The Top Regular Savers Discussion Thread

PowerSavingMode

ernie-money said:

Sorry if the question has been asked before, but does anyone know; if you have a joint Virgin current account - would both account holders qualify for the regular savings account please?

RE: Virgin Money Regular Saver Exclusive Issue 2 

I believe so, according to a quick Google search:

"Yes, if you have a joint Virgin Money current account, both account holders would be eligible to open and benefit from the Regular Savings Account. The key is that the current account must be an eligible one, like the M Plus, M, or Club M account, not the Essential or Virgin Money Current Account. Both individuals named on the joint current account would then be able to access the linked savings account and its features, according to Virgin Money's website. "

I'd just try it and see what happens. If Virgin M say no, fair enough, but if they accept, great!

allegro120

ernie-money said:

Sorry if the question has been asked before, but does anyone know; if you have a joint Virgin current account - would both account holders qualify for the regular savings account please?

Yes, joint VM current account qualifies both account holders to have a regular saver each.

Bigwheels1111

Just got a nice surprise, FD reg saver matured today.
Also paid today into the savings account it used last year, I kept it open.
Matured and paid same day, a miracle for FD.
Just waiting for the new reg saver to open, applied yesterday.

pfpf

FD. can one open and fund the RS on say 28/5/2025 and then credit 1st of June onwards?

its stated that funding must be by SO, is that actually the case? can't transfer from current account? if its SO only can it be from another bank or again from your FD current account?

masonic

pfpf said:

FD. can one open and fund the RS on say 28/5/2025 and then credit 1st of June onwards?

its stated that funding must be by SO, is that actually the case? can't transfer from current account? if its SO only can it be from another bank or again from your FD current account?

It has to be by SO from your FD account or the payment will bounce. You can set up your own SO with a different date, but payments above the maximum balance for the account month will only earn interest at the standard savings account rate.

clairec666

pfpf said:

FD. can one open and fund the RS on say 28/5/2025 and then credit 1st of June onwards?

its stated that funding must be by SO, is that actually the case? can't transfer from current account? if its SO only can it be from another bank or again from your FD current account?

When I opened my account, a SO was set up automatically, and somewhere they stated that you can't change its date, only the amount. And it must come from your First Direct account. I have not tried to change mine, so can't confirm that they actually enforce these rules.

pfpf

thanks to you both. if only i'd actually done the difficult task of reading the OP....

Special conditions: Payments must be made by standing order from your First Direct current account and must be made on the monthiversary of the account being opened. If you pay in less than £300 per month then you can make up the extra  amount in future months - your maximum balance goes up by £300 per month. You must hold a First Direct 1st current account for as long as you hold this account. You can vary the standing order amount by telephone.

steven141

I have noticed that TSB quietly have also reduced their rwlegular saver from 6% to 5% APR https://www.tsb.co.uk/savings/monthly-saver.html

What_time_is_it

steven141 said:

I have noticed that TSB quietly have also reduced their rwlegular saver from 6% to 5% APR https://www.tsb.co.uk/savings/monthly-saver.html

Is that for existing accounts? Or just new ones?

pecunianonolet

What_time_is_it said:

steven141 said:

I have noticed that TSB quietly have also reduced their rwlegular saver from 6% to 5% APR https://www.tsb.co.uk/savings/monthly-saver.html

Is that for existing accounts? Or just new ones?

New accounts as rate is fixed and the drop was reported here a couple of days ago. My 6% reg saver matured today but currently there are still better accounts I can pour money in so won't be opening the 5% account now and wait it out to push any maturity dates further by delaying the opening.