The Top Regular Savers Discussion Thread

Speculator

NotWhereIWantToBe said:

Sorry another question.
Does anyone know when the money will be available to withdraw from the Virgin regular saver that ends on 31st July please ?
I would ideally use it to fund my other regular savers but unless it is available that day I won't be able to. 

I  think it's unlimited withdrawals and you can take money out anytime.

If you let it mature, you probably won't get your money until 1/8. 

Maybe withdraw your money on 30/7 and lose 2 days interest at 10%.

NotWhereIWantToBe

Thank you that's very helpful I appreciate it.

janusd

Speculator said:

NotWhereIWantToBe said:

Sorry another question.
Does anyone know when the money will be available to withdraw from the Virgin regular saver that ends on 31st July please ?
I would ideally use it to fund my other regular savers but unless it is available that day I won't be able to. 

I  think it's unlimited withdrawals and you can take money out anytime.
If you let it mature, you won't get your money until 1/8. 
Maybe withdraw your money on 30/7 and lose 1 days interest at 10%.

if I've been remembering the previous posts about this correctly (and someone will correct me if i'm not!) but you won't get your interest for July without either a) closing the account (guess you might as well wait for the account to be converted and then close that) or b) waiting until September (I think) for the quarterly interest (including the one month at 10%) on the converted account to be paid... but if your immediate concern is just getting the existing £3k balance, then yes you could withdraw that anytime.

Section62

SJMALBA said:

Does anyone know how long it takes to open RSs with Suffolk BS, and West Brom BS, as an existing customer? Same day, with Faster Payment possible on the day for 1st deposit, or is there paperwork sent out etc.?

The Suffolk online ones are immediately available for a debit card or FP deposit.  I think there's a prompt to make the first deposit during the application process.

friolento

Speculator said:

NotWhereIWantToBe said:

Sorry another question.
Does anyone know when the money will be available to withdraw from the Virgin regular saver that ends on 31st July please ?
I would ideally use it to fund my other regular savers but unless it is available that day I won't be able to. 

I  think it's unlimited withdrawals and you can take money out anytime.

If you let it mature, you won't get your money until 1/8. 

Maybe withdraw your money on 30/7 and lose 2 days interest at 10%.

It’s probably only pennies difference, but why withdraw from a 10% account to put the money into a much lower paying account? The lower paying account(s) will still be available after July 31.

NotWhereIWantToBe

friolento said:

Speculator said:

NotWhereIWantToBe said:

Sorry another question.
Does anyone know when the money will be available to withdraw from the Virgin regular saver that ends on 31st July please ?
I would ideally use it to fund my other regular savers but unless it is available that day I won't be able to. 

I  think it's unlimited withdrawals and you can take money out anytime.

If you let it mature, you won't get your money until 1/8. 

Maybe withdraw your money on 30/7 and lose 2 days interest at 10%.

It’s probably only pennies difference, but why withdraw from a 10% account to put the money into a much lower paying account? The lower paying account(s) will still be available after July 31.

Because I have multiple standing orders set up to go out on the 31st but no free cash to fund them .

Speculator

friolento said:

Speculator said:

NotWhereIWantToBe said:

Sorry another question.
Does anyone know when the money will be available to withdraw from the Virgin regular saver that ends on 31st July please ?
I would ideally use it to fund my other regular savers but unless it is available that day I won't be able to. 

I  think it's unlimited withdrawals and you can take money out anytime.

If you let it mature, you won't get your money until 1/8. 

Maybe withdraw your money on 30/7 and lose 2 days interest at 10%.

It’s probably only pennies difference, but why withdraw from a 10% account to put the money into a much lower paying account? The lower paying account(s) will still be available after July 31.

I probably won't because I have enough funds available in 5% instant access a/cs.

However, if I need the funds from my Virgin regular to help cover my standing orders, I would rather withdraw from the Virgin and lose 1 or 2 days interest than having to amend the dates of my standing orders to the 4th and then back to the 1st again.

Speculator

NotWhereIWantToBe said:

friolento said:

Speculator said:

NotWhereIWantToBe said:

Sorry another question.
Does anyone know when the money will be available to withdraw from the Virgin regular saver that ends on 31st July please ?
I would ideally use it to fund my other regular savers but unless it is available that day I won't be able to. 

I  think it's unlimited withdrawals and you can take money out anytime.

If you let it mature, you won't get your money until 1/8. 

Maybe withdraw your money on 30/7 and lose 2 days interest at 10%.

It’s probably only pennies difference, but why withdraw from a 10% account to put the money into a much lower paying account? The lower paying account(s) will still be available after July 31.

Because I have multiple standing orders set up to go out on the 31st but no free cash to fund them .

do you mean to go out on the 1st?

NotWhereIWantToBe

Speculator said:

NotWhereIWantToBe said:

friolento said:

Speculator said:

NotWhereIWantToBe said:

Sorry another question.
Does anyone know when the money will be available to withdraw from the Virgin regular saver that ends on 31st July please ?
I would ideally use it to fund my other regular savers but unless it is available that day I won't be able to. 

I  think it's unlimited withdrawals and you can take money out anytime.

If you let it mature, you won't get your money until 1/8. 

Maybe withdraw your money on 30/7 and lose 2 days interest at 10%.

It’s probably only pennies difference, but why withdraw from a 10% account to put the money into a much lower paying account? The lower paying account(s) will still be available after July 31.

Because I have multiple standing orders set up to go out on the 31st but no free cash to fund them .

do you mean to go out on the 1st?

Yes they will go out on the 1st but usually overnight on the 31st.

friolento

NotWhereIWantToBe said:

Speculator said:

NotWhereIWantToBe said:

friolento said:

Speculator said:

NotWhereIWantToBe said:

Sorry another question.
Does anyone know when the money will be available to withdraw from the Virgin regular saver that ends on 31st July please ?
I would ideally use it to fund my other regular savers but unless it is available that day I won't be able to. 

I  think it's unlimited withdrawals and you can take money out anytime.

If you let it mature, you won't get your money until 1/8. 

Maybe withdraw your money on 30/7 and lose 2 days interest at 10%.

It’s probably only pennies difference, but why withdraw from a 10% account to put the money into a much lower paying account? The lower paying account(s) will still be available after July 31.

Because I have multiple standing orders set up to go out on the 31st but no free cash to fund them .

do you mean to go out on the 1st?

Yes they will go out on the 1st but usually overnight on the 31st.

All banks will try again after about 14:00 on the 1st