Virgin Money Regular Saver Thread

hippo25

Does Virgin allow multiple different Issues held at the same time?

Nuggy96

yes, i have multiple issues at the moment

SuperHans1

It's the reason the Virgin Money Regular Saver is so popular on here and warrants its own board

oli356

Stupid question... What are the differences between the 'issues'? The numbers don't seem to increment as a new 'issue' is released. So how often is there a new issue, what are the typical differences (duration, interest?) and what's the logic of the numbering system.

schiff

oli356 wrote: »

Stupid question... What are the differences between the 'issues'? The numbers don't seem to increment as a new 'issue' is released. So how often is there a new issue, what are the typical differences (duration, interest?) and what's the logic of the numbering system.

The next online issue will be number 15, logically following number 14. I think you could probably bet your house on that It will probably be introduced about late March - though it's only a guess based on the previous 35 Virgin RSs that I've had.
I would be surprised if the interest rate was anything but 2%.

You will hear about it first on here

polymaff

oli356 wrote: »

Stupid question... What are the differences between the 'issues'? The numbers don't seem to increment as a new 'issue' is released. So how often is there a new issue, what are the typical differences (duration, interest?) and what's the logic of the numbering system.

The last was 13, the current is 14 and - as stated above - it is a racing certainty that the next will be 15. Geddit?

Re: Term and Conditions, as Yorkshire Boy might, briefly, put it, RTFM....;)

oli356

But there seems to be like a Regular Saver Issue 17? That is why I got confused.

where_are_we

Regular saver issue 17 is a store only account.
The recent issue 14 is a Regular E-saver which is an online account.

They are two different lineages. The next Regular E-saver will be issue 15 probably in about 2 months time.

polymaff

oli356 wrote: »

But there seems to be like a Regular Saver Issue 17? That is why I got confused.

That account closed to new business on 1st August 2019 - and it was a Regular Saver. When we talk 13 .. 14 .. 15 we are talking Regular E-Saver

Virgin love new issues. One of their savings accounts is at issue 413...

schiff

oli356 wrote: »

But there seems to be like a Regular Saver Issue 17? That is why I got confused.

Store versions that are still to mature though you can't now open one are numbered 15, 16, 17, 18, 19. It looks as if store versions have ceased, at least for now. The last one was available at the beginning of October last.

There was a sizeable gap in the issue of online versions but issue 13 and the current issue 14 seem to have started a new trend.

You just have to go with the flow with Virgin RSs; they are capricious

They are very popular, they have always had a decent interest rate, though the current 2% is disappointing but understandable.
But possibly the key aspect is that the funds are easy access without penalty. To a limited extent it's like having a current account that pays 2% interest