The Top Regular Savers Discussion Thread

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

francoghezzi

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

Having already £2500 in the 10% RS means that from today till end of July I will receive roughly £80 in interests on top of £75 already paid. The new RS would give me roughly £115-125 in a year time. Nice try Virgin, but no thank you

friolento

friolento said:

Middle_of_the_Road said:

Bridlington1 said:

Middle_of_the_Road said:

Bridlington1 said:

Just a reminder Hanley Economic BS Online Regular Saver (NLA) reduces from 5% to 4.7% from 1/5/25 (tomorrow).

Thanks for the reminder.
I'm contemplating favouring my Cov.FHS2  this month @ 4.8%.
Are there any terms for Hanley on minimum deposit, or missing monthly deposits?

From the Ts&Cs:

The account must be opened with £1,000.

The minimum balance is £1,000, the maximum balance is £100,000.

A subscription of between £250 and £1,000 should be received each calendar month and you can vary the amount you wish to save. You can make more than one subscription per month providing the maximum subscription is not exceeded. You can make subscriptions by Standing Order, Bank Transfer or Debit Card. Please note Debit Card deposits can be only be made via the Online Portal/Mobile App.

If no subscriptions are made for 3 consecutive months or if 3 or more monthly subscriptions are missed throughout the anniversary year the Society, after giving you 60 days notice of our intention to do so, reserves the right to close the account and either return the balance or transfer it to an Instant Access Account.

You can make 5 withdrawals per tax year (6 April to 5 April) without penalty. All other withdrawals are subject to 30 days loss of interest on the amount withdrawn. Withdrawals will be made to the nominated bank account provided at the time of opening the account. £1,000 must remain in the account following a withdrawal.

https://web.archive.org/web/20231209161548/https://thehanley.co.uk/savings-accounts/

Thanks, will reduce the deposit to £250 going forward.

I have withdrawn my balance bar £1 and will chance no deposits for the next few months to see how they react 

HEBS appear to be very sharp. I already had an email reminding me that the min balance is £1,000 and that they would close my account in 60 days if my withdrawal was intentional. I duly made a £1,000 deposit as I don't want to give up that account - yet.

easysaver

BestSeagull said:

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

Aldermore RS
It uses the same platform (Newcastle BS white label - www.newcastlesolutions.co.uk) as Gatehouse so I wonder if that's the reason?

Newcastle BS RS has a max of 12 payments according to my records but Aldermore and Ford (same platform) should allow 13. Not checked with Bridlington's info on the 1st page though. 

judgingjudy

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.

I’m looking to take a new mortgage out shortly so don’t want to have any new footprints on my credit report - would anybody know if there’s a Virgin Money account I could open which would allow me to access this new RS which wouldn’t require a credit check?

Thanks in advance if anybody knows!

janusdesign

judgingjudy 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.

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.

I’m looking to take a new mortgage out shortly so don’t want to have any new footprints on my credit report - would anybody know if there’s a Virgin Money account I could open which would allow me to access this new RS which wouldn’t require a credit check?

Thanks in advance if anybody knows!

I doubt there are any - the RS account requires a Virgin Money current account and even on their most basic current account, it says...

If you apply for our standard account - the M Plus Account - or one of our other accounts, we’ll check your credit file to see if it’s right for you. If we can’t offer you one of these, we’ll see if you’d like the M Account instead.

There’ll be a footprint (a record of the search, in case you were wondering) on your credit file so other providers, like banks and building societies, can see that you’ve applied for an account.

jaypers

Virgin RS - Like many, I have the one paying 10%. It just says ‘Regular Saver’ including on the statements. How do I know if it’s classed as ‘Exclusive’ and has anyone confirmed you can’t open the new one alongside the other? 

apt

Looks like new owner Nationwide is not upholding the tradition of Virgin Regular Savers which allowed you to have one of each issue. People used to go down to the branch about every 6 weeks to open another 3% regular saver. The new account won't be of any interest for those with the 10% RS unless it is still available in August.

flaneurs_lobster

jaypers said:

Virgin RS - Like many, I have the one paying 10%. It just says ‘Regular Saver’ including on the statements. How do I know if it’s classed as ‘Exclusive’ and has anyone confirmed you can’t open the new one alongside the other? 

Read the previous couple of pages. 

The 10% saver was/is described as an "Exclusive" in the email confirming its opening.

Yes it's been confirmed (by me and others) that you can't have both.