Virgin Money 10.38% regular monthly saver

Rheumatoid

jameseonline said:

I will just wait until the account matures then withdraw everything & keep the morphed account open.

What's your reasoning for keeping it open?

friolento

Nasqueron said:

jameseonline said:

I will just wait until the account matures then withdraw everything & keep the morphed account open.

RS will mature but the interest will not be paid for July until September when the next interest payment is made so you'd get the ~£3123 or whatever it is then the last £30 or something + change in September

You can get your interest paid in the first few days of August if you close the Easy Access account your RS has matured into. You are also free to withdraw the matured balance immediately upon maturity.

jameseonline

There seems to be various confusion over this, why Virgin seem to make it so I don't know. I'm going to do what I've said because anything they do owe me I'll get eventually if not straight away, other money can go elsewhere, I've got various things to manage as it is, I'm not desperate to go through the whole getting an account shut down process etc to get any funds due, the bulk of my money will go straight into my existing regular savings accounts to fund next month.