Regular Savings Accounts: The Best Currently Available List!

Westie983

Another two accounts opened, its getting quicker as I open more, I didnt have to provide ID or listen to the T&C's I was in and out within 10 mins, actually took me longer to update the five branch books that I had with me then to open the new account.

Issue 1 maturing next month, Im going to withdraw funds on maturity on the 20th all but £1 so I get the interest due on the 31st.

also subject to following previous issues next issue should due In November 2017?

Westie983

Speculator

My Penrith 3yr Regular 300 matures on 28/10/2017 according to my spreadsheet.

Does anyone know if it will allow a 37th payment?

schiff

Westie983 wrote: »

Issue 1 maturing next month, Im going to withdraw funds on maturity on the 20th all but £1 so I get the interest due on the 31st.

Westie983

I don't understand that? Interest will be credited on maturity and I assume none thereafter. Why wait? It's the Store accounts that have a 31/10 interest date but only then, I assume, if it falls before the maturity date.

adindas

Westie983 wrote: »

Another two accounts opened, its getting quicker as I open more, I didnt have to provide ID or listen to the T&C's I was in and out within 10 mins, actually took me longer to update the five branch books that I had with me then to open the new account.

Issue 1 maturing next month, Im going to withdraw funds on maturity on the 20th all but £1 so I get the interest due on the 31st.

also subject to following previous issues next issue should due In November 2017?

Westie983

On the title of your post you mention about these accounts:
"Virgin Accounts Branch Issue 6 and Online Issue 7"

I understand it is very simple to open online e_Saver with Virgin Money. So people tend to do it online by themselves.

When I open the store based account they always ask me to show my ID and show me the t&c and their Tab.even if I was dealing with the same person previously.

ColdIron

schiff wrote: »

I don't understand that? Interest will be credited on maturity and I assume none thereafter. Why wait?

Indeed, but I don't think any interest will be credited on maturity, it will just become a 0.5% or something account. I think Virgin will contact you before maturity and one of your options will be to close the account when the interest will be credited to the account you nominated upon opening. If you think about the Issue 4 which matures on 20/04/18, would you really wait nearly 12 months until 11/03/2019 for the interest?

veryintrigued

Speculator wrote: »

My Penrith 3yr Regular 300 matures on 28/10/2017 according to my spreadsheet.

Does anyone know if it will allow a 37th payment?

Can't see anything in the (paper) T&Cs that say not.

Special_Saver2

Hi Folks,

I was not able to get on to the internet this weekend but there was nothing to change for this weekend's update.

I will do another update the weekend of 6th-8th October.

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

Westie983

adindas wrote: »

On the title of your post you mention about these accounts:
"Virgin Accounts Branch Issue 6 and Online Issue 7"

I understand it is very simple to open online e_Saver with Virgin Money. So people tend to do it online by themselves.

When I open the store based account they always ask me to show my ID and show me the t&c and their Tab.even if I was dealing with the same person previously.

One was opened in branch and one online, my post said two accounts have been opened, (Issue 6 and 7) not that both were opened from store.

I mentioned its getting quicker with each account I open as I didnt have to listen to the T&C's or provide the ID, and was in and out within 10mins.

Westie983

schiff

Someone I hope will have had experience of this.

Nationwide always do the internal transfer to the regular saver on the first of the month whatever day of the week or festival it falls on. Not a problem when I had £2500 in my FlexDirect. But now I have the FlexPlus with a lot less than £250 in it.

In theory I will be overdrawn on Sunday October 1st as my SO from outside Nationwide will be done on Monday, as it would with most current accounts.

If I don't load my account before Sunday what will happen? Will I be charged?

TYIA

veryintrigued

schiff wrote: »

Someone I hope will have had experience of this.

Nationwide always do the internal transfer to the regular saver on the first of the month whatever day of the week or festival it falls on. Not a problem when I had £2500 in my FlexDirect. But now I have the FlexPlus with a lot less than £250 in it.

In theory I will be overdrawn on Sunday October 1st as my SO from outside Nationwide will be done on Monday, as it would with most current accounts.

If I don't load my account before Sunday what will happen? Will I be charged?

TYIA

You'll see from the 'Upcoming payments' part of NW online banking that it will indeed attempt to be taken on the 1st.

I'd fully expect you to be charged for this.

I expect youve read the T&Cs for the Flexclusive Regular Saver and noted:

There is no requirement to make a deposit each month but the maximum you can deposit each calendar month is £250.