The Top Regular Savers Discussion Thread

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

jameseonline

schiff said:

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.

I imagine that's standard maintenance tbh, I never seem to get my balances etc to show on app 1st thing in morning these days & no it isn't still available & I think having the 10% meant you wouldn't have been eligible for the lower rate one anyway, same with Nationwide previously aka only allowed 1 one of any issue 

masonic

savethepandas said:

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..

It's probably not a coincidence that it's way slower after the MSE weekly email went out. This week they decided to have a special feature on the top RS, including this one.

nomorekids

Speculator said:

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

• Interest is calculated daily and paid at the end of the 12-month term.

is on the keyfacts, are you sure?

Kim_13

31/3 is the interest payment date for the currently available EA, but they do not use the same date for all accounts. I also read end of term for Issue 8 and received interest at term end for previous Monmouthshire RS.

Nasqueron

mon3ysav3r said:

Aidanmc said:

subjecttocontract said:

I'm puzzled,
Why would someone open a Virgin account and not ensure they have either the Virgin App or a Virgin Security key/device to enable withdrawals ?

Don't you need one or the other to login on Virgin online banking site anyway.

There are 3 different "Virgin Money" web portals for Savings accounts:

- 08-xx-xx sort code with 7 character customer ID
- 05-xx-xx sort code with 10 character customer number
- 82-xx-xx sort code with 10 character customer number

I have multiple accounts with the first 08-xx and last 82-xx sort codes and have never needed an App or Keyfob to login

This was the problem I had when I was trying to get back into Virgin to do the switch back in June - I had an old current account and saver that were never closed despite me asking so I couldn't register as a new user, I have a 10 digit customer number but an 08 sort code, my old account number was 00000xxx almost as if I was in the first 1000 to register  

I did it through the website on the phone initially to try and get it all sorted but now exclusively app because it's so much quicker

Speculator

nomorekids said:

Speculator said:

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

• Interest is calculated daily and paid at the end of the 12-month term.

is on the keyfacts, are you sure?

yeah, you are right. 

I clicked on the regular saver T&Cs on the bottom of the page.

Regular Saver T&Cs (3).pdf