Virgin Money introduces new range of savings accounts

The Easy Access Saver and 100 Day Notice Saver will be available from Tuesday 5 November, with the fixed rate bonds and cash ISAs available from Wednesday 6 November.

Easy Access Saver

The Virgin Easy Access Saver offers customers a competitive variable rate of interest, which is not inflated by an introductory bonus.  Issue 8 of the Easy Access account has been launched today, paying a bonus free variable rate of 1.51% gross/AER.  Accounts can be opened with just £1, with a maximum balance of £100,000.

100 Day Notice Saver

The Virgin 100 Day Notice Saver, also launched today, offers customers an interest rate of 1.75% gross/AER.  The Notice Saver offers customers the benefit of a higher interest rate and withdrawals can be made, charge-free, by providing 100 days’ notice.  The account has a minimum balance of £5,000 and a maximum balance of £500,000.  Customers can choose to receive interest either monthly or annually.

Fixed Rate Bonds

The new Virgin Money fixed rate bonds offer customers a guaranteed rate of 1.91% gross/AER for one year, 2.40% gross/AER for three years and 3.00% gross1/AER2 for five years. Bonds can be opened with just £1, and additional deposits are accepted for as long as the bonds remain available to new customers.  Withdrawals are not permitted during the fixed rate period.  The new bonds will be available from 2pm on Wednesday 6 November.

Fixed Rate Cash ISAs

The new Virgin Money fixed rate cash ISAs offer customers the same returns as on the non-ISA bonds: 1.91% tax-free/AER for one year, 2.40% tax-free/AER for three years and 3.00% tax-free/AER for five years.  These new products are also available from 2pm on Wednesday 6 November.