Regular Savings Accounts: The Best Currently Available List!

P3

Use this as a example to see who's right

£18,137.23 (based on 12 monthly deposits of £1,500, the first being made at account opening and the remaining 11 on the same day each calendar month).

someone

P3 said:

Use this as a example to see who's right

£18,137.23 (based on 12 monthly deposits of £1,500, the first being made at account opening and the remaining 11 on the same day each calendar month).

Month 1 - Pay In £1,500 - Balance £1,500 - Rate 0.80% - Interest (1/12) £1.00
Month 2 - Pay In £1,500 - Balance £3,000 - Rate 1.00% - Interest (1/12) £2.50
Month 3 - Pay In £1,500 - Balance £4,500 - Rate 1.00% - Interest (1/12) £3.75
Month 4 - Pay In £1,500 - Balance £6,000 - Rate 1.00% - Interest (1/12) £5.00
Month 5 - Pay In £1,500 - Balance £7,500 - Rate 1.00% - Interest (1/12) £6.25
Month 6 - Pay In £1,500 - Balance £9,000 - Rate 1.50% - Interest (1/12) £11.25
Month 7 - Pay In £1,500 - Balance £10,500 - Rate 1.50% - Interest (1/12) £13.13
Month 8 - Pay In £1,500 - Balance £12,000 - Rate 1.50% - Interest (1/12) £15.00
Month 9 - Pay In £1,500 - Balance £13,500 - Rate 1.50% - Interest (1/12) £16.88
Month 10 - Pay In £1,500 - Balance £15,000 - Rate 1.50% - Interest (1/12) £18.75
Month 11 - Pay In £1,500 - Balance £16,500 - Rate 1.50% - Interest (1/12) £20.63
Month 12 - Pay In £1,500 - Balance £18,000 - Rate 1.50% - Interest (1/12) £22.50

Total for Year 1 = £136.64 (£0.59 less than advertised, I assume because I've done the rate at 1/12 monthly but not worth the time finding out why)

colsten

Principality is beset with IT probs today. Can't get to their website at all, not with different browsers, not on laptop, not on smartphone

surreysaver

colsten said:

Principality is beset with IT probs today. Can't get to their website at all, not with different browsers, not on laptop, not on smartphone

I managed to open my Issue 24 earlier, although the first attempt at logging in failed to produce a text message authentication number

cricidmuslibale

someone said:

P3 said:

Use this as a example to see who's right

£18,137.23 (based on 12 monthly deposits of £1,500, the first being made at account opening and the remaining 11 on the same day each calendar month).

Month 1 - Pay In £1,500 - Balance £1,500 - Rate 0.80% - Interest (1/12) £1.00
Month 2 - Pay In £1,500 - Balance £3,000 - Rate 1.00% - Interest (1/12) £2.50
Month 3 - Pay In £1,500 - Balance £4,500 - Rate 1.00% - Interest (1/12) £3.75
Month 4 - Pay In £1,500 - Balance £6,000 - Rate 1.00% - Interest (1/12) £5.00
Month 5 - Pay In £1,500 - Balance £7,500 - Rate 1.00% - Interest (1/12) £6.25
Month 6 - Pay In £1,500 - Balance £9,000 - Rate 1.50% - Interest (1/12) £11.25
Month 7 - Pay In £1,500 - Balance £10,500 - Rate 1.50% - Interest (1/12) £13.13
Month 8 - Pay In £1,500 - Balance £12,000 - Rate 1.50% - Interest (1/12) £15.00
Month 9 - Pay In £1,500 - Balance £13,500 - Rate 1.50% - Interest (1/12) £16.88
Month 10 - Pay In £1,500 - Balance £15,000 - Rate 1.50% - Interest (1/12) £18.75
Month 11 - Pay In £1,500 - Balance £16,500 - Rate 1.50% - Interest (1/12) £20.63
Month 12 - Pay In £1,500 - Balance £18,000 - Rate 1.50% - Interest (1/12) £22.50

Total for Year 1 = £136.64 (£0.59 less than advertised, I assume because I've done the rate at 1/12 monthly but not worth the time finding out why)

The interest amounts earned each month above are approx. correct but not exactly so. The exact amount will depend on the no. of days in that particular month i.e. after the 1st month with interest at (no. of days in that month/365 x 0.8%) you get a day's extra interest for a 31 day month (31/365 x 1% or 1.5%) compared to that earned in a 30 day month (30/365 x 1% or 1.5%) and obviously for February each year other than a leap year you will earn 28/365 x 1% or 1.5%. 

where_are_we

I successfully opened the first VHCBRS direct via a search link without using the app and it seems to be OK so far (Verdict - easy). For the VHCBRS3 I decided to use the app, going through numerous links, getting 100 points, viewing my free experian credit score and I viewing the Virgin savings accounts (Verdict - a pain) . I thought there would be a link to or mention of the VHCBRS3 but bizarrely I found nothing. Do I now just go to a search link for the VHCBRS3 like I did the first time?

Gers

where_are_we said:

Do I now just go to a search link for the VHCBRS3 like I did the first time?

https://uk.virginmoney.com/savings/products/home_buying_coach_regular_saver

MDMD

where_are_we said:

Do I now just go to a search link for the VHCBRS3 like I did the first time?

If you want to do it 100% properly, click on this button in the app:

Then on this:

Then finally on “Great, let’s go” (if you have 100 or more credits)

Nuggy96

Any ideas if you can have a sole and joint home buyer reg saver?

where_are_we

MDMD said:

where_are_we said:

Do I now just go to a search link for the VHCBRS3 like I did the first time?

If you want to do it 100% properly, click on this button in the app:

Then on this:

Then finally on “Great, let’s go” (if you have 100 or more credits)

Eventually got to 285 credits, 100%, you are all done! Got it! You have to tap on this "picture" then follow the links to open the savings account. Having reached the "apply now" page does it matter if I do it on the phone or on my computer via the search link? Do you get contacted about anything after inputting lots of "data"?