The Top Regular Savers Discussion Thread

where_are_we

I seem to remember in the distant past a maturing Virgin Money savings account not converting to an EA account the next day after maturity and continuing to pay the maturing savings account interest until the belated conversion. If this is the case, and you don`t need the money (I have enough in EA accounts to cover the many RS SO`s going out today) it may be slightly advantageous to sit tight at a possible 10% until they actually convert. I won`t be going as far as flaneurs_lobster and adding in £250 today to the RS! 

friolento

jaypers said:

How do I close my Virgin RS? I’ve logged into online banking and the only closure form I can find says ‘Current Account’ closure. TIA. 

That's the form you use, with the sort code and account number of your matured (or not yet matured) RS.

Section62

where_are_we said:

I seem to remember in the distant past a maturing Virgin Money savings account not converting to an EA account the next day after maturity and continuing to pay the maturing savings account interest until the belated conversion. If this is the case, and you don`t need the money (I have enough in EA accounts to cover the many RS SO`s going out today) it may be slightly advantageous to sit tight at a possible 10% until they actually convert. I won`t be going as far as flaneurs_lobster and adding in £250 today to the RS! 

I don't remember that.  But for a while some people got double interest if they closed the regular saver at the right time.  Eventually VM seemed to 'fix' this by taking the site down "for maintenance" at the crucial moment.

However, those RS accounts were on the VM online savings platform, not the ex-Clydesdale/Yorkshire platform the currently maturing RS account is on... so I wouldn't expect any of the historic RS interest glitches to happen this time round.

gt94sss2

Has anyone had any issues paying into a Nationwide RS recently? 

My standing order from Santander has been returned today and I recall others having similar issues in the past.

Was anyone able to work out what happened and who was responsible?

chris_the_bee

friolento said:

jaypers said:

How do I close my Virgin RS? I’ve logged into online banking and the only closure form I can find says ‘Current Account’ closure. TIA. 

That's the form you use, with the sort code and account number of your matured (or not yet matured) RS.

You have to empty the account first. Can move it all to easy access or withdraw all.

chris_the_bee

flaneurs_lobster said:

jaypers said:

How do I close my Virgin RS? I’ve logged into online banking and the only closure form I can find says ‘Current Account’ closure. TIA. 

Ignore the heading, just fill the form in regardless.

You have to empty the account first. Can move it all to easy access or withdraw all.

jaypers

Am I missing something or have Virgin launched a new Regular Saver paying 6.5%

https://uk.virginmoney.com/savings/products/regular_saver_exclusive_issue_3/

Middle_of_the_Road

jaypers said:

Am I missing something or have Virgin launched a new Regular Saver paying 6.5%

https://uk.virginmoney.com/savings/products/regular_saver_exclusive_issue_3/

Looks like it. Matures Aug 26.

jaypers

Middle_of_the_Road said:

jaypers said:

Am I missing something or have Virgin launched a new Regular Saver paying 6.5%

https://uk.virginmoney.com/savings/products/regular_saver_exclusive_issue_3/

Looks like it. Matures Aug 26.

Need them to hurry up and close my old one down now so I can apply haha. 

charlie12525

jaypers said:

Middle_of_the_Road said:

jaypers said:

Am I missing something or have Virgin launched a new Regular Saver paying 6.5%

https://uk.virginmoney.com/savings/products/regular_saver_exclusive_issue_3/

Looks like it. Matures Aug 26.

Need them to hurry up and close my old one down now so I can apply haha. 

No need to close the existing RS. I opened the new RS3 online. Transferred 250 from RS1 to RS3. Took 5 minutes.