Regular Savings Accounts: The Best Currently Available List!

someone

schiff said:

I find this totally weird. It's as if Virgin have replaced their old fashioned  RSs at 1% latest with the HBC at 1.75%. A reverse trend. I've opened and deposited. Let's see what tomorrow brings.

To me not weird, just they are activity trying to shifted their Reg Saver customer base to target the more "long term profitable customers".

1. First they stopped their Store Based RS (they required the chat with the staff) which removes the "Granny with a passbook that wants to put a small amount away every week/month for x reason".
2. They withdrew their online RS just before Xmas. TBH the rate at 1% was probably not pulling in the people they wanted, multi account openers like myself who wanted the fixed rate "just in case". Many times you could get instant access accounts with better rates. 
   
3. Before withdrawing the 1% ones they launched an app about buying a house and linked the app (best they could in a not 100% foolproof way) to a new reg saver at a rate that is appealing to most people but it's effectively hidden, you don't see it on their website, most will be accessing via the app and would have found out about it via targeted marketing or word of mouth.
   

There is also a new term added re only holding one (instead of one of each issue) which also hints at the above shift. No point then spending more than necessary to get your details and/or in the mindset of considering Virgin money for other products.

cosh25

The Principality First Home Steps account was one I always looked at... notice that from today if can be opened online. Its meant for ‘first time buyers’ (not sure how this is enforced as haven’t had a proper dig around).

key points
£1500 max per month up to £25000 and tiered rates from 0.80% to 1.50% depending on balance.

Obviously there is more to the account, but heads up for those who may want to look further.

London7766551

cosh25 said:

The Principality First Home Steps account was one I always looked at... notice that from today if can be opened online. Its meant for ‘first time buyers’ (not sure how this is enforced as haven’t had a proper dig around).

key points
£1500 max per month up to £25000 and tiered rates from 0.80% to 1.50% depending on balance.

Obviously there is more to the account, but heads up for those who may want to look further.

I had a look on their site but it says you need a branch appointment to open an account.

someone

London7766551 said:

cosh25 said:

The Principality First Home Steps account was one I always looked at... notice that from today if can be opened online. Its meant for ‘first time buyers’ (not sure how this is enforced as haven’t had a proper dig around).

key points
£1500 max per month up to £25000 and tiered rates from 0.80% to 1.50% depending on balance.

Obviously there is more to the account, but heads up for those who may want to look further.

I had a look on their site but it says you need a branch appointment to open an account.

It's a separate product. Raises the question on if someone with the branch based one can also open the online one. Given up to 1.5% on 2x £25,000 with "up to 6 withdrawals a year" (as you will have two withdrawal allowances) which ain't bad.

Branch "First Home Steps Issue 2":

https://www.principality.co.uk/savings-accounts/everyday-savings-accounts/First-Home-Steps-account

-----

Online "First Home Steps Online" :

https://www.principality.co.uk/savings-accounts/everyday-savings-accounts/First-Home-Steps-Online

colsten

someone said:

1. Before withdrawing the 1% ones they launched an app about buying a house and linked the app (best they could in a not 100% foolproof way) to a new reg saver at a rate that is appealing to most people but it's effectively hidden, you don't see it on their website, most will be accessing via the app and would have found out about it via targeted marketing or word of mouth. 

The account is not very hidden, given that it is on the Virgin website, and on the most popular savings account directory, and probably on other sites, too

someone said:

There is also a new term added re only holding one (instead of one of each issue) 

As always, there are the words on websites, and then there is the IT that supports/enforces [or not] the words on websites. 

SFindlay

colsten said:

The account is not very hidden, given that it is on the Virgin website, 

Its not on the VM website and the link you used is "technically" only available from the Home buyer Coaching App but been shared numerous times which leads to people thinking it's on the website for all to view. If you actually go direct to VM website homepage and search their saving products there is no mention of it. 

London7766551

someone said:

London7766551 said:

cosh25 said:

The Principality First Home Steps account was one I always looked at... notice that from today if can be opened online. Its meant for ‘first time buyers’ (not sure how this is enforced as haven’t had a proper dig around).

key points
£1500 max per month up to £25000 and tiered rates from 0.80% to 1.50% depending on balance.

Obviously there is more to the account, but heads up for those who may want to look further.

I had a look on their site but it says you need a branch appointment to open an account.

It's a separate product. Raises the question on if someone with the branch based one can also open the online one. Given up to 1.5% on 2x £25,000 with "up to 6 withdrawals a year" (as you will have two withdrawal allowances) which ain't bad.

Branch "First Home Steps Issue 2":

https://www.principality.co.uk/savings-accounts/everyday-savings-accounts/First-Home-Steps-account

-----

Online "First Home Steps Online" :

https://www.principality.co.uk/savings-accounts/everyday-savings-accounts/First-Home-Steps-Online

Thank you for this, I could only find the offline one via Google. Sadly I cannot apply for it atm as it comes up with an error that something went wrong when I try to login. I will try again in a bit!

London7766551

Gers said:

JamesRobinson48 said:

prixon said:

I see Virgin Money have a new issue of their Home Buying Coach Regular Saver, which now runs until 20th Feb 2022 and is still at 1.75% (£250/mth max). It’s associated with the Virgin Home Buying Coach app but anyone can download this and they don’t necessarily have to be buying a house....

Thanks!  If I'm not mistaken, one isn't allowed to hold more than one VM Home Buying Coach RS at the same time. But would be interested to hear if that turns out not to be the case, or if anyone manages to get both.

I've just opened my second one via the link given above.  Interestingly VM call it HBC regular saver 3 - must have missed number two!

EDIT - and funded, and showing.

My second one is also open and funded, however there is also a message that they are still opening the account. Will Virgin care that I have two? time will tell......

colsten

SFindlay said:

colsten said:

The account is not very hidden, given that it is on the Virgin website, 

Its not on the VM website and the link you used is "technically" only available from the Home buyer Coaching App but been shared numerous times which leads to people thinking it's on the website for all to view. If you actually go direct to VM website homepage and search their saving products there is no mention of it. 

Of course it is on the website. It's the top hit on a Google search for "virgin regular saver"

trickydicky14

London7766551 said:

Gers said:

JamesRobinson48 said:

prixon said:

I see Virgin Money have a new issue of their Home Buying Coach Regular Saver, which now runs until 20th Feb 2022 and is still at 1.75% (£250/mth max). It’s associated with the Virgin Home Buying Coach app but anyone can download this and they don’t necessarily have to be buying a house....

Thanks!  If I'm not mistaken, one isn't allowed to hold more than one VM Home Buying Coach RS at the same time. But would be interested to hear if that turns out not to be the case, or if anyone manages to get both.

I've just opened my second one via the link given above.  Interestingly VM call it HBC regular saver 3 - must have missed number two!

EDIT - and funded, and showing.

My second one is also open and funded, however there is also a message that they are still opening the account. Will Virgin care that I have two? time will tell......

I too have opened my second also got the message, it states account will be opened within 24hrs and also states I can fund it right now, so I would not worry.
Mind you, I did open it via the app and not the link above.