The Top Regular Savers Discussion Thread

Kim_13

ChewyyBacca said:

zombie404 said:

crumpet_man said:

For those who have closed the matured Virgin RS, what was the interest received upon closure?  Not the total interest received, just the last payment.

Trying to work out if it is worth the time to phone up Virgin to close the account (already tried online, still waiting for it to be done) as all I am missing out on is the interest I could receive on the final interest payment.

Got £26.66 yesterday when mine was closed 

Did you use the online link to close?
I used online link for account closure, gave all the details on 1 Aug, sent secure message on 5th Aug asking why it isnt closed yet, Im told I need to write to them for closure for 'this' kind of account.
 

Is there possibly a difference between how it is processed if it was requested while the account was still a RS vs requests submitted once the account had morphed into an Easy Access account? They wouldn’t be the first provider to make it very difficult to get rid of an EA.

zombie404

ChewyyBacca said:

zombie404 said:

crumpet_man said:

For those who have closed the matured Virgin RS, what was the interest received upon closure?  Not the total interest received, just the last payment.

Trying to work out if it is worth the time to phone up Virgin to close the account (already tried online, still waiting for it to be done) as all I am missing out on is the interest I could receive on the final interest payment.

Got £26.66 yesterday when mine was closed 

Did you use the online link to close?
I used online link for account closure, gave all the details on 1 Aug, sent secure message on 5th Aug asking why it isnt closed yet, Im told I need to write to them for closure for 'this' kind of account.
 

Yes on 1st August at 5:15am emptied account then logged in online not app and filled in details to close account and money went into my virgin current account on 5th August about 5:30pm.

Eco_Miser

crumpet_man said:

Rheumatoid said:

crumpet_man said:

For those who have closed the matured Virgin RS, what was the interest received upon closure?  Not the total interest received, just the last payment.

Trying to work out if it is worth the time to phone up Virgin to close the account (already tried online, still waiting for it to be done) as all I am missing out on is the interest I could receive on the final interest payment.

I got £26.64 just transferred into my current and RS closed.

Thank you and to zombie404

I make that about 22p in lost interest in waiting until end of September for the account to close automatically.

The account won't close automatically in September, although you will get the £26+ interest then, and further interest (if there's anything in the account to earn it) every quarter thereafter.

Slinky

DealSeeker11 said:

brucefan_2 said:

ThePirates said:

brucefan_2 said:

ThePirates said:

DealSeeker11 said:

Is anyone having problems logging on via Monbs app? Mine is stuck on the following screen but it’s not given me the options:

2-factor authentication

Please select an option below, to receive a six-digit verification code.

Yep, same problem.
Reinstall didn't help...

The app froze on me completely yesterday evening. Uninstalled and then re-installed. On Android

On opening the app was presented with the option of continuing as an 'Existing Customer' or 'New Customer'

As I had an account number and had seen the account in-app, 'Existing Customer' seemed the sensible route to take. Doing so brought up a screen with a further two options:

1. I have not registered for the app
2. I have registered for the app

Logic dictated that, having previously got as far as seeing my account (not registering my £5 deposit after several hours) that Option 2 was the path to go down ... at which point Monmouthshire decided it was appropriate on the next screen to tell me:

"We will now register your new phone or new number.
Please Select One of the following

1. I have a new phone
2. I am using a new number.

No, Monmouthshire, no - I don't have a new phone or new number. All I've done is re-install the app.

I don't think I'm missing something blindingly obvious here, but if so, apologies for casting criticism on the app flow, but I really don't see what I could be doing differently.

Yeap, been through the same process but can't get past the 2 factor missing info...

I'll give them a few days to clear the backlog then give them a ring.

Out of interest, have you managed to get this sorted i.e. choosing one of the two not-present options for 2FA (did nobody test the flow of this app before release?

I have reported this to MMS and their developers responded to me saying:

”We’re aware that some users have had issues receiving their 2-factor authentication codes. Our team is investigating this issue in order to release a fix to this - we’re sorry for the inconvenience."

I’ve also spoken to their CS who have confirmed the same but they were very helpful on the phone and gave me the assistance I needed.

I've just opened this account, and it took about 4 requests for a texted number before suddenly the screen changed so I could enter the number with my iphone allowing it to be entered across automatically.

Bridlington1

BOE base rate cut from 4.25% to 4%.

As a result the following cuts shall come into effect within 14 days:

Skipton BS Regular Saver (Issue 1) from 5.75% to 5.5%

Skipton BS Member Regular Saver (Issue 4) from 6.25% to 6%

I shall once again be maintaining a list of regular savers that have had their rates changed following the BOE base rate cut today, a list shall be posted once some more cuts have come in, a link shall be included on page 1 of the archived thread for ease of reference.

clairec666

The two Skipton regular savers both track the base rate, so we can be sure of their rate cuts. Presumably cuts to other variable rate accounts will be announced over the next few days.

Ones to keep an eye out for:
Cooperative - currently 7%, wasn't cut with the last BOE base rate cut
Nationwide - currently 6.5%, been at the same rate for quite a while now
Coventry Sunny Day Saver - currently 5.75%
NatWest/RBS - currently 5.5%, had a big cut recently so am optimistic that they won't cut it again so soon

Also worth keeping an eye on Principality to see if they introduce a 6 Month Regular Saver Issue 4 (and so the fun begins...)

s71hj

clairec666 said:

The two Skipton regular savers both track the base rate, so we can be sure of their rate cuts. Presumably cuts to other variable rate accounts will be announced over the next few days.

Ones to keep an eye out for:
Cooperative - currently 7%, wasn't cut with the last BOE base rate cut
Nationwide - currently 6.5%, been at the same rate for quite a while now
Coventry Sunny Day Saver - currently 5.75%
NatWest/RBS - currently 5.5%, had a big cut recently so am optimistic that they won't cut it again so soon

Also worth keeping an eye on Principality to see if they introduce a 6 Month Regular Saver Issue 4 (and so the fun begins...)

Given the effort I'm exerting with RBS and Natwest debit card round ups to get to 5000 I REALLY hope they don't!! 

akh43

crumpet_man said:

For those who have closed the matured Virgin RS, what was the interest received upon closure?  Not the total interest received, just the last payment.

Trying to work out if it is worth the time to phone up Virgin to close the account (already tried online, still waiting for it to be done) as all I am missing out on is the interest I could receive on the final interest payment.

Just closed my EA opened from RS on the phone and told that the interest of £26.96 will be transferred to my virgin current within 3-5 working days.

Had second thoughts on opening the RS3 @ 6.5% in light of the rate drop as its fixed, thanks for all the comments to do this as it changed my mind.

Speculator

clairec666 said:

The two Skipton regular savers both track the base rate, so we can be sure of their rate cuts. Presumably cuts to other variable rate accounts will be announced over the next few days.

Ones to keep an eye out for:
Cooperative - currently 7%, wasn't cut with the last BOE base rate cut
Nationwide - currently 6.5%, been at the same rate for quite a while now
Coventry Sunny Day Saver - currently 5.75%
NatWest/RBS - currently 5.5%, had a big cut recently so am optimistic that they won't cut it again so soon

Also worth keeping an eye on Principality to see if they introduce a 6 Month Regular Saver Issue 4 (and so the fun begins...)

Coventry always cut their rates , the other 3 less likely

francoghezzi

clairec666 said:

The two Skipton regular savers both track the base rate, so we can be sure of their rate cuts. Presumably cuts to other variable rate accounts will be announced over the next few days.

Ones to keep an eye out for:
Cooperative - currently 7%, wasn't cut with the last BOE base rate cut
Nationwide - currently 6.5%, been at the same rate for quite a while now
Coventry Sunny Day Saver - currently 5.75%
NatWest/RBS - currently 5.5%, had a big cut recently so am optimistic that they won't cut it again so soon

Also worth keeping an eye on Principality to see if they introduce a 6 Month Regular Saver Issue 4 (and so the fun begins...)

What I'm personally going to find interesting will be any decision related to the Regular Saver with fixed rate. Of course they won't change, but they could be replaced. How many weeks are going First Direct (7%) and Lloyds (6.25%) to survive? And what about the Halifax and Bank of Scotland fixed at 5.50% and so on ...?