The Top Regular Savers Discussion Thread

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/82031221#Comment_82031221

That's what I did in February when I closed my RS 4 and then applied for Issue 5 end date 26/02/27. I remember requesting on the close an account form for the funds from my RS 4 to be sent to my VM M Plus current account along with due interest, but I don't remember it stating closing a current account on the online form as it shows this morning. Perhaps I just missed it on the online closure form in February. My M plus current account wasn't closed in error and still remains with £1 in it.

As I'm happy to keep my RS 5 until Feb due to spreading out maturity dates, I won't be closing my VM RS 5 and will just wait to see what's available next February when it matures.

Hattie627

https://forums.moneysavingexpert.com/discussion/comment/82031310#Comment_82031310

I closed my RS in February 2026 to open Issue 5. The online form definitely stated that it was for "closing a current account" so I was a bit worried but it worked out okay. I asked for the closing interest to go to my VM current account. However I do agree that there is room for error in using the form, so I wouldn't do it without some thought. Like Dizzycap I am going to leave my Issue 5 to run its course until maturity in Feb 2027 and take my chance then.

Money_Grabber13579

https://forums.moneysavingexpert.com/discussion/comment/82031192#Comment_82031192

Sounds like Nationwide and Virgin Money are a good fit for each other then. I asked Nationwide to close some dormant savings accounts quite a number of years ago and they closed my current account by accident. It was my main current account too so it was rather a pain.

I didn’t think about perusing compensation at that time but perhaps I should have. Anyway, it just means that I no longer ask for any savings accounts to be closed and just let them sit there.

pecunianonolet

https://forums.moneysavingexpert.com/discussion/comment/82031221#Comment_82031221

I asked for interest to be paid into current account and reg saver to be closed. They closed current account and didn't touch the reg saver at all. By the time the complaint was through the reg saver matured on it's own and despite them accepting liability and to action it, they never did. Good luck.

kaMelo

Virgin Money

I've used the closure form many times to close savings accounts, mainly those opened alongside the many M Plus current accounts I opened when the M-Plus current account was a decent rate up to £1000. I realise this is anecdotal but I've never had a problem other than it usually took a couple of days to action. I don't even understand how it can go wrong, you fill out the account numbers of both the account to close and the account to transfer any trailing interest to. I am more than happy to continue to use the online form to close any further accounts should I need to.

I can only surmise Virgin were swamped last year with closure requests for their former 10% regular saver, from those who couldn't wait until the trailing interest got paid a couple of months later.

mhoc

I emailed off the application forms for the regular saver 5.50% to Dudley late Wednesday afternoon. Then I kept checking for an email response but really didnt expect anything until next week.

But instead I had letters today welcoming us so I've been able to fund, register the accounts, set up the SOs, update calendar and google chart etc in less than 36 hours after I sent the application forms!

Also Royal Mail working at peak efficiency instead of their usual 10 day delay!

Only minor fly in the ointment has been that COP was not recognized but I funded anyway.

clairec666

Teachers…

My account is finally showing online, with a balance of £250, after sending my initial deposit on Sunday evening. In the "reference" column for the transaction, there is somebody else's name (initial and surname). Not going to query this as I'm just happy the money is in the account!

Dugal

Teachers

My 'for everyone' account has been set up. They had asked for a bank statement or nominal value cheque to validate my nominated bank account. I sent them a copy of my bank statement earlier in the week by secure message. My nominated bank account is showing as awaiting mandate - has anyone had this resolved ? I am in no hurry, so happy to wait while they work through any backlog.

janusd

https://forums.moneysavingexpert.com/discussion/comment/82033323#Comment_82033323

you're doing better than me! I made a deposit on Sunday morning, but nothing since… all i've had from them is one email - the nominated account is setup, so there is at least that… would be reassuring to at least see the account added.

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/82033694#Comment_82033694

Similar, I transferred the money to Teachers on Saturday the 6th, account not showing online (or in "cog")