Virgin Reg Savers.....will rates increase

arsenalboy

I have all the Virgin regular savers still open with max in each paying 1.75%.

The sensible thing to do is withdraw each issue but leave £1 remaining, as easy access rates now exceed the 1.75%

Will I regret doing this i.e., will Virgin suddenly increase the rates over the coming weeks?

The cynic in me says they wont, but how can they maintain regular savers paying less than easy access?

Beddie

Move it! Or don't, up to you. I would give it a week until the providers update their rates, then make a decision.

where_are_we

I moved the vast majority of my money out of Virgin HBCRS`s about 2 months ago when I could better their 1.75% interest rate. T&C`s state - "Rates are fixed until the maturity date. This means we cannot change the rate until after the fixed rate period". Someone on here mentioned that Virgin have previously broken this condition. By all means wait a week or two - you could be lucky! Remember that their T&C`s also state only one HBCRS can be held at any one time.

Daliah

where_are_we said:

I moved the vast majority of my money out of Virgin HBCRS`s about 2 months ago when I could better their 1.75% interest rate. 

I closed all of mine early August.