The Top Regular Savers Discussion Thread

BestSeagull

Aldermore RS issue 1. I didn't notice any restriction on a 13th payment  but the website isn't allowing it. Can anyone clarify please?

surreysaver

BestSeagull said:

Aldermore RS issue 1. I didn't notice any restriction on a 13th payment  but the website isn't allowing it. Can anyone clarify please?

Maybe they're going to do a Gatehouse and refuse a 13th payment without it actually being in the T&Cs. My last payment is scheduled for tomorrow, so will have to see what happens.
What do you mean by the website isn't allowing it?  Are you trying to do an internal transfer?

Kazza242

Virgin Money have launched a new regular saver account, Regular Saver Exclusive (issue 2), paying 6.50% (fixed rate)

- Pay in up to £250 per month. 
- The maximum investment is £3,250.
- The account is available to new and existing Virgin Money current account customers
- Withdrawals permitted
- The account can be opened online or in branch.
- The account matures on the 29/05/2026.

It appears that you can only hold one issue of the Regular Saver Exclusive account (there is an eligibility checker on the VM webpage) that states this:

• You can only have one Regular Saver Exclusive opened in your name at any time

Therefore, if you already have issue 1 of this regular saver, then you're not eligible to open issue 2 as well.

Link here

trickydicky14

Kazza242 said:

Virgin Money have launched a new regular saver account, Regular Saver Exclusive (issue 2), paying 6.50% (fixed rate)

- Pay in up to £250 per month. 
- The maximum investment is £3,250.
- The account is available to new and existing Virgin Money current account customers
- Withdrawals permitted
- The account can be opened online or in branch.
- The account matures on the 29/05/2026.

Link here

I have just tried to open this account and it wont let me. I still have running the great 10% Regular saver that was available last year. The terms of the new one says, you can only have one 'regular saver exclusive' my 10% RS is just called regular saver not 'exclusive'. So do you think if you have a RS of any sort you can't have this one.

trickydicky14

Kazza242 said:

Virgin Money have launched a new regular saver account, Regular Saver Exclusive (issue 2), paying 6.50% (fixed rate)

- Pay in up to £250 per month. 
- The maximum investment is £3,250.
- The account is available to new and existing Virgin Money current account customers
- Withdrawals permitted
- The account can be opened online or in branch.
- The account matures on the 29/05/2026.

It appears that you can only hold one issue of the Regular Saver Exclusive account (there is an eligibility checker on the VM webpage) that states this:

• You can only have one Regular Saver Exclusive opened in your name at any time

Therefore, if you already have issue 1 of this regular saver, then you're not eligible to open issue 2 as well.

Link here

Just tried and the answer is NO.

mon3ysav3r

For the Virgin Money RS you need to already have an eligible current account, one of: M Plus Account, M Account, or Club M Account

janusd

trickydicky14 said:

Kazza242 said:

Virgin Money have launched a new regular saver account, Regular Saver Exclusive (issue 2), paying 6.50% (fixed rate)

- Pay in up to £250 per month. 
- The maximum investment is £3,250.
- The account is available to new and existing Virgin Money current account customers
- Withdrawals permitted
- The account can be opened online or in branch.
- The account matures on the 29/05/2026.

Link here

I have just tried to open this account and it wont let me. I still have running the great 10% Regular saver that was available last year. The terms of the new one says, you can only have one 'regular saver exclusive' my 10% RS is just called regular saver not 'exclusive'. So do you think if you have a RS of any sort you can't have this one.

in the welcome email last August, it says "exciting news – your Regular Saver Exclusive account is now open"... so it was referred to as 'Exclusive' in its title at launch and therefore we can't get Issue 2 until Issue 1 matures in August (assuming it's still available and would then only be a 10-month account!).

clairec666

Kazza242 said:

Virgin Money have launched a new regular saver account, Regular Saver Exclusive (issue 2), paying 6.50% (fixed rate)

- Pay in up to £250 per month. 
- The maximum investment is £3,250.
- The account is available to new and existing Virgin Money current account customers
- Withdrawals permitted
- The account can be opened online or in branch.
- The account matures on the 29/05/2026.

It appears that you can only hold one issue of the Regular Saver Exclusive account (there is an eligibility checker on the VM webpage) that states this:

• You can only have one Regular Saver Exclusive opened in your name at any time

Therefore, if you already have issue 1 of this regular saver, then you're not eligible to open issue 2 as well.

Link here

Ooh, that's tempting. Thanks for alerting us to it. I'm still gutted I didn't notice the 10% account until it after it was withdrawn!

I've got so many regular savers on the go that I don't really need another, but... (Anyone else here have a bit of an addiction to regular savers?)

schiff

My own record of the current version shows its title as Virgin RS Exclusive Issue 2 though I have nothing from Virgin that confirms that. I probably got it from postings on this thread where I get most of my news. My record shows the maturity date as 31/7/25 and my first deposit was on 8/8/24.
In any event sacrificing 10% interest on £2500 odd for 3 months to have this new version doesn't appeal.

BestSeagull

surreysaver said:

BestSeagull said:

Aldermore RS issue 1. I didn't notice any restriction on a 13th payment  but the website isn't allowing it. Can anyone clarify please?

Maybe they're going to do a Gatehouse and refuse a 13th payment without it actually being in the T&Cs. My last payment is scheduled for tomorrow, so will have to see what happens.
What do you mean by the website isn't allowing it?  Are you trying to do an internal transfer?

Thank you. Yes, exactly that. I get this message.

• Exceeds product maximum balance by £300.00