Virgin instant saver going down to 0.35% on April 27th

kuepper

Virgin has been a decent all rounder for me in past year or so with this a/c and interest on current a/c first £1000 and 1% fixed ISA, at least there's 2 months notice of the drop

El_Torro

I got the e-mail too, even though I don’t have an Instant Saver with Virgin, I only have the current account.

Might only be a matter of time before the current account interest rate drops too.

RG2015

El_Torro said:

I got the e-mail too, even though I don’t have an Instant Saver with Virgin, I only have the current account.

Might only be a matter of time before the current account interest rate drops too.

I thought the instant saver was automatically opened alongside the 2% current account.

El_Torro

RG2015 said:

El_Torro said:

I got the e-mail too, even though I don’t have an Instant Saver with Virgin, I only have the current account.

Might only be a matter of time before the current account interest rate drops too.

I thought the instant saver was automatically opened alongside the 2% current account.

I just logged in to check and you're right, I do actually have an Instant Saver account. Shows how much attention I pay to such things!

Mystery solved.

Alexland

Anyone know if the associated instant savers can be closed independently of the current accounts?

I track all open accounts in a spreadsheet and it's annoying to have zero balance account clutter.

MDMD

Alexland said:

Anyone know if the associated instant savers can be closed independently of the current accounts?

I track all open accounts in a spreadsheet and it's annoying to have zero balance account clutter.

Officially no but one of the “options” in the email is to close the account so maybe give it a go.  When you switch away the accounts aren’t closed either - a few years back I switched a ‘B’ account to NatWest and I had to follow up with a phone call to close the linked account.

• Keep your existing account - if you’re happy to leave your savings where they are, you don’t need to do a thing.

• Move your money to another account - want to move your money into a separate savings account? Check out our current range at: virginmoney.com/savings

• Close your account - if you want to move your money we’d be sorry to see you go, but you can close your account straightaway with no charge. You can do this by writing to us or visiting a Store.

  
  

Alexland

Yes I saw that in the email which is what made me wonder if it was possible. Hmm ..