Virgin Money M Plus Saver

HillStreetBlues

Can it be closed while keeping the current account?

jameseonline

They are linked so I'm guessing no

badger09

HillStreetBlues said:

Can it be closed while keeping the current account?

jameseonline said:

They are linked so I'm guessing no

I closed my linked saver last month a few days before switching the associated current account. Had to be done by phone though. 

edited to correct predictive text!

Eco_Miser

HillStreetBlues said:

Can it be closed while keeping the current account?

What's the point of that?

I've had the saver at zero balance for years, it's not doing any harm, closing it requires doing something, and one day it just might be competitive again.

trickydicky14

HillStreetBlues said:

Can it be closed while keeping the current account?

I had two Virgin C/As in the past with two linked savings accounts. I moved the two C/As for cash incentives but was left with the two savings accounts with nothing in them and as it was a hassle to close them, I just forgot about them.

I’m glad I did as now I wanted to go back to Virgin for the 5.05% ISA and the 10% regular saver and having those inactive savings accounts allowed to still login and open a new C/A, an ISA and a regular saver in no time and that was around two years since I last used that account so I would keep the savings account.

simonsmithsays

I've been closing over 50 of the Virgin Current accounts bit by bit, via branch, over the last few weeks.

I'm left with half a dozen.

But I'd love to close the associated savings accounts.

Main reason for closing them is I'm unable to login online (I can via the app).

This made opening the RS a little tricky.

The Technical Department have had two attempts at sorting me but seem out of their depth.

Hence me getting rid of the vast (and unused in the last three years) C/As to see if that helps matters.

jameseonline

simonsmithsays said:

I've been closing over 50 of the Virgin Current accounts bit by bit, via branch, over the last few weeks.

I'm left with half a dozen.

But I'd love to close the associated savings accounts.

Main reason for closing them is I'm unable to login online (I can via the app).

This made opening the RS a little tricky.

The Technical Department have had two attempts at sorting me but seem out of their depth.

Hence me getting rid of the vast (and unused in the last three years) C/As to see if that helps matters.

Over 50 Virgin Money Current Accounts?, why so many?

simonsmithsays

jameseonline said:

simonsmithsays said:

I've been closing over 50 of the Virgin Current accounts bit by bit, via branch, over the last few weeks.

I'm left with half a dozen.

But I'd love to close the associated savings accounts.

Main reason for closing them is I'm unable to login online (I can via the app).

This made opening the RS a little tricky.

The Technical Department have had two attempts at sorting me but seem out of their depth.

Hence me getting rid of the vast (and unused in the last three years) C/As to see if that helps matters.

Over 50 Virgin Money Current Accounts?, why so many?

It was at the time they were offering a market leading 2% on balances upto £1k on each CA.

Like many on here I skimmed the monthly interest off each month.

HillStreetBlues

To why I want to close it, two reasons.
Personal preference, I close accounts that I'm not using, can always get a another one later. I'd rather be given the choice to opening a savings account.

jameseonline

HillStreetBlues said:

To why I want to close it, two reasons.
Personal preference, I close accounts that I'm not using, can always get a another one later. I'd rather be given the choice to opening a savings account.

I think you would have to ask Virgin, surely you knew you would get a linked savings account when you opened the current account?.

jameseonline

simonsmithsays said:

jameseonline said:

simonsmithsays said:

I've been closing over 50 of the Virgin Current accounts bit by bit, via branch, over the last few weeks.

I'm left with half a dozen.

But I'd love to close the associated savings accounts.

Main reason for closing them is I'm unable to login online (I can via the app).

This made opening the RS a little tricky.

The Technical Department have had two attempts at sorting me but seem out of their depth.

Hence me getting rid of the vast (and unused in the last three years) C/As to see if that helps matters.

Over 50 Virgin Money Current Accounts?, why so many?

It was at the time they were offering a market leading 2% on balances upto £1k on each CA.

Like many on here I skimmed the monthly interest off each month.

2% isn't a lot & can't have been market leading for long, surely there were better ways to distribute over 50K? 🤔

Things aren't computing in my head.