Virgin Money's 10% Instant Access Savings Account

Free Money

5 Aug

Virgin Money’s regular savings account is designed to help you save consistently and efficiently. Here’s a step-by-step breakdown:

Open an Account: You can open this account either as a personal or a joint account.
Monthly Contributions: Deposit up to £250 every calendar month. These contributions will earn interest for 12 months.
Saving More?: If you wish to deposit more than £250 a month, you can. However, interest will only be earned on the cumulative maximum monthly limit.
Flexibility: There's no minimum amount required to be deposited each month, and you are not obligated to deposit every month.
Access and Management: Manage your account easily through the Virgin Money app, online, in-store, or over the phone.

Enjoy a fixed interest rate for 12 months with an impressive:

This rate is fixed until 31 July 2025, ensuring you know exactly how much your savings will grow over the term.

This account is perfect if you:

Have Extra Cash Monthly: Ideal for those who have some leftover cash each month that they wish to save.
Short-Term Goals: Excellent for short-term savings goals like a vacation, home improvement, or an emergency fund.
Easy Access: Need access to your cash without penalties or interest rate changes? This account allows you to do just that.

Incremental Interest-Earning Balance: The maximum balance on which you can earn interest increases by £250 each month. If you don’t manage to save the full £250 in a particular month, you can carry over the unused allowance to subsequent months.
Interest Not Included in Limit: Any interest earned is not counted towards the £250 monthly limit.
Maximum Interest-Earning Balance: By the end of the 12-month fixed term, the maximum balance you can earn interest on is £3,000 (excluding the interest earned).

You can sign up for this account here.

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