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[Existing Customers only - check email] Virgin Money - Setup an Automatic Savings Plan and we'll give you $50

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[Existing Customers only - check email] Virgin Money - Setup an Automatic Savings Plan and we'll give you $50
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zackary on 03/12/2010 - 11:55 virginmoney.com.au (330 clicks)
Last edited 03/12/2010 - 11:55

Keep alook out in your inbox if your an existing Virgin Money Customer.

How would you like to earn extra savings by doing, well, not very much at all?

Then just set up an Automatic Savings Plan on your Virgin Saver and we'll deposit $50* into your account.

It's easy to set one up and it takes the hassle out of remembering to make regular deposits into your savings. You simply set up your savings plan and the money is automatically transferred for you.

All you need to do is:
Set up an Automatic Savings Plan by 31 December 2010,
Deposit at least $1000 per month through your new Automatic Savings Plan, for a minimum of 2 consecutive months by 28 February 2011,
And we'll deposit $50 into your account by the end of March 2011.
Set up your Automatic Savings Plan in 3 easy steps.
It's this easy:
Log into your Virgin Money Online Account and head to 'My Payments & Transfers'.
Select 'Virgin Saver Transfer' from the 'To' section and enter the amount you want to save.
Then choose the frequency by selecting the 'Set Schedule' option.
Just a friendly reminder that you can only set up a savings plan after you've activated your Virgin Saver account. To activate your account, transfer funds of any amount from your nominated linked account into your Virgin Saver using the online, or telephone banking service, provided by the financial institution holding your linked account. You'll need our BSB 242-265 and your Virgin Saver Account number. Only funds transferred from your linked account will activate your Virgin Saver and your account will be activated 3 business days after we receive the funds.

So, set up your Automatic Savings Plan before 31 December 2010 and we'll set you up with $50*.

  • To receive the $50 deposit offer you must be a current Virgin Saver customer in receipt of this promotional email and set up an Automatic Savings Plan before 31 December 2010 totalling $1000 or more per month for a minimum of two consecutive months by 28 February 2011. If you meet these conditions we will credit $50 into your Virgin Saver Account by 31 March 2011.

Referral Links

Referral: random (302)

Referees will receive 5,000 Virgin Money Points when they open their first Virgin Money Go Account before 31 July 2024 and meet the Welcome Offer Bonus Points Criteria (1 debit card purchase/direct debits/BPAY transaction in the first 30 days).

Referrer will receive 5,000 Virgin Money Points for each referee who meets the Welcome Offer Bonus Points Criteria, for up to 5 referees in a month.

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closed Comments

  • jaam on 03/12/2010 - 12:29

    6.75% interest, that is good. Even higher than UBank. Too bad, only for 4 months.
    But still, $50, sweet money. Good find, thank you ;-)

    • abc on 03/12/2010 - 13:06

      What's the current normal interest rate?

      • jaam on 03/12/2010 - 13:49

        I don't know what is the normal rate. But I get 6.51% with USaver at the moment.
        My friend opened Saving Maximiser with ING and receive 6.35% for 4 months then back to 5% standard rate.
        For this one, after 6.75% for 4 months. It will drop to 5.35%.

        But again, this can be changed if RBA decide to increase or drop rate. But don't think they will do that again soon.

    • [Deactivated] on 03/12/2010 - 13:46

      Maybe but despite the recent reserve bank increase, despite the banks increasing loan rates by 0.45% none have increased rates for these type of accounts at all since then.

    • SomeGuyOnOzB on 04/12/2010 - 00:34
      +1

      carp :P

      I set up a while ago, so my account goes off the 6.75% in December.

      I can still ASP to this account, but while it's there the interest will be poor :S

      I can't remember what it was … 5% … 4.5%

      • SummerMan on 04/12/2010 - 15:23
        +1

        Hi, I was going to close the account as the 4 months period just lapsed.
        http://www.ozbargain.com.au/node/29026

        I'll instead withdraw the whole amount and leave the account opened to see whether I'll get this email.

        You just need two ASP@1,000 which translate into $1,000 sitting there for 10 days. (each ASP will not be available for withdrawal for 5 days.)

        Suppose you get 0% interest for that and instead take $50 as the interest. The return rate is
        50/1000/10*365 = 182.5% pa.

        What's matter is whether we will get an email from Virgin?

        If you want to get $50 easily, try this http://www.ozbargain.com.au/node/35446 too.

  • Sobai on 03/12/2010 - 12:35

    1000 dollars a month seems like a lot!

  • [Deactivated] on 03/12/2010 - 12:40
    +3

    There maybe a little catch here

    To receive the $50 deposit offer you must be a CURRENT Virgin Saver customer IN RECEIPT of THIS promotional email and set up an Automatic Savings Plan before 31 December 2010

    If you are not then if you dont receive an email you might not qualify…

    The OP mentions this so just keep it in mind.

  • bratgirl on 03/12/2010 - 14:26
    -1

    $1000 a month for a minimum of two months seems like a lot just to get $50. Go mow some lawns instead! You could get $50 doing one lawn and it would only take an hour. ;)

  • coolsteps on 03/12/2010 - 16:24

    i wonder if you open up an account if they will still send you this email so that you qualfiy?

    • patientvalue on 03/12/2010 - 17:08

      i recently opened an account and have not received the email. i suspect it is because i am on the higher introductory rate

  • SummerMan on 04/12/2010 - 15:28

    Hi zackary & anyone who get the email

    Could you please give us some idea as to why you get this offer?
    Did your 4 month introductory period expire? or you're just a new customer?

    • SummerMan on 07/12/2010 - 04:28

      No answer? I just closed my Virgin saver.
      It's no point keeping it as 4 month has lapsed and prospect of receiving this email is slim.

      • SummerMan on 14/12/2010 - 07:23

        I called them today. They said that they CAN NOT give me the last statement of my account. They do not send it out by mail and they can't give me access to the system any more. I'm in a process of FSO!

    • zackary on 07/12/2010 - 17:02

      Im not sure, I am close to my 4 month introductory period expiring next week.
      http://upload.ozbargain.com/2010/12/06/4931_vm.jpg

  • SomeGuyOnOzB on 07/12/2010 - 16:53

    Has anyone apart from Zackary received this letter?

    I'm approaching the end of my 4 month introductory offer and have been making deposits to the account too.

    But I haven't received it and no one else has said yet that they've received it

    (Thinking this might be a very narrow targetting for the letter)

    • Davo1111 on 07/12/2010 - 19:48

      ive adjusted title to reflect this

  • Chris on 09/12/2010 - 23:26
    +1

    I received this offer from them.

    I setup my account at the beginning of November and this email came one month later to the day.

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