The Top Regular Savers Discussion Thread

clairec666

Middle_of_the_Road said:

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 😃

Some even have 3 

mon3ysav3r

I only really started opening Regular Savers in anger this year, I appear to have over 40 already! I feed them from easy access accounts with lower rates, so slowly but surely my average interest rate goes up every month - until the next BOE rate cut of course. 

Hattie627

mon3ysav3r said:

I only really started opening Regular Savers in anger this year, I appear to have over 40 already! I feed them from easy access accounts with lower rates, so slowly but surely my average interest rate goes up every month - until the next BOE rate cut of course. 

If you have as many as possible of the high fixed rate ones (eg Club Lloyds, First Direct, VM) you can protect your average rate going down too much with base rate falls, for a while anyway.

Bob2000

charlie12525 said:

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.

Ditto.
I may ditch that pain in the a** monmouthshire RS now.

jameseonline

I've triggered the Virgin Money anti fraud team, I'm on hold to them at the mo, I was almost done funding my other regular savings accounts too, meh, only had a Principality or 2 left to fund.

Hardly unusual behaviour to be honest I always move money at the start of the month to do this.

The only thing different is I've transferred out of the matured regular saver into my current account.

schiff

I applied for the new Virgin online even though the emptied version was still showing as a regular saver but with a zero balance. I just said that I held no other RS. Application went through without a hitch but they 'need to go over it in more detail' and I'll hear in two working days. Why it wasn't automatic as others have found I've no idea. 

chris_the_bee

friolento said:

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.

That is what they say.

We recently received an online request to close your savings account, unfortunately we are unable to action this request at the moment due to the account having a credit balance. Please transfer all the money in your account to another account and resubmit the closure request online.

 Kind Regards

 Alistair

Virgin Money Admin Team

arfster

clairec666 said:

Middle_of_the_Road said:

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 😃

Some even have 3 

As do their spouses :-) And any joint accounts .....

jameseonline

jameseonline said:

I've triggered the Virgin Money anti fraud team, I'm on hold to them at the mo, I was almost done funding my other regular savings accounts too, meh, only had a Principality or 2 left to fund.

Hardly unusual behaviour to be honest I always move money at the start of the month to do this.

The only thing different is I've transferred out of the matured regular saver into my current account.

Spoke to someone and even said to the guy I was on webchat earlier saying I would be transferring money from regular saver today and out of virgin.

As soon as it seemed like I was getting anywhere I get cut off, the app now appears to be playing up, I'm now on my 2nd call, ARGH😤 

jameseonline

jameseonline said:

jameseonline said:

I've triggered the Virgin Money anti fraud team, I'm on hold to them at the mo, I was almost done funding my other regular savings accounts too, meh, only had a Principality or 2 left to fund.

Hardly unusual behaviour to be honest I always move money at the start of the month to do this.

The only thing different is I've transferred out of the matured regular saver into my current account.

Spoke to someone and even said to the guy I was on webchat earlier saying I would be transferring money from regular saver today and out of virgin.

As soon as it seemed like I was getting anywhere I get cut off, the app now appears to be playing up, I'm now on my 2nd call, ARGH😤 

Basically been told they can't call back if I get cut off & they can't do f all at the moment because systems are playing up & to expect a call back when they can do things, I had plans today regardless of funding other savings accounts 😔