Regular Savings Accounts: The Best Currently Available List!

steve65e

The Virgin RS releases seem to be falling into a pattern

...........................Released...Matures
eSaver1..............?/9/16..........20/10/17
eSaver2..............?/?/16..........20/12/17
eSaver3..............18/1/17........20/02/18
eMatchday......... 23/2/17........20/03/18

Store1.................24/11/16.......1/12/17
Store 2................10/01/17.......1/02/18
Store Matchday.....23/02/17.......1/03/18

So the original 2 released bimonthly, to mature in the 13th month after.
The new Matchday savers have slotted nicely into the alternate month.

So can we hope for a new Store RegSaver and eRegSaver in mid March? It would be nice.

Frogletina

Called in to my local Virgin branch today and told they were really busy and I booked an appointment for Wednesday. However, the adviser who opened my last account came out to the reception to check her next appointments and recognised me from last time.

She said she had time to deal with my application and it didn't take long at all. So I now have the E Matchday account, which I opened last night, and the store one too.

I'm happy with that!

Frogletina

steve65e

The other thing you can do if they are busy is ask for an application form, fill it in and hand it back to the cashier. As long as it has another store account number on it, the adviser can process it later when they are free. Your passbook will be posted from head office in a few days.

Hint - You may have to convince the cashier and/or adviser that this is ok, and that you really don't need the coffee and biscuits and the chance to be told about all the other amazing things that Virgin have to offer.

steve65e

adindas wrote: »

I already have Virgin Regular Saver Branch, along wot other Regular e-Savers. When I called them to book an appointment they are still asking me to bring two form of identifications.

Which is fine because you have an appointment. I was suggesting something that should work if you can't get one!

Frogletina

adindas wrote: »

I already have Virgin Regular Saver Branch, along with other Regular e-Savers. When I called them to book an appointment they are still asking me to bring two form of identifications.

Yes, I was told that too when I dropped in today. However the adviser told me that my passport was sufficient which was good as that is all I had with me. I think it helped that she had dealt with me previously.

Special_Saver2

Hi Folks,

Here is this weekend's update.

- Virgin Matchday E-Saver (online only) paying 2.25% on up to £250 per month until 20th March 2018 added to post 7
- Virgin Matchday Saver (branch only) paying 2.25% on up to £250 per month until 1st March 2018 added to post 7

If forum users place posts on here that are not relevant to this thread then please feel free to invite them to start their own separate thread.

Many thanks to all the forum users who to continue to make useful posts on this thread with helpful information.

I will do another update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are here: http://forums.moneysavingexpert.com/...=608697&page=1

pafpcg

bob792 wrote: »

YBS Regular Saver Issue 2
Does anyone know for certain, if I had interest paid away from the account whether I can still have one penalty free withdrawal a year?

When I was in my local YBS branch yesterday, I asked this question of the counter clerk and was told that paying away the regular saver's interest to another account would not count as a withdrawal, but since she wasn't aware that the interest rate was dropping, I sent a message to YBS HQ and received this rather surprising response:

"Although annual interest can be paid away to another account either with us or with another provider, it is not possible to pay away the bonus interest. If you would like to have your annual interest paid to another account, please let us know and we will check that this will not count as a withdrawal under the bonus conditions."

Since the annual interest is only a fraction of the bonus, I don't see any point in pursuing this option. When I approach the 20k upper limit (sometime next year), I'll reduce the monthly payment and a few days before the end of my "account year", I'll make a withdrawal to reduce the balance to £19,380 to leave enough scope for twelve monthly payments of £10 and the annual interest+bonus on £20,000 (£500 at current rates for Issue2). Then repeat each following year.

pafpcg

Frogletina wrote: »

However the adviser told me that my passport was sufficient which was good as that is all I had with me. I think it helped that she had dealt with me previously.

When my partner and I opened Branch Issues 1 and 2 in December and January respectively, on both occasions the advisors looked at only our driving licences. (We already had the Virgin Money Online Regular E-savers, so maybe this reduced the level of identity checking.)

adindas

pafpcg wrote: »

When my partner and I opened Branch Issues 1 and 2 in December and January respectively, on both occasions the advisors looked at only our driving licences. (We already had the Virgin Money Online Regular E-savers, so maybe this reduced the level of identity checking.)

The driving License is valid for 10 ten years. During that period people might already be moving to another address.

So I think it is not unreasonable to ask for proof of address.

What I can not understand here is why many banks / BS are able to verify a certain person electronically while some could not given the fact that it is the same person applies for a bank product. The only thing comes to mind is something to do with incompetency and / or laziness.

greenglide

It is left up to the financial institution to decide how to verify these details. There is no laid down procedure that they must follow so each provider uses their own procedure and the result is that you get different responses from them.

A central "validate a person" service used by all would be sensible but would be seen by many as a invasion of privacy (it might be a step towards having an identity card!) so we just muddle through!