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The Top Regular Savers Discussion Thread

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  • jameseonline
    jameseonline Posts: 1,087 Forumite
    1,000 Posts First Anniversary Name Dropper
    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.
  • clairec666
    clairec666 Posts: 298 Forumite
    100 Posts Name Dropper
    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!
  • mon3ysav3r
    mon3ysav3r Posts: 68 Forumite
    10 Posts Name Dropper Photogenic
    edited 1 August at 1:19PM
    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
    Hattie627 Posts: 356 Forumite
    100 Posts Second Anniversary Name Dropper
    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
    Bob2000 Posts: 315 Forumite
    100 Posts Name Dropper Photogenic
    edited 1 August at 10:18PM
    jaypers 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
    jameseonline Posts: 1,087 Forumite
    1,000 Posts First Anniversary Name Dropper
    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
    schiff Posts: 20,265 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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. 
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