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  • FIRST POST
    • veryintrigued
    • By veryintrigued 11th Mar 18, 8:27 PM
    • 2,400Posts
    • 1,827Thanks
    veryintrigued
    Virgin Money Regular Saver interest
    • #1
    • 11th Mar 18, 8:27 PM
    Virgin Money Regular Saver interest 11th Mar 18 at 8:27 PM
    So the swathes of RS lots of us have should have their interest paid on the 11th of March.

    This isn't showing in of my accounts yet.

    Looking at last years statements it states it was paid on the 11th March (a Saturday).

    Can anyone remember if it was actually paid on the 12/03/17 or 13/03/17 and just backdated to the 11/03/17?

    I suspect its the weekend date that's causing the delay but wondered if anyone could remember from last year?
Page 1
    • colin79666
    • By colin79666 11th Mar 18, 8:54 PM
    • 1,308 Posts
    • 742 Thanks
    colin79666
    • #2
    • 11th Mar 18, 8:54 PM
    • #2
    • 11th Mar 18, 8:54 PM
    I doubt you would see it on a Sunday.
    "Annual interest is paid on 11 March and will be available the next working day"
    https://uk.virginmoney.com/savings/find/summarybox/regular_e_saver_issue_9
    • glider3560
    • By glider3560 11th Mar 18, 8:55 PM
    • 3,582 Posts
    • 2,274 Thanks
    glider3560
    • #3
    • 11th Mar 18, 8:55 PM
    • #3
    • 11th Mar 18, 8:55 PM
    It will show tomorrow (12th March), with today's date (11th March).

    It's the same with monthly interest. Paid on the 10th, but doesn't show online until the 11th.

    • MarkFromCornwall
    • By MarkFromCornwall 12th Mar 18, 8:03 AM
    • 760 Posts
    • 486 Thanks
    MarkFromCornwall
    • #4
    • 12th Mar 18, 8:03 AM
    • #4
    • 12th Mar 18, 8:03 AM
    Now showing.
    It's not my fault that nothing works: the bank suggested I install Trusteer Rapport.
    • Hattie625
    • By Hattie625 12th Mar 18, 10:31 AM
    • 751 Posts
    • 599 Thanks
    Hattie625
    • #5
    • 12th Mar 18, 10:31 AM
    • #5
    • 12th Mar 18, 10:31 AM
    Very odd. I'm still carrying debit balances on E-RS 2 and E-RS 3 after double payment of interest on maturity, followed by interest adjustment, The debit balances have doubled overnight.
    • ashteadgirl
    • By ashteadgirl 12th Mar 18, 11:21 AM
    • 143 Posts
    • 200 Thanks
    ashteadgirl
    • #6
    • 12th Mar 18, 11:21 AM
    • #6
    • 12th Mar 18, 11:21 AM
    Very odd. I'm still carrying debit balances on E-RS 2 and E-RS 3 after double payment of interest on maturity, followed by interest adjustment, The debit balances have doubled overnight.
    Originally posted by Hattie625
    Virginmoney seem unable to sort out their IT gremlins. Not impressive as hoped the recent work done the other weekend when the system was closed down might sort these problems. Will they ever get things running correctly???????
    • Gers
    • By Gers 12th Mar 18, 12:23 PM
    • 6,496 Posts
    • 41,347 Thanks
    Gers
    • #7
    • 12th Mar 18, 12:23 PM
    • #7
    • 12th Mar 18, 12:23 PM
    My interest is showing even though the maturity date is in April.

    If I continue with April's payment (March's is in uncleared transactions) will there be more interest or is it just as well to close the account once the uncleared payment is cleared?
    • ColdIron
    • By ColdIron 12th Mar 18, 12:50 PM
    • 4,269 Posts
    • 5,405 Thanks
    ColdIron
    • #8
    • 12th Mar 18, 12:50 PM
    • #8
    • 12th Mar 18, 12:50 PM
    You should continue your payments. There are 2 dates when interest is paid, 11th of March for interest accrued to date and account maturity for the remainder
    • Gers
    • By Gers 12th Mar 18, 1:03 PM
    • 6,496 Posts
    • 41,347 Thanks
    Gers
    • #9
    • 12th Mar 18, 1:03 PM
    • #9
    • 12th Mar 18, 1:03 PM
    You should continue your payments. There are 2 dates when interest is paid, 11th of March for interest accrued to date and account maturity for the remainder
    Originally posted by ColdIron
    Thanks, that's helpful. I won't close the account. Just closed the MatchDay saver and got the M&S RS closing shortly too. Now have to find homes for the monies.
    • Lisamaley
    • By Lisamaley 7th May 18, 10:08 AM
    • 1 Posts
    • 0 Thanks
    Lisamaley
    My maturity date is 20th December, if I move my money just after this date will I still receive my interest in March 2019?
    • glider3560
    • By glider3560 7th May 18, 10:54 AM
    • 3,582 Posts
    • 2,274 Thanks
    glider3560
    My maturity date is 20th December, if I move my money just after this date will I still receive my interest in March 2019?
    Originally posted by Lisamaley
    Interest is also paid on maturity.

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