Regular Savings Accounts: The Best Currently Available List!

karlie88

honestash62 wrote: »

Asked at virgin twice
And cannot have issue 1,2 and passbook ??


Told passbook is issue 1 , rang virgin money !!


Any ideas how you get all three ?

honestash62 wrote: »

Staff must be not very vigilant !!
I was told under no circumstances I could have one !!

honestash62 wrote: »

Issue 1 & 2
Yes you can have !!
But trying to get the branch based account ?
Told no sorry !!

Explain the following to them:

Currently, there are two different products available to customers - one is a Regular E-Saver Issue 2 and the other is a Regular Saver Issue 1. They're separate accounts (as suggested by their different names) and, thus, have their own T&Cs.

Show them the T&Cs of each account:

Regular E-Saver Issue 2 - http://uk.virginmoney.com/savings/pdf/regular_e_saver_issue_2-key_product_info.pdf

Regular Saver Issue 1 - http://uk.virginmoney.com/savings/pdf/regular_saver_issue_1-key_product_info.pdf

Highlight the following on the 2nd pages:

'Only one account can be opened per customer per issue'.

At this point, they will open the account.

Please don't waste your own paper/printer ink to print of the account T&Cs. They should have the product literature within the branch or they can print it off themselves to read and learn.

You may want to submit a complaint afterwards to their customer care team if you feel they've wasted your time, you've had to pay for town centre parking, fuel etc. One of their complimentary iPads would work for me.

honestash62

You mention issue 1 & 2 which I have and my wife
It's the branch based one we cannot get ?

xylophone

I have E RS issue 1 and E RS issue 2 and as of this afternoon (Virgin Store within easy access) a Branch RS Issue 1.

The customer service assistant opened the account, provided the passbook, paid in the cash and said that should they bring out a Branch Saver Issue 2, I would be able to open one of those as well.

JamesRobinson48

Please, is anyone familiar in detail with how the Yorkshire Building Society's RS works, in terms of max investment limits?

This is a two year RS which (as I understand it) has two distinct investment limits, i.e. a max of £500 per month and £6,000 per year.

Suppose I opened the account on 13th March 2016 with an initial payment of £500, then set up a standing order to pay in a further £500 on the 2nd of every following calendar month to conclude on 2nd March 2018, i.e. a few days before the second anniversary of opening.

It will be immediately obvious to all on this forum (but unfortunately was not at all comprehensible to the YBS branch staff) that by the first anniversary on 13th March 2017 I will have paid in a total of £6,500 which exceeds the annual max of £6,000.

Does anyone know, in practice, is YBS likely to treat the above as a violation of account conditions? And if they are, could I avoid that problem by postponing my SO for the month of March 2017 (only) until the 13th of that month? If the latter, I would then be at risk of exceeding the £6,000 limit in the second account year ... which presumably I should best avoid by making no payment in March 2018 when the account matures?

steve65e

fabsaver wrote: »

I've finally got round to testing my theory and it is indeed possible to have all three Virgin Money regular savers (esaver issues 1 & 2 plus the passbook account).

Store account opened easily and without any fuss. My passbook was issued straight away in store.

Excellent. I think the problem I had was that there wasn't an appointment available, so I was given the application form to take away, fill in and drop back later. It was just taken from me with a promise to open the account and post me the passbook, without even a deposit being taken. So I'm still waiting at home with crossed fingers.

Incidentally, they also said I could post the form into branch. So if you can get hold of an application form it could also work as a postal account.

steve65e

honestash62 wrote: »

Staff must be not very vigilant !!
I was told under no circumstances I could have one !!

Me too initially. I just went back later when someone else was on the desk. And then a third time until I got the right person.

xylophone

Me too initially. I just went back later when someone else was on the desk. And then a third time until I got the right person.

I went into the store, told the "greeter" that I wanted to open a Branch RS, was told that I could see an assistant in the interview room, signed the form produced and printed by this young woman ( who checked my other accounts on the computer), gave her the first deposit and came out with the passbook showing the cash paid in.

No problem at all.

honestash62

Tried again
Ring virgin who contacted store and sorry cannot have it !
You have issue 1 e saver has the same code

No go for us again.

steve65e

honestash62 wrote: »

Tried again
Ring virgin who contacted store and sorry cannot have it !
You have issue 1 e saver has the same code

No go for us again.

Curiouser and curiouser.

You could ring again and ask why they have different maturity dates (20/10/17 and 1/12/17) if they are the same product.

honestash62

Have mentioned the dates are different
Look fwd to seeing letter being sent to me