Virgin launches new fixed rate ISA range
Virgin Money is today launching a new range of savings accounts and is increasing interest rates on both ISA and non-ISA accounts.
The new Virgin Money fixed rate ISAs offer customers the same interest rates as on the non-ISA bonds:
- 1.55% tax-free/AER for one year
- 2.10% tax-free/AER for two years
- 2.25% tax-free/AER for three years
- 2.75% tax-free/AER for five years
The new accounts accept transfers from existing ISAs and additional deposits are accepted for 30 days following account opening.
Anthony Mooney, Financial Services Director said:
“With the increase in ISA limit coming into effect on 1 July, and with some other ISA rates in the market having fallen recently, we expect our new ISA range to be particularly popular. Our savings range offers customers the same good rates for ISAs and our fixed rate bonds. This gives customers the full benefit of the tax-efficiency, and also offers customers exactly the same rate regardless of how they wish to operate their account.”
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