in Virgin Money opening Issue 16, it asked if I wanted to make a payment and direct debit was available. Nice and simple, all done. I will use SO's going forward along with our issues 13, 14, and 15. 

typistretired

Hope your direct debit is for the 1st of each month to maximise interest earned.