Virgin Money 12%

jameseonline

mo32 said:

I’m VERY new to switching and been with YB/Virgin since a child. Now that the account is dropping from 2% to 1%…what’s the best advice on what to do - or who to move to?!

Generally speaking there's several savings accounts paying a lot more than 2% but this thread is about a 12% switch offer.

Have a look at:
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/?utm_campaign=mse_home

https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/?utm_campaign=mse_home

Bridlington1

steven141 said:

mo32 said:

I’m VERY new to switching and been with YB/Virgin since a child. Now that the account is dropping from 2% to 1%…what’s the best advice on what to do - or who to move to?!

There are numerous switching offer available right now. Probably the best out of all of them is the Santander edge current account with access to the 7% instant access saver account and £175 cashback. There is a £3 per month fee if you set up direct debits. You can also access the Edge credit card which gives you 2% cashback for the first year then 1% cashback but there is a £3 per month fee. 

On this point though you can set up DDs on the Santander Edge account and not pay the fee. In order to start paying the fee you must have at least 2 active DDs on the account and pay in £500 in a single month. If you only set up the DDs you won't pay the fee unless you pay in £500+ in any month that you have the DDs on the account. This fact allows you to satisfy the terms of the Santander switching offer without having to pay any fees (there was some discussion about this in the previous £185 switching offer thread).

In the interests of keeping this thread on topic though it would probably be best to continue this part of the discussion in the £175 Santander switching offer thread.

adindas

This just comes up. Your old bank account with DDs could earn more for you. £175

https://www.lloydsbank.com/current-accounts/all-accounts/club-lloyds.html

"Get £175 when you switch an account held with another bank to a new Club Lloyds, Club Lloyds Silver or Club Lloyds Platinum Account.

• You'll need to use the Current Account Switch Service to transfer a minimum of 3 active direct debits and close your current account held with another bank.

You won't be eligible if you've received an incentive for switching to a Lloyds Bank, Bank of Scotland or Halifax current account since April 2020. You may need to pay a monthly fee for the account. Offer ends 30 July 2024.

Another one is TSB. I personally have been very lucky with TSB and Nationwide. Also do not forget with TCB or Quidco. Another chance to get an extra of £20

https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/#lloydsswitch

Another one is Nationwide

Ghostcrawler

Anyone got £30 Amazon voucher applied through Snoop?

goatfaced

Ghostcrawler said:

Anyone got £30 Amazon voucher applied through Snoop?

No, it got pulled just as I gave myself a kick to get on with it. I did get a fiver Amazon voucher for being referred to snoop though, that was nice. I googled and used a random person's referral link. 

goatfaced

Who used the snoop link? My son did, but no voucher yet but it hasn't been 30 days since he connected his account to the app.

Nasqueron

Ghostcrawler said:

Anyone got £30 Amazon voucher applied through Snoop?

I am still waiting, nothing in email or app. I used the app to apply, connected immediately, should be there already, give them a few days then complain

sparky0138

Does anyone know if there's a way to find out the interest rate on the M Plus Account please? On the app I can see the interest rate below my balance on the M Plus Saver but I've now completed the switch and as I've had no confirmation that I qualify for the increased interest rate, I was just wondering if there was a way to find out on the app. I don't want to put my money in there for a whole month if I'm not earning the increased rate. Thanks.

ThePirates

The rate doesn't start until 1st July

sparky0138

Of course. However, I think I'm correct in saying it should have a 2.02% rate until then. I would still like to know if it's displayed on the app so I know where to look for the increase on the 1st.