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Virgin Money launches new fixed rate savings range

11th October 2013 Print

Virgin Money is launching a new range of fixed rate bonds and fixed rate cash 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 Money 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 Money fixed rate cash ISAs, which will be available from 2pm on Wednesday 9 October, offer customers a fixed rate of 1.85% 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.

More information on the full Virgin Money savings range is available at