Virgin Money 10.38% regular monthly saver

friolento

MoneyMan01 said:

Has anyone had their interest paid yet, after requesting closure?

I'm debating whether the hassle is worth it. How much do you even gain by closing it early? Or are you closing it out of principle of them having around £20 worth of your money for 20ish days?

Yes, mine was paid within 24 hours

francoghezzi

friolento said:

MoneyMan01 said:

Has anyone had their interest paid yet, after requesting closure?

I'm debating whether the hassle is worth it. How much do you even gain by closing it early? Or are you closing it out of principle of them having around £20 worth of your money for 20ish days?

Yes, mine was paid within 24 hours

Sent a written request and the Rs that became an everyday saver has been closed and the interests paid in my nominated account very quickly. Still wondering why such an anachronistic process, but the interest has been obviously paid in the end

where_are_we

MoneyMan01 - There is not much point in keeping the Virgin Everyday Saver @1.74%. Closing it is good housework, something you would do anyway, so why not do it now and gain a little extra interest (about 15p). Your figures are incorrect. July`s interest will be about £26 odd and as friolento said it is paid out quickly. Also it will be the end of September before you get your interest - 57 days from now, which is slightly more than 20ish days.

friolento

francoghezzi said:

friolento said:

MoneyMan01 said:

Has anyone had their interest paid yet, after requesting closure?

I'm debating whether the hassle is worth it. How much do you even gain by closing it early? Or are you closing it out of principle of them having around £20 worth of your money for 20ish days?

Yes, mine was paid within 24 hours

Sent a written request and the Rs that became an everyday saver has been closed and the interests paid in my nominated account very quickly. Still wondering why such an anachronistic process, but the interest has been obviously paid in the end

If it wasn’t for the anachronistic process, what would we have complained about this week? 😉😇

Nasqueron

Submitted my form online last Friday, hoping they close today or tomorrow so I can move the interest out, better earning me some than them!

schiff

I'm still  waiting for the letter to open the new RS. I applied the first date of issue 25/7.

dali21

francoghezzi said:

friolento said:

MoneyMan01 said:

Has anyone had their interest paid yet, after requesting closure?

I'm debating whether the hassle is worth it. How much do you even gain by closing it early? Or are you closing it out of principle of them having around £20 worth of your money for 20ish days?

Yes, mine was paid within 24 hours

Sent a written request and the Rs that became an everyday saver has been closed and the interests paid in my nominated account very quickly. Still wondering why such an anachronistic process, but the interest has been obviously paid in the end

Did you complete the online form, letter in post or secure message to close the account?

I requested closure via secure message and they wouldn't accept it.  Tried completing the online form but still waiting.  Really do not want to have the hassle of phoning them...

Thanks.

ischris85

@dali21 - I contacted Virgin via the lets chat function on their app, prompt was close account.  When the chatbot ask are you happy with the response select no and it will put you through to customer services.

jimjames

schiff said:

I'm still  waiting for the letter to open the new RS. I applied the first date of issue 25/7.

Mine was opened the same day I applied. You don't need a letter, you can apply online now the old one is closed (I actually applied when the old one was still open and named RS but was working on the basis that it was no longer really a RS as after 31/7)

masonic

friolento said:

francoghezzi said:

friolento said:

MoneyMan01 said:

Has anyone had their interest paid yet, after requesting closure?

I'm debating whether the hassle is worth it. How much do you even gain by closing it early? Or are you closing it out of principle of them having around £20 worth of your money for 20ish days?

Yes, mine was paid within 24 hours

Sent a written request and the Rs that became an everyday saver has been closed and the interests paid in my nominated account very quickly. Still wondering why such an anachronistic process, but the interest has been obviously paid in the end

If it wasn’t for the anachronistic process, what would we have complained about this week? 😉😇

Imagine the fuss if it had been antediluvian