The Top Regular Savers Discussion Thread

janusd

jameseonline said:

Can someone remind me about the 10% Virgin Regular?

Is it ending on 31st July?🤔

Is there 1 payment due end of this month & then another end of July?🤔

from the PDF...

We work out how much interest to pay you at the end of each day. This is based on the money in your account. We’ll add any interest on the last working day in March, June, September, and December.

it's down on my spreadsheet as paying out at the end of this month and, I assume, at maturity - though the pdf is vague on that last bit... it could be read as maturing into an Everyday Saver with the interest paid in September... though I would imagine you could close the ES account after maturity to get the interest earlier.

jameseonline

janusdesign said:

jameseonline said:

Can someone remind me about the 10% Virgin Regular?

Is it ending on 31st July?🤔

Is there 1 payment due end of this month & then another end of July?🤔

from the PDF...

We work out how much interest to pay you at the end of each day. This is based on the money in your account. We’ll add any interest on the last working day in March, June, September, and December.

it's down on my spreadsheet as paying out at the end of this month and, I assume, at maturity - though the pdf is vague on that last bit... it could be read as maturing into an Everyday Saver with the interest paid in September... though I would imagine you could close the ES account after maturity to get the interest earlier.

Yea it's what I'm trying to workout, so far I've had interest payments of:

£5.82, £25.28, £43.58
Sept, Dec, March

mhoc

OK so I rang the Tipton and because I've got the app the smallest balance for the 60 day notice would be £1000 or for the air ambulance saver would be £100 - I was hoping for an easy access with £1 or £10 but thats not possible so I've closed the Tipton account altogether 
I do like to support the smaller building societies but with the over abundance of Principality accounts with far better savings rates the Tipton wont be missed. 

Nasqueron

jameseonline said:

janusdesign said:

jameseonline said:

Can someone remind me about the 10% Virgin Regular?

Is it ending on 31st July?🤔

Is there 1 payment due end of this month & then another end of July?🤔

from the PDF...

We work out how much interest to pay you at the end of each day. This is based on the money in your account. We’ll add any interest on the last working day in March, June, September, and December.

it's down on my spreadsheet as paying out at the end of this month and, I assume, at maturity - though the pdf is vague on that last bit... it could be read as maturing into an Everyday Saver with the interest paid in September... though I would imagine you could close the ES account after maturity to get the interest earlier.

Yea it's what I'm trying to workout, so far I've had interest payments of:

£5.82, £25.28, £43.58
Sept, Dec, March

Much the same - £5.89, £25.22, £43.48 guessing last will be about 60-70

Not sure why I thought it but I have a note it would be £3162 total finished, I think more likely £3130-40 depending on the last month

badger09

I’ve had £5.89 £25.29 & £43.58. Do I win the prize?

I’m expecting another interest payment 30 June and again on maturity 31 July

The KPI suggests a final balance on maturity of £3162.40 based on assumed payment date 1st, full £250 every month & no withdrawals. There is no mention of it morphing into any other account so I’m expecting VM to offer maturity instructions by mid July. 

alfred64

mhoc said:

OK so I rang the Tipton and because I've got the app the smallest balance for the 60 day notice would be £1000 or for the air ambulance saver would be £100 - I was hoping for an easy access with £1 or £10 but thats not possible so I've closed the Tipton account altogether 
I do like to support the smaller building societies but with the over abundance of Principality accounts with far better savings rates the Tipton wont be missed. 

Wouldn't the double access account be of any use to you?  3.45% .

  Generally, yes, their rates are poor in comparison and the range of accounts limited but as you state, they are a  small society and they are already reducing branch opening hours due to falling off of customer use.
 It would be a pity to lose yet another bs in the general run of things.
 

PloughmansLunch

mhoc said:

OK so I rang the Tipton and because I've got the app the smallest balance for the 60 day notice would be £1000 or for the air ambulance saver would be £100 - I was hoping for an easy access with £1 or £10 but thats not possible so I've closed the Tipton account altogether 
I do like to support the smaller building societies but with the over abundance of Principality accounts with far better savings rates the Tipton wont be missed. 

I left my Tipton RS to mature then skimmed off most of the balance, and was left with an Easy Acc Maturity Saver (App) account at 3.05% which has about £11 rattling around in there

SJMALBA

badger09 said:

I’ve had £5.89 £25.29 & £43.58. Do I win the prize?

I’m expecting another interest payment 30 June and again on maturity 31 July

The KPI suggests a final balance on maturity of £3162.40 based on assumed payment date 1st, full £250 every month & no withdrawals. There is no mention of it morphing into any other account so I’m expecting VM to offer maturity instructions by mid July. 

The KPI states 'Once the fixed term ends your account will become a variable rate Everyday Saver account (or other easy access account we’ve available). We’ll write to you before the end of the fixed term to let you know the options available to you, as well as advising you of the interest rate currently payable on the variable rate account.'

Kim_13

PloughmansLunch said:

mhoc said:

OK so I rang the Tipton and because I've got the app the smallest balance for the 60 day notice would be £1000 or for the air ambulance saver would be £100 - I was hoping for an easy access with £1 or £10 but thats not possible so I've closed the Tipton account altogether 
I do like to support the smaller building societies but with the over abundance of Principality accounts with far better savings rates the Tipton wont be missed. 

I left my Tipton RS to mature then skimmed off most of the balance, and was left with an Easy Acc Maturity Saver (App) account at 3.05% which has about £11 rattling around in there

Same, obviously the maturity accounts had a lower minimum balance than the Easy Access accounts that are available to open. As a 60 Day Notice wouldn’t mature, OP would have been ineligible for a maturity account.

Dizzycap

Aidanmc said:

Is there a way to see linked bank account detail on Progressive BS site?

When i click 'view account' then 'edit linked bank account' nothing happens?

It wotks fine with the Mozilla Browser. Click on the 'edit bank account' and your already linked bank account shows at the top of the pop up box. Make sure you haven't got a pop-up blocker as the box won't appear