The Top Regular Savers Discussion Thread

PowerSavingMode

Bridlington1 said:

PowerSavingMode said:

HHUK said:

Virgin 

It's belatedly dawned on me that the bonus 10% interest being paid on balances up to £1000 in the associated current account ended on 30 June. So I guess now many of us are in the process of closing our Virgin regular savers it's time to move most if not all of that £1000 elsewhere, if we haven't already.

Virgin RS and current a/c

Oh geez, should have read the small(er) print; I didn't see anything about 'the bonus 10% interest being paid on balances up to £1000 in the associated current account' — drat.

That was for their switching offer only, having the regular saver in of itself did not make you eligible for the 10% bonus rate on the current account.

Ah, thanks. Makes me feel better, that does. Didn't switch.

Bobblehat

WillPS said:

Bobblehat said:

WillPS said:

subjecttocontract said:

Monmouth BS Reg Saver.........I'm in no rush. I don't care if they take 5 days or 50 days as they won't be getting any deposit money from me until they process my application. Seems like the disadvantage is all theirs.....

When the rate drops it'll drop for everyone on the same date(s). Every day missed is a day you won't get the headline rate, and will instead get a day at whatever rate exists in a year's time (not much if last year's Exclusive Regular Saver is anything to go by).

Only relevant if you have the money to put in there now! 

I mean yeah, sure, but isn't that the case with all savings accounts of any sort!?

.... and couldn't your last comment be applied to your original comment too?

"When the rate drops it'll drop for everyone on the same date(s). Every day missed is a day you won't get the headline rate, and will instead get a day at whatever rate exists in a year's time (not much if last year's Exclusive Regular Saver is anything to go by)."

Which leaves me wondering what the point of the comment was? If you have the money to open early, you have the choice to do so or not. If you don't have the money to open early then it's Hobson's choice! I'm always open to being educated ... but might need it spelling out simply at times!

trickydicky14

Bobblehat said:

Monmouthshire BS ..... Please use our App .... Pretty Please 



I'll wait .....! (in the style of Little Britain)

Yes I had that as well, even though my account is open and funded.

Bob2000

Monthshire building society  APP

Well,l was still waiting for the email off Mons from my application  last Thurs/Fri.
When about 6pm tonight received  a email of them telling me to get the all singing all dancing shiny new fangled app.and speed up my acceptance. 

Took the bait and have now just spent 40 minutes  trying to get the thing to work. Eventually, I got to the end, l think, and there is no record of me being a customer!

I'll wait for the postman.

dealyboy

Virgin RS transfer out via telephone banking

With a member of the telephone banking team I have just set up a new telephone banking payee on my current account, there is a limit of £5,000 in two transactions to transfer from the current account to an external account using telephone banking. Tomorrow, firstly I will transfer the RS balance to the CA and then I will make a call to telephone banking, then I will ask to transfer the amount to my external account and the colleague will connect me to 'the machine'. I will say my 4 digit security code not on speakerphone and then enter the payee item no. and the amount to transfer, in my case it is under £2,500 so only one transfer is needed. It should go by faster payment.

Note: telephone banking payees and online banking payees are held separately

savethepandas

Bob2000 said:

Monthshire building society  APP

Well,l was still waiting for the email off Mons from my application  last Thurs/Fri.
When about 6pm tonight received  a email of them telling me to get the all singing all dancing shiny new fangled app.and speed up my acceptance. 

Took the bait and have now just spent 40 minutes  trying to get the thing to work. Eventually, I got to the end, l think, and there is no record of me being a customer!

I'll wait for the postman.

Started the application during Pointless roughly 17:30-17:45, got the we will be a "few minutes" processing the application. FInally processed at 22:45, thought a few would be 3 or 4 minutes, not 300..

Speculator

Just realised the interest payment date for the Monmouthshire 6% is around 31/3. May have to reduce my monthly payments to £10.

WillPS

Bobblehat said:

WillPS said:

Bobblehat said:

WillPS said:

subjecttocontract said:

Monmouth BS Reg Saver.........I'm in no rush. I don't care if they take 5 days or 50 days as they won't be getting any deposit money from me until they process my application. Seems like the disadvantage is all theirs.....

When the rate drops it'll drop for everyone on the same date(s). Every day missed is a day you won't get the headline rate, and will instead get a day at whatever rate exists in a year's time (not much if last year's Exclusive Regular Saver is anything to go by).

Only relevant if you have the money to put in there now! 

I mean yeah, sure, but isn't that the case with all savings accounts of any sort!?

.... and couldn't your last comment be applied to your original comment too?

"When the rate drops it'll drop for everyone on the same date(s). Every day missed is a day you won't get the headline rate, and will instead get a day at whatever rate exists in a year's time (not much if last year's Exclusive Regular Saver is anything to go by)."

Which leaves me wondering what the point of the comment was? If you have the money to open early, you have the choice to do so or not. If you don't have the money to open early then it's Hobson's choice! I'm always open to being educated ... but might need it spelling out simply at times!

It was in response to someone inferring there was no reason to hurry to get the account opened.

And no - Fixed Rate accounts are worth getting opened so long as you've enough to satisfy the minimum deposit(s). It's also worth delaying the first payment as long as possible in those circumstances.

schiff

Is the Virgin RS Exclusive (Issue 2) at 6.50% still available?
The website and App having big problems so can't really check.
Managed to withdraw the full balance of the 10% - couldn't do anything on the app but it worked online.

gt94sss2

schiff said:

Is the Virgin RS Exclusive (Issue 2) at 6.50% still available?

No, Virgin Money do not currently offer a regular saver account