The Top Regular Savers Discussion Thread

clairec666

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/

Is this distinct from the one that was launched in May? Can we have one of each?

Middle_of_the_Road

clairec666 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/

Is this distinct from the one that was launched in May? Can we have one of each?

It is, but we can't have both 😞

friolento

chris_the_bee said:

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.

I don’t think you have to but you can.

jameseonline

Middle_of_the_Road said:

clairec666 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/

Is this distinct from the one that was launched in May? Can we have one of each?

It is, but we can't have both 😞

Seems you can because apparently the 10% has matured it's just the name hasn't updated yet but will at close of business, also people seem to have opened the new 1 & funded it 

MoneyMan01

Why would someone choose that Virgin Money 6.5% RS over say the Co-Op 7% RS? Or is it a case people are opening both?

Section62

Middle_of_the_Road said:

clairec666 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/

Is this distinct from the one that was launched in May? Can we have one of each?

It is, but we can't have both 😞

And with VM's closure team apparently snowed under with requests to close issue 1 accounts it might be unwise to try closing an issue 2 account to become eligible for an issue 3 one.  (Or at least not until the chaos has settled down)

jameseonline

MoneyMan01 said:

Why would someone choose that Virgin Money 6.5% RS over say the Co-Op 7% RS? Or is it a case people are opening both?

As pointed out in the other thread people have multiple regular savers because they have a lot of funds.

Middle_of_the_Road

MoneyMan01 said:

Why would someone choose that Virgin Money 6.5% RS over say the Co-Op 7% RS? Or is it a case people are opening both?

Yes, some people have two regular savers 😃

clairec666

Middle_of_the_Road said:

clairec666 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/

Is this distinct from the one that was launched in May? Can we have one of each?

It is, but we can't have both 😞

Never mind... I don't think I would have enough money to fund it anyway!

janusd

jameseonline said:

Middle_of_the_Road said:

clairec666 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/

Is this distinct from the one that was launched in May? Can we have one of each?

It is, but we can't have both 😞

Seems you can because apparently the 10% has matured it's just the name hasn't updated yet but will at close of business, also people seem to have opened the new 1 & funded it 

note the poster said they already had Issue 2, so they wouldn't be entitled to open Issue 3 - just the same as when I was unable to open Issue 2 in May because I had Issue 1.

for those who have Issue 1 and it's still showing in the accounts, when opening Issue 3, tell them that you don't have an Exclusive RS and it will allow you to open the account - it will show up in the list of accounts as "Regular Saver 3", whereas the Issue 1 still appears (at least today) as "Regular Saver"... there is no need to empty or close the RS 1 account before opening RS3.