The Top Regular Savers Discussion Thread

x44

With Virgin I just transferred it to my unused Virgin M current account and then internally transferred it across to the just opened regular saver.

I try and reduce the number of new payee's on my bank account for less confusion by, where possible, transferring all sums to an easy access account which I always leave open with any savings group for future ease and less hassle, then then do the transfer internally to the reg saver. Also same principle applies when applying and funding fixed term deposits. So for example with Principality I only have have one payment mandate to the easy access account rather than 3: for the two reg savers and the easy access one.

OK there are some few savings groups that make it difficult by demanding deposits come direct from the nominated bank account.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81869440#Comment_81869440

This is exactly the right way to do it.

Talk of "unacceptable delays" in setting up CoP, and "vote with your feet" and go elsewhere are just the result of people being acclimatised to instant access everything. It's a savings account, your money stays in there for months, 3p loss of interest is not a big deal.

Maybe people should be reminded that in the not-so-distant past all banking and savings transactions had to be conducted in-person at a branch, or by post, using cheques or cash.

Stargunner

https://forums.moneysavingexpert.com/discussion/comment/81869421#Comment_81869421

Why dont you just send a test payment of £1. If you are not prepared to risk that you can transfer it from your Virgin current sccount.

Hattie627

https://forums.moneysavingexpert.com/discussion/comment/81868632#Comment_81868632

New Suffolk BS Online Fixed Rate RS (30/04/27) now available to open online. You can have this alongside earlier issues. Note that the max monthly payment for this issue is £300. (Previous issues have been £500 and £250)

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81869421#Comment_81869421

Instead of waiting for CoP to function you can transfer funds into your VM current account and feed your Regular Saver from there. This is instant.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81869473#Comment_81869473

I wasn't really suggesting they should vote with their feet, it was more a suggestion that we shouldn't expect everything to work super-quickly and if speed is more important to you than a 6.5% fixed interest rate then that's your choice.

zombie404

Virgin regular saver update

Virgin exclusive RS issue 3 to 5 Refresh

5pm 02/02/26 initiated closure using below rough guide

11am 04/02/26 regular saver issue 3 closed

11:10am 04/02/26 new regular saver issue 5 opened & funded

Guide below

Log into Virgin website

Click More….On right hand side of web page

Select Close account ( yes it looks like ya closing a current account but it works for regular savers too )

Fill in name , address , dob, phone No, email address

Account to close ( regular saver details )

Account to transfer owing interest to

( I just gave the main virgin current account details )

snow62

(Two) e-mail(s) from Hanley

Dear Saver,

Following a review of your account we have identified that you may not of previously received the following email in relation to your variable savings account.

"Not of…" ???? Don't they have anyone who can write English?

Wheres_My_Cashback

https://forums.moneysavingexpert.com/discussion/comment/81869632#Comment_81869632

Aside the poor grammar, it begs the question as to why they haven't done the decent thing and delayed the decrease until the 18th as they are bound by in the T&Cs.

judgingjudy

https://forums.moneysavingexpert.com/discussion/comment/81869632#Comment_81869632

Did you actually receive the original notification of the interest rate decrease? I can't find an email to say that I did, although I have updated my spreadsheet with the new rate at some point which I may have done after seeing it posted on this thread.

On the subject of the Hanley, is anyone experiencing problems with their website? I can see my account in the app but when I log on to the internet site I just get a useless error.