Regular Savings Accounts Article Discussion

veryintrigued

dekkard wrote: »

Virgin Money - Issue 5 of Regular E-Saver now available.

2.25% AER/Gross.

Extensively discussed already here:

https://forums.moneysavingexpert.com/discussion/608697

Jo_Blogs

Virgin Money - Regular E-saver Issue 5

Replacing Issue 4

Regular E-Saver Issue 5 £250 pm 2.25% fixed rate - Interest paid Monthly or Annually

There's also a parallel Store version for those who can easily get to one. (Issue 4) Interest paid Annually

Here's the link: [Easy Access]

http://uk.virginmoney.com/savings/find/results/#all

where_are_we

Read in the press that Ford Money are launching 2 regular saving online products tomorrow 22/5/17 with a 4% interest rate. One is a regular saver account for 12 months maximum contribution £250/month and the other is a regular saver cash ISA with similar raters. This is a welcome upward change in regular saving products and is likely to be subscribed to quickly.

badger09

where_are_we wrote: »

Read in the press that Ford Money are launching 2 regular saving online products tomorrow 22/5/17 with a 4% interest rate. One is a regular saver account for 12 months maximum contribution £250/month and the other is a regular saver cash ISA with similar raters. This is a welcome upward change in regular saving products and is likely to be subscribed to quickly.

I depth discussion here

post 5444 onwards

https://forums.moneysavingexpert.com/discussion/608697

dekkard

And the new Ford Money Regular Saver is now unavailable having been available earlier today after its launch.

Excess demand presumably ?

veryintrigued

dekkard wrote: »

And the new Ford Money Regular Saver is now unavailable having been available earlier today after its launch.

Excess demand presumably ?

It wouldn't surprise me if their IT are performing a fix such that only one per customer can be opened as per the T&Cs and that the product will then be (re)launched.

EachPenny

veryintrigued wrote: »

It wouldn't surprise me if their IT are performing a fix such that only one per customer can be opened as per the revised T&Cs and that the product will then be (re)launched.

Fixed the typo for you.

I suspect they may have reached the target number of accounts and don't want any more deposits, or else need some time to catch up with the vast number of applications such a popular account has generated.

The T&C's make it clear this is an issue based product, so if this one has sold out we can probably expect another issue to be released in due course.

dekkard

dekkard wrote: »

And the new Ford Money Regular Saver is now unavailable having been available earlier today after its launch.

Excess demand presumably ?

Ford Money have said: "At present we are unable to say for certain if this product will be available again."

dekkard

dekkard wrote: »

Ford Money have said: "At present we are unable to say for certain if this product will be available again."

Ford have now removed their Regular Savers pages from their website altogether. Looks like they won't be offering them again for a while (if ever)?

iamsam

From today Nationwide seem to have revised their regular saving offering to halve the monthly contribution level (£500 to £250/month):
http://www.nationwide.co.uk/products/savings/flexclusive-regular-saver/features-and-benefits