We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Regular Savings Accounts: The Best Currently Available List!
Options
Comments
-
RG2015 said:Middle_of_the_Road said:s71hj said:Had my Virgin 10% regular saver statement through. In the section about interest rate it says account balance £1282 + 0%. Am I missing something here- I was anticipating earning 10% on £250 a month for a year, rightly or wrongly!£6000 in 20231
-
Middle_of_the_Road said:RG2015 said:Middle_of_the_Road said:s71hj said:Had my Virgin 10% regular saver statement through. In the section about interest rate it says account balance £1282 + 0%. Am I missing something here- I was anticipating earning 10% on £250 a month for a year, rightly or wrongly!
Also it's possible to pay in above £250pcm with no interest paid on the excess.
1 -
Emily_Joy said:RG2015 said:Middle_of_the_Road said:s71hj said:Had my Virgin 10% regular saver statement through. In the section about interest rate it says account balance £1282 + 0%. Am I missing something here- I was anticipating earning 10% on £250 a month for a year, rightly or wrongly!
I posted in haste. The £32 is correct.
Apologies to Middle_of_the_Road and thanks to all those that rightly admonished me!1 -
I am thinking of not starting a new RS with First Direct. A decent rate of interest @7% I know, but the hassle each year is putting me off.
Each time I somehow fail to get online with my secure key and end up blocking my account. Even following the reset instructions correctly or so I thought, it still locked me out. I spoke to a lovely agent who told me my secure key could not be unlocked now for 5 hours. No way round it.
Worse than that though is having all the information disappear off the online account when the RS has matured, before you can see interest and subsequently withdraw the money. The agent told me that might take five working days. Life is too busy just now to faff around. At least she was able to tell me how much interest it has made.
0 -
s71hj said:Middle_of_the_Road said:s71hj said:Had my Virgin 10% regular saver statement through. In the section about interest rate it says account balance £1282 + 0%. Am I missing something here- I was anticipating earning 10% on £250 a month for a year, rightly or wrongly!
How I'm interpreting this is that if my balance goes above £1282 (a rather arbitrary figure I acknowledge) I will earn 0% but I guess it means something else?3 -
Newly_retired said:I am thinking of not starting a new RS with First Direct. A decent rate of interest @7% I know, but the hassle each year is putting me off.
Each time I somehow fail to get online with my secure key and end up blocking my account. Even following the reset instructions correctly or so I thought, it still locked me out. I spoke to a lovely agent who told me my secure key could not be unlocked now for 5 hours. No way round it.
Worse than that though is having all the information disappear off the online account when the RS has matured, before you can see interest and subsequently withdraw the money. The agent told me that might take five working days. Life is too busy just now to faff around. At least she was able to tell me how much interest it has made.
It's not a lot of hassle for £136 interest, IMO.2 -
Melton BS Interest Rate Reductions From 19/12/24:
Regular Saver 4 ~~~ NO CHANGE ~~~ Remains at 5.5%
Regular Saver 5 ~~~ NO CHANGE ~~~ Remains at 5%
Regular Saver 6 ~~~ NO CHANGE ~~~ Remains at 6%
23 -
Principality issue 2 opened and funded, already have issue 1, thanks to poster much appreciated. Wish there were more like this.0
-
flaneurs_lobster said:Newly_retired said:I am thinking of not starting a new RS with First Direct. A decent rate of interest @7% I know, but the hassle each year is putting me off.
Each time I somehow fail to get online with my secure key and end up blocking my account. Even following the reset instructions correctly or so I thought, it still locked me out. I spoke to a lovely agent who told me my secure key could not be unlocked now for 5 hours. No way round it.
Worse than that though is having all the information disappear off the online account when the RS has matured, before you can see interest and subsequently withdraw the money. The agent told me that might take five working days. Life is too busy just now to faff around. At least she was able to tell me how much interest it has made.
It's not a lot of hassle for £136 interest, IMO.
I've used FD RS since 2011, never found it a hassle. Feeding my FD current account once a month and opening a new one once a year doesn't consume much time or effort. A couple of days break is not ideal, but the interest rate compensates for inconvenience.1 -
s71hj said:s71hj said:Middle_of_the_Road said:s71hj said:Had my Virgin 10% regular saver statement through. In the section about interest rate it says account balance £1282 + 0%. Am I missing something here- I was anticipating earning 10% on £250 a month for a year, rightly or wrongly!
How I'm interpreting this is that if my balance goes above £1282 (a rather arbitrary figure I acknowledge) I will earn 0% but I guess it means something else?
Virgin Money frequently do things in a unique way.
2
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards