★★★★★

Virgin Money savings
Virgin Money offers a broad range of savings accounts with interest rates up to 4.62%.
★★★★★
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
Cash ISAs
Fixed-rate bonds
Regular savings accounts
Business savings accounts
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 |
Other popular accounts
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
Our customer satisfaction scores ("Customers say") are based on a survey of 2,224 customers carried out in December 2022.
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