Virgin Money launches new savings range

Virgin Money has launched a new range of fixed rate cash ISAs, a range of fixed rate bonds and a choice of easy access ISAs. The new accounts are available to open in Virgin Money stores, as well as online, over the telephone and by post with interest rates the same through all distribution channels.
 
Fixed Rate Bonds
 
The new Virgin fixed rate bonds, which are available now, offer customers a guaranteed rate of 1.75% gross/AER for one year, 2.20% gross/AER for three years and 2.75% gross/AER 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.
 
Fixed Rate Cash ISAs
 
The new Virgin fixed rate cash ISAs, which are available now, offer customers a fixed rate of 2.00% tax-free/AER for one year, 2.20% tax-free/AER for three years and 2.75% tax-free/AER for five years.
 
The new accounts accept transfers from existing cash ISAs and customers can withdraw funds during the fixed rate period, subject to a charge equivalent to 60 days loss of interest for the one-year product, 120 days for the three-year product and 180 days for the five-year product.
 
Easy Access Cash ISA
 
The new Virgin Easy Access Cash ISA, which is available now, offers customers a variable rate of 1.75% tax-free/AER. With a minimum balance of just £1, the new account, which is also available as an e-ISA, accepts transfers from existing cash ISAs and customers have full access to their funds with no notice required.
 
More information on the full Virgin Money savings range is available at virginmoney.com/savings.