Virgin

Virgin Money savings accounts

Virgin Money offers a range of financial products which includes investments, credit cards, loans, insurance and mortgages. Under its savings banner, Virgin Money offers a range of options such as ISAs, fixed rate bonds, regular deposit savings and easy access accounts and its customers will benefit from the same interest rate regardless of how they choose to open a savings account – online, in-store, by phone or post. However, it’s important to compare any Virgin Money deals with the wider savings market before investing.

Virgin Money is one of the companies within the Virgin Group, founded by Sir Richard Branson.

Compare Virgin Money savings accounts - Ordered by interest rate (AER)

Virgin Money

Fixed Rate Cash E-ISA Issue 251

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} up to {{productCurrency}} no limit

Term

until 24.07.22

Account type

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Access Account
Great for
  • Start saving from £1 and choose between monthly or annual interest.
  • Transfer in existing ISA balances, to bring all your ISAs together.
  • Know what return you'll get with this fixed rate of interest.
But be aware that
  • Not suitable for regular deposits. This is a limited issue so don't delay.
  • Withdrawals are subject to a charge equivalent to 180 days' loss of interest on the amount withdrawn.
  • The maturity date of this product is 24 July 2022.
Virgin Money

Fixed Rate Cash E-ISA Issue 251

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} up to {{productCurrency}} no limit

Term

until 24.07.22

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • Start saving from £1 and choose between monthly or annual interest.
  • Transfer in existing ISA balances, to bring all your ISAs together.
  • Know what return you'll get with this fixed rate of interest.
But be aware that
  • Not suitable for regular deposits. This is a limited issue so don't delay.
  • Withdrawals are subject to a charge equivalent to 180 days' loss of interest on the amount withdrawn.
  • The maturity date of this product is 24 July 2022.
Virgin Money

Fixed Rate Cash E-ISA Issue 255

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} up to {{productCurrency}} no limit

Term

until 24.07.18

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • Start saving from £1 and choose between monthly or annual interest
  • Transfer in existing ISA balances, to bring all your ISAs together
  • Know what return you'll get with this fixed rate of interest
But be aware that
  • Not suitable for regular deposits. This is a limited issue so don't delay.
  • Withdrawals are subject to a charge equivalent to 60 days' loss of interest on the amount withdrawn
  • The maturity date of this product is 24 July 2018
Virgin Money

Fixed Rate Cash E-ISA Issue 255

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} up to {{productCurrency}} no limit

Term

until 24.07.18

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • Start saving from £1 and choose between monthly or annual interest
  • Transfer in existing ISA balances, to bring all your ISAs together
  • Know what return you'll get with this fixed rate of interest
But be aware that
  • Not suitable for regular deposits. This is a limited issue so don't delay.
  • Withdrawals are subject to a charge equivalent to 60 days' loss of interest on the amount withdrawn
  • The maturity date of this product is 24 July 2018
Virgin Money

Defined Access E-ISA Issue 14

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} up to {{productCurrency}} no limit

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • 1.01% Tax Free/AER if you make 3 or less withdrawals in a calendar year.
  • Start saving from £1 and pay money in as often as you like. Transfer in your existing ISA balances using our ISA Transfer Service.
  • Choose between monthly or annual interest.
But be aware that
  • 0.25% Tax Free/AER variable if you make 4 or more withdrawals in a calendar year.
  • Rate depends on the number of withdrawals.
Virgin Money

Defined Access E-Saver Issue 13

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}}{{250000 | currency : '' : 0}}

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • 1.01% Gross/AER if you make 3 or less withdrawals in a calendar year.
  • Suitable for those who do not intend to make regular withdrawals, and you can choose between monthly or annual interest.
But be aware that
  • 0.25% Gross/AER variable if you make 4 or more withdrawals in a calendar year.
  • Rate depends on the number of withdrawals.
Virgin Money

Defined Access E-Saver Issue 13

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}}{{250000 | currency : '' : 0}}

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • 1.01% Gross/AER if you make 3 or less withdrawals in a calendar year.
  • Suitable for those who do not intend to make regular withdrawals, and you can choose between monthly or annual interest.
But be aware that
  • 0.25% Gross/AER variable if you make 4 or more withdrawals in a calendar year.
  • Rate depends on the number of withdrawals.
Virgin Money

Defined Access E-Saver Issue 13

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}}{{250000 | currency : '' : 0}}

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • 1.01% Gross/AER if you make 3 or less withdrawals in a calendar year.
  • Suitable for those who do not intend to make regular withdrawals, and you can choose between monthly or annual interest.
But be aware that
  • 0.25% Gross/AER variable if you make 4 or more withdrawals in a calendar year.
  • Rate depends on the number of withdrawals.
Virgin Money

Defined Access E-Saver Issue 13

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}}{{250000 | currency : '' : 0}}

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • 1.01% Gross/AER if you make 3 or less withdrawals in a calendar year.
  • Suitable for those who do not intend to make regular withdrawals, and you can choose between monthly or annual interest.
But be aware that
  • 0.25% Gross/AER variable if you make 4 or more withdrawals in a calendar year.
  • Rate depends on the number of withdrawals.


See more savings accounts

Virgin Savings Guide

Deciding where to slot away your cash can be tricky, with a wide range of savings products to pick from. You could choose an easy access savings account, with unlimited withdrawals if you think you might need short-term access to your cash. However, check the terms and conditions as many of these accounts come with a bonus for a certain period, meaning you’d stop getting the attractive rate of interest at some point. You’d then need to think about switching to a better deal.

Another option is a fixed-rate savings account, although make sure you’re happy to tie up your savings for a specific period with one of these. Rates are typically fixed for one, two, three or more years.

Thanks to the Personal Savings Allowance, savings interest is now paid without any deduction of tax. If you are a standard rate (20%) taxpayer, you can earn up to £1,000 in savings interest tax-free each year. Higher rate (40%) taxpayers can earn up to £500 a year in savings interest without paying tax.

Those on the additional rate (45%) do not benefit from a Personal Savings Allowance and must pay tax on savings interest.

In addition to this tax-free allowance, you can save tax-free in an individual savings account, where every adult has an annual allowance tied to the tax year, which ends each year on April 5 (in 2017/18, the ISA allowance is £20,000).

But whatever account you pick, make sure it suits your needs, and that you understand the terms and conditions attached.

The first £85,000 (as of 30 January, 2017) of any savings held with an instituion such as Virgin is protected by the Financial Services Compensation Scheme (FSCS). 

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