Best Virgin Money savings account rates compared

If you're thinking about opening a Virgin Money savings account, here's a rundown of its latest interest rates, and how they hold up against the rest of the market right now. Virgin Money's top savings rate of 5.05% is available on one of its cash ISA accounts.

Easy access savings accounts

Virgin Money's best easy access rate of 4.76% is significantly lower than today's market-best rate of 7.49%. Compare more instant and easy access accounts up to 7.49%

Cash ISAs

Virgin Money's best cash ISA rate of 5.05% is very slightly lower than today's market-best rate of 5.1%. Compare more ISAs up to 5.1%

Fixed-rate bonds

Virgin Money's best fixed-rate bond rate of 4.65% is slightly lower than today's market-best rate of 5.4%. Compare more fixed-rate bonds up to 5.4%

Regular savings accounts

Virgin Money's best regular savings account rate of 3% is significantly lower than today's market-best rate of 8%. Compare more regular savings accounts up to 8%

Business savings accounts

Virgin Money's best business savings account rate of 5.05% is very slightly lower than today's market-best rate of 5.4%. Compare more business savings accounts up to 5.4%

What is Virgin Money's best savings account with the highest interest rate?

The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.

Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Virgin Money offers, plus the highest interest rate currently available.

Savings account types include	Easy access, cash ISAs, fixed-rate bonds, regular savers, business
Best easy access rate	4.76%
Best cash ISA rate	5.05%
Best fixed-rate bond rate	4.65%
Best regular saver rate	3%
Best business savings account rate	5.05%
Fixed bond terms	12 months
Opening options	Branch, website, mobile app, post, telephone
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Other popular accounts

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

• Virgin Money current accounts
• Virgin Money kids accounts

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 independent 2024 customer satisfaction survey, 95% of Virgin Money’s users said they’d recommend the brand to a friend. Customers commented positively on Virgin Money’s customer service. Several also found Virgin Money’s online banking and app easy to use. Here’s what some of those customers had to say:

“The savings account was very easy to set up and it’s has great interest too”

“My account is easy to access. I can pay cheques into the account, the app is great and I can make deposits and withdrawals at post offices so it’s convenient”.

The Virgin Money app has a rating of 4.6 out of 5 from around 126,000 reviews on the App Store. On Google Play, the app has a score of 2.5 from around 23,000 Android app users (February 2024).

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

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

• Can I open an account if I'm not a UK resident?

  Unfortunately, no. Virgin Money’s accounts are available to UK residents only. However, crown employees serving overseas and those married to or in civil partnership with a crown employee serving overseas are also able to invest in a cash ISA.

• Can I open an account in a branch (at a store)?

  Yes, but you will need to call and book an appointment beforehand. Find the contact details for Virgin Money’s stores on its website, and also take a look at which documents you’ll need to bring in with you.

• Is it easy to switch ISAs to Virgin?

  Yes. The Virgin ISA transfer service lets you pool all your ISAs together under one roof. Virgin Money aims to complete all transfers within 7 days or less. All you have to do is the following:

  1. Open a cash ISA with Virgin Money.
  2. Sign in to your online Virgin Money account.
  3. Choose the account to transfer into.
  4. Follow the on-screen instructions. Virgin Money will need to know the details of the cash ISA you’re transferring over, the amount you’d like to move, plus your National Insurance number.
  5. Wait! Virgin Money’s ISA transfer team will handle the process from here.

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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.