Virgin Money increases Defined Access ISA rates
Virgin Money is increasing the variable interest rate on its Defined Access ISA to 1.51%.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
In addition to new accounts, the increased rate will be applied automatically to all existing Issue 4 customer accounts from this date.
Defined Access accounts are designed for customers who only require occasional access to their savings. Customers can make up to three withdrawals per calendar year and retain their interest rate of 1.51%.
If a fourth withdrawal is made, the interest rate will revert to 0.75% until the calendar year ends, at which point it will return automatically to the original rate and the number of withdrawals will reset to zero.
The Defined Access ISA Issue 4 accepts transfers in from existing ISAs.
Zack Hocking, Head of Savings at Virgin Money, said:
“We’re delighted to make our Defined Access ISA Issue 4 even more attractive for customers. The account is a great solution for those customers who only require occasional access to their savings, but want the security of knowing they can do so without notice if needed.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Blogs
Mark Eaton: Is 2026 the year brokers die out?
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: NationwideÂ
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Vida
Vida launches high LTV 'Pathway' mortgage range
FCA
Tribunal upholds £2m FCA fine for 'corrupt and dishonest adviser'
