The Top Regular Savers Discussion Thread

s71hj

Quick question about Natwest and RBS. In order to continue to meet the criteria for the associated current account you have to pay in £1250 a month . Myself and wife have sole and joint. Would a payment into the joint one count as meeting that criteria for both of us on all 3 accounts? 

jameseonline

s71hj said:

Quick question about Natwest and RBS. In order to continue to meet the criteria for the associated current account you have to pay in £1250 a month . Myself and wife have sole and joint. Would a payment into the joint one count as meeting that criteria for both of us on all 3 accounts? 

Would that be a Reward account?

s71hj

jameseonline said:

s71hj said:

Quick question about Natwest and RBS. In order to continue to meet the criteria for the associated current account you have to pay in £1250 a month . Myself and wife have sole and joint. Would a payment into the joint one count as meeting that criteria for both of us on all 3 accounts? 

Would that be a Reward account?

Yes, it is

allegro120

s71hj said:

Quick question about Natwest and RBS. In order to continue to meet the criteria for the associated current account you have to pay in £1250 a month . Myself and wife have sole and joint. Would a payment into the joint one count as meeting that criteria for both of us on all 3 accounts? 

I don't think it will cover other 2 accounts.  In my understanding it is £1250 per account, not per person, but I might be wrong.

surreysaver

allegro120 said:

s71hj said:

Quick question about Natwest and RBS. In order to continue to meet the criteria for the associated current account you have to pay in £1250 a month . Myself and wife have sole and joint. Would a payment into the joint one count as meeting that criteria for both of us on all 3 accounts? 

I don't think it will cover other 2 accounts.  In my understanding it is £1250 per account, not per person, but I might be wrong.

According to a poster who corrected me on this issue, it does 
https://forums.moneysavingexpert.com/discussion/6616817/natwest-reward-account-how-quickly-can-i-take-the-1250-payment-out/p2#latest

BestSeagull

ForumUser7 said:

Anyone's Green Regular Savers and Regular Monthly Savers at Darlington state Easy Access Saver @ 2.50%?

I had the regular monthly saver with Darlington which has, as you say, converted to an easy access saver. I was speaking to them about something else and it came up in the conversation that this was going to happen. They said customers had been notified. I didn't question it as I assumed that I must have missed whatever they sent but sounds like maybe some of us didn't get the memo! 

I was hanging on to it just in case it became competitive again on the way down but to be honest, I'm quite happy to have it off my RS list now.

ForumUser7

BestSeagull said:

ForumUser7 said:

Anyone's Green Regular Savers and Regular Monthly Savers at Darlington state Easy Access Saver @ 2.50%?

I had the regular monthly saver with Darlington which has, as you say, converted to an easy access saver. I was speaking to them about something else and it came up in the conversation that this was going to happen. They said customers had been notified. I didn't question it as I assumed that I must have missed whatever they sent but sounds like maybe some of us didn't get the memo! 

I was hanging on to it just in case it became competitive again on the way down but to be honest, I'm quite happy to have it off my RS list now.

No notification here either. Would suggest all forumites affected who were not properly notified contact Darlington BS. If it’s only like one or two of us it’s potentially a postal issue, but if it’s more wide spread perhaps they forgot to issue the notification to part of the mailing list or something.

akh43

Re the Virgin 10% RS which recently closed, I transferred out the balance £3,137.93 once it changed to the EA in the early hours, but wasn't sure if any further interest was due as it last received interest of £64.10 on 30 June and then paid my final £250 on 3 July which brought the balance to what I withdrew, so wondering if there is a bit of interest due for July.  Looking to finally get rid of Virgin once everything is sorted. 

HHUK

akh43 said:

Re the Virgin 10% RS which recently closed, I transferred out the balance £3,137.93 once it changed to the EA in the early hours, but wasn't sure if any further interest was due as it last received interest of £64.10 on 30 June and then paid my final £250 on 3 July which brought the balance to what I withdrew, so wondering if there is a bit of interest due for July. Looking to finally get rid of Virgin once everything is sorted. 

Does the new Virgin Regular Saver Exclusive Issue 3 offering 6.5% (fixed) not appeal?
I understand from previous comments on this thread that the interest for July will be paid at the end of September, unless you close the account that matured before then.

akh43

No it doesn't really appeal, I have a 6.50% Nationwide, 6.25% Skipton and 5.74% Coventry and decided to drop to 3 RS for a while unless something higher than I have appears, which I doubt.  Not closed the Virgin EA I transferred the money out for now so its showing zero.  I don't really want to wait until September so maybe I should actually close the EA account to see if that generates the last bit of interest. Strange way of doing it giving the final interest so long after maturity.

All I have left with Virgin is the current with pennies in, the M Saver again with pennies in and the other 2 accounts at zero, hence why looking to get rid as have had many issues with Virgin over the past few years.  I only opened in the first place to get a good rate ISA several years ago and have never really used the current account, just used for savings.