Virgin Money

Virgin Money savings

Virgin Money offers a broad range of savings accounts with interest rates up to 4.62%.

4.1 ★★★★★ (75 reviews) Write a review
Customer rating
★★★★★
Satisfaction survey
Great for applying and managing your accounts online
Savings range is limited compared to some other providers

Given the sheer number of ventures Sir Richard Branson has taken on, it’s perhaps no surprise he started a financial services business in the 1990s. Virgin Money then became a fully licensed high street bank nearly a decade ago, after buying out the Church House Trust and taking over the ailing Northern Rock.

Sir Richard has now sold his stake and the company is under new ownership. The takeover by the Clydesdale and Yorkshire Banking Group (CYBG) has made it the UK’s sixth-largest bank.

If you’re thinking about opening a Virgin Money savings account, here are its interest rates, fees, and pros and cons.

Easy access savings accounts

Table: sorted by interest rate
Virgin Money's best easy access rate of 3.75% is significantly lower than today's market-best rate of 6.95%.
Name Product Account type Withdrawals Min. opening balance Interest rate Deposit protection Open via Incentive Apply link
Virgin Money – Easy Access Cash ISA Exclusive Issue 2
Cash ISA
Instant access
£0
3.75% AER variable
FSCS logo
protected
Open via: branch, website
Go to site
View details
Virgin Money – M Saver
Variable
Instant access
£0
3.03% AER variable
FSCS logo
protected
Open via: branch, telephone
Go to site
View details
Virgin Money – Virgin Money Instant Savings
Variable
Instant access
£0
3.03% AER variable
FSCS logo
protected
Open via: branch, website, telephone
Go to site
View details
Virgin Money – Club M Saver
Variable
Instant access
£0
3.03% AER variable
FSCS logo
protected
Open via: website, telephone
Go to site
View details
Virgin Money – Defined Access Cash E-ISA Issue 19
Cash ISA
Instant access
£1
2.25% AER variable
FSCS logo
protected
Open via: website
Go to site
View details
loading
Compare more instant and easy access accounts up to 6.95%

Cash ISAs

Table: sorted by interest rate
Virgin Money's best cash ISA rate of 4.62% is very slightly lower than today's market-best rate of 4.66%.
Name Product Interest rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Apply link
Virgin Money – 3 Year Fixed Rate Cash E-ISA Issue 588
4.62% AER fixed until 24.05.26
£1
Yearly
Instant access (penalty applies )
FSCS logo
protected
Open via: website
Go to site
View details
Virgin Money – 3 Year Fixed Rate Cash E-ISA Issue 588
4.62% AER fixed until 24.05.26
£1
Monthly
Instant access (penalty applies )
FSCS logo
protected
Open via: website
Go to site
View details
Virgin Money – 2 Year Fixed Rate Cash E-ISA Issue 587
4.57% AER fixed until 24.05.25
£1
Monthly
Instant access (penalty applies )
FSCS logo
protected
Open via: website
Go to site
View details
Virgin Money – 2 Year Fixed Rate Cash E-ISA Issue 587
4.57% AER fixed until 24.05.25
£1
Yearly
Instant access (penalty applies )
FSCS logo
protected
Open via: website
Go to site
View details
Virgin Money – 1 Year Fixed Rate Cash E-ISA Issue 586
4.47% AER fixed until 24.05.24
£1
Monthly
Instant access (penalty applies )
FSCS logo
protected
Open via: website
Go to site
View details
loading
Compare more ISAs up to 4.66%

Fixed-rate bonds

Table: sorted by interest rate
Virgin Money's best fixed-rate bond rate of 4.55% is slightly lower than today's market-best rate of 5.35%.
Name Product Interest rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Apply link
Virgin Money – 3 Year Fixed Rate E-Bond Issue 535
4.55% AER fixed until 20.06.26
£1 - £1,000,000
Yearly
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
Virgin Money – 3 Year Fixed Rate E-Bond Issue 535
4.55% AER fixed until 20.06.26
£1 - £1,000,000
Monthly
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
Virgin Money – 2 Year Fixed Rate E-Bond Issue 534
4.51% AER fixed until 20.06.25
£1 - £1,000,000
Monthly
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
Virgin Money – 2 Year Fixed Rate E-Bond Issue 534
4.51% AER fixed until 20.06.25
£1 - £1,000,000
Yearly
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
Virgin Money – 1 Year Fixed Rate E-Bond Issue 533
4.41% AER fixed until 20.06.24
£1 - £1,000,000
Monthly
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
loading
Compare more fixed-rate bonds up to 5.35%

Regular savings accounts

Table: sorted by interest rate
Virgin Money's best regular savings account rate of 1.75% is significantly lower than today's market-best rate of 9%.
Name Product AER Save Notice Interest paid Deposit protection Open via Incentive Apply link
OFFER
Virgin Money – Home Buying Coach Regular Saver Issue 17
1.75% fixed until 20.06.24 (on first £3,500)
£1 to £250 per month
20.06.24
Yearly
FSCS logo
protected
Open via: website
'Coach Credits' can earned be when engaging with the app, which unlock exclusive mortgage and savings products when certain milestones are hit.
Go to site
View details
OFFER
Virgin Money – Home Buying Coach Regular Saver Issue 17
1.75% fixed until 20.06.24 (on first £3,500)
£1 to £250 per month
20.06.24
Monthly
FSCS logo
protected
Open via: website
'Coach Credits' can earned be when engaging with the app, which unlock exclusive mortgage and savings products when certain milestones are hit.
Go to site
View details
loading
Compare more regular savings accounts up to 9%

Business savings accounts

Table: sorted by interest rate
Virgin Money's best business savings account rate of 4.1% is very slightly lower than today's market-best rate of 4.5%.
Name Product Interest rate and type Interest paid Invest Term Open via Incentive Apply link
Virgin Money – 24 Month Business Term Deposit
4.1% AER fixed
Yearly
£100,000 - £25,000,000
2 years
Open via: branch, post
Go to site
View details
Virgin Money – 2 Year Business Fixed Rate Savings Account 114
4.1% AER fixed
Monthly
£1 - £2,000,000
20.05.25
Open via: website
Go to site
View details
loading
Compare more business savings accounts up to 4.5%

Overview of Virgin Money savings

Savings account types include Easy access, cash ISAs, fixed-rate bonds, regular savers, business
Best easy access rate 3.75%
Best cash ISA rate 4.62%
Best fixed-rate bond rate 4.55%
Best regular saver rate 1.75%
Best business savings account rate 4.1%
Fixed bond terms 1 year - 3 years
Opening options Branch, website, post, telephone
FSCS protection

Didn’t find the account type you were looking for? Check our other guides:

How do I decide which account is for me?

First things first, you need to work out what you’re looking for in a savings account. How often will you want to take money out? Can you afford to stash away large amounts?

If you’re happy to lock away your funds for a year or more and you have a lump sum to invest, a fixed rate bond could be suitable. But if you need access to your money or you want to add to your savings over time, an easy access account might be better.

Once you’ve worked out your financial situation, it’s useful to look at:

  • Interest rates.
  • Fees (if there are any).
  • Access to cash (if you need quick access, for instance).
  • Rewards and loyalty schemes (if you’re into add-ons or switching bonuses).

Virgin Money customer reviews

In our 2023 customer satisfaction survey, Virgin Money scored 4.5 stars out of 5, with 81% of customers saying they’d recommend the brand to a friend.

Customers in our survey commented positively on Virgin Money’s customer service. Several also found Virgin Money’s online banking and app easy to use.

The Virgin Money app has a rating of 4.6 out of 5 from around 99,900 reviews on the App Store. On Google Play, the app has a score of 3.4 from around 18,600 Android app users (January 2023).

What are the pros and cons of banking with Virgin Money?

Pros

  • Wide range of savings accounts to choose from.
  • Apply for and manage your accounts online.
  • You’ll get access to special deals across the wider Virgin group.
  • FSCS protection.

Cons

  • Some of the best savings rates are only available to existing current account customers.

The bottom line

From easy access and fixed term, to children’s savers and ISAs, there’s a wide range of Virgin Money savings accounts that might suit your needs. Be sure to check out our other reviews first, though, to see how Virgin Money weighs up against the competition in terms of rates, fees, pros and cons.

Frequently asked questions

Savings ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our customer satisfaction scores ("Customers say") are based on a survey of 2,224 customers carried out in December 2022.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

  • How to buy Sui (SUI) in the UK

    This guide provides step-by-step instructions on how to buy Sui, lists some exchanges where you can get it and provides daily price data on (SUI).

  • How to buy Pepe (PEPE) in the UK

    This guide provides step-by-step instructions on how to buy Pepe, lists some exchanges where you can get it and provides daily price data on (PEPE).

  • How to buy Arbitrum (ARB) in the UK

    This guide provides step-by-step instructions on how to buy Arbitrum, lists some exchanges where you can get it and provides daily price data on (ARB).

  • How to buy SSV Network in the UK

    This guide provides step-by-step instructions on how to buy SSV Network, lists some exchanges where you can get it and provides daily price data on (SSV).

  • How to buy USDD in the UK

    This guide provides step-by-step instructions on how to buy USDD, lists some exchanges where you can get it and provides daily price data on (USDD).

  • How to buy Blur in the UK

    This guide provides step-by-step instructions on how to buy Blur, lists some exchanges where you can get it and provides daily price data on (BLUR).

  • How to buy FLOKI in the UK

    This guide provides step-by-step instructions on how to buy FLOKI Inu, lists some exchanges where you can get it and provides daily price data on (FLOKI).

  • How to buy Aptos in the UK

    This guide provides step-by-step instructions on how to buy Aptos, lists some exchanges where you can get it and provides daily price data on (APT).

  • How to buy EthereumPoW in the UK

    This guide provides step-by-step instructions on how to buy EthereumPoW, lists some exchanges where you can get it and provides daily price data on (ETHW).

  • How to buy Coinbase Wrapped Staked ETH in the UK

    This guide provides step-by-step instructions on how to buy Coinbase Wrapped Staked ETH, lists some exchanges where you can get it and provides daily price data on (CBETH).

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site