TheCountOfNowhere Posted November 25, 2014 Share Posted November 25, 2014 We are writing to give you advance notice that we will shortly be reducing the interest rate payable on your Virgin Savings account from 1.41% Gross† P.A/AER‡ to 1.21% Gross† P.A/AER‡. For a bank that owes it's very existence to the British public they aint half trying to shaft the very people who saved them. Time to withdraw money en masse from the banks. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted November 25, 2014 Share Posted November 25, 2014 Some 'peer to peer' lender was advertising on ITV or C5 the other day offering 4%. Then again 'peer to peer' could mean getting round the banking rules Quote Link to comment Share on other sites More sharing options...
Lifes a game Posted November 25, 2014 Share Posted November 25, 2014 I'm surprised it was a drop to 0.1% like Barclays does. Quote Link to comment Share on other sites More sharing options...
MattW Posted November 25, 2014 Share Posted November 25, 2014 We are writing to give you advance notice that we will shortly be reducing the interest rate payable on your Virgin Savings account from 1.41% Gross† P.A/AER‡ to 1.21% Gross† P.A/AER‡. For a bank that owes it's very existence to the British public they aint half trying to shaft the very people who saved them. Time to withdraw money en masse from the banks. My instant access ISA will be going from 1.5 % to 1.31%. Thanks Virgin! Virgin screwing it's savers - how ironic. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted November 25, 2014 Share Posted November 25, 2014 My instant access ISA will be going from 1.5 % to 1.31%. Thanks Virgin! Virgin screwing it's savers - how ironic. Ditto mine too. That's a bit less I'll be spending then thank you very much Branson. Quote Link to comment Share on other sites More sharing options...
billybong Posted November 25, 2014 Share Posted November 25, 2014 (edited) Mr Branson has a lot of expenses to fund you know. Edited November 25, 2014 by billybong Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted November 26, 2014 Share Posted November 26, 2014 We just got our emails, rate dropping to 1.21% late January. A quick look around the online accounts shows that 1.55% is achievable elsewhere on instant access, so I'll be moving the money we have with Virgin on our return to UK next month. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted November 26, 2014 Share Posted November 26, 2014 Some of the older discontinued instants are still getting 1.51%...does seem out of line these days. Will expect a letter shortly then. Quote Link to comment Share on other sites More sharing options...
hp72 Posted November 27, 2014 Share Posted November 27, 2014 plus the NR through to V.M. standard variable rate for mortgages is one of the higher ones and has been for years. 4.79 percent! Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 26, 2015 Share Posted January 26, 2015 I just logged onto the Virgin Money website to transfer my money out and, lo and behold, they're pushing buy-to-let mortgages. Not with my money they're not. Quote Link to comment Share on other sites More sharing options...
Timak Posted January 26, 2015 Share Posted January 26, 2015 Meanwhile Virgin media are putting prices up by between 5-10% for all their customers at the end of the month. Unless you cancel in which case they'll put the price down to less than you were paying before. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 26, 2015 Share Posted January 26, 2015 (edited) Suddenly 1.21% doesn't seem that bad anymore...CPI at 0.5% and almost certainly going negative within the next couple of months. God only knows how CPI will stay positive this month with petrol at my local garage down from £1.399 to £1.029, but hey I guess the formula will assure a bit of inflation. Most economists think CPI overstates by as much as 2%. Well we really need a bit of overstating going forward to keep the indebted happy. Wouldn't want them to think their debts are growing in real terms and bring about a cataclysmic panic. http://cafehayek.com/2006/09/cpi_bias.html Edited January 26, 2015 by crashmonitor Quote Link to comment Share on other sites More sharing options...
winkie Posted January 26, 2015 Share Posted January 26, 2015 It is clear to see that savers are scratching around on the bottom now......your cash savings, often saved whilst working, saved to provide a buffer for the future are being stolen slowly bit by bit each day.....massive creating of money at a flick of a finger has seen to that. They want you to spend,spend, spend.....borrow, borrow, borrow whether you can afford to or not or want to or not.....they want people and nations to become beholden and dependant to those richer than them...the ones that have amassed and holding the assets we all require to live on this world. They want people to gamble and bet on commodities, stocks, bonds and suspect unsafe or dubious investments.....everyone wants a cut/slice/commission, to cream the available sums for themselves..........massive amounts of money at even minute fractions add up to a big pot. Short-termism is the name of the game......grab it or steal it while you can and keep it going for as long as you can......tomorrow is another day, let the future deal with it. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted January 26, 2015 Share Posted January 26, 2015 ahh, thats who virgin money are. I get letters from them every 3 months or so asking me to contact them about my account. Never opened an account with virgin so throw them away. I did once have an account with northern rock ...no money in it. Quote Link to comment Share on other sites More sharing options...
SirGaz Posted July 1, 2015 Share Posted July 1, 2015 Just had the dreaded message. From the 7th september 2015 my e-isa rate will drop from 1.31% to 1.11% Barstewards. Quote Link to comment Share on other sites More sharing options...
MattW Posted July 1, 2015 Share Posted July 1, 2015 Just had the dreaded message. From the 7th september 2015 my e-isa rate will drop from 1.31% to 1.11% Barstewards. I got the same message. Something came to me the other day. Does anyone remember the halcyon days when you used to get interest added to current accounts that were well managed? I wonder if we will ever see the like again. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted July 2, 2015 Share Posted July 2, 2015 Me too... We are writing to give you advance notice that on 7 September 2015, we will be reducing the interest rate payable on your Virgin Savings account from 1.21% Gross† P.A/AER‡ to 1.01% Gross† P.A/AER‡. I left a few hundred quid in there to keep the accounts open in case I ever need a home for some money in a hurry, but moved most of the funds into a Post Office savings account (Bank of Ireland) in January, which is paying 1.7% until next January. Northern Rock were paying 6.8% in 2007/8, after Brown bailed them out, with unlimited Treasury guarantee. Those were the days. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.