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- The interest rate will stay the same at 2.02% AER (Variable) on the first £1,000, and is currently boosted to 5.02% for a year (a 3% fixed bonus) if you switch into the account as a new customer. However, the big change here is that it’s no longer (as of 18 February 2022) possible to open up more than one of these accounts in your own name.
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If it's higher we'll pay interest on the first £1,000 of your balance. We'll add any interest to your account on the last working day of the month. Interest is calculated on a daily basis and paid on the last working day of each calendar quarter.
Open an M Plus Account or a Club M Account and you'll get a high interest paying current account with linked savings account that work beautifully together. Hit the high notes with a high interest rate on your current account and savings balance. Set up savings pots in the app to achieve your shared savings goals.
The M Plus Saver pays interest based on the money in your account. If your balance is £25,000 or less, we’ll pay 2.50% AER 1 (2.48% gross 2 per annum variable) on the whole balance. If your balance is over £25,000, we’ll pay the higher rate on the first £25,000 and then 2.00% AER 1 (1.99% gross 2 per annum variable) on anything above ...
May 1, 2024 · From today, Virgin Money’s new current account offer gives switchers to all three current accounts – the Virgin Money M Account, M Plus Account and Club M Account – a bonus interest rate of 10% gross/10.47% AER (fixed) on current account balances up to £1,000 for a whole year from 1st July 2024 to 30th June 2025. Eligibility criteria apply.
Sep 30, 2022 · You’ll get up to 2.02% interest on savings, plus a freebies if you switch. Virgin Money launched its new current account in late 2019, based on the B account from Clydesdale Bank.
May 2, 2024 · Virgin Money is paying 10% interest on current account balances up to £1,000 for the next year if you sign up to one of its three current accounts; M, M Plus and Club M. If you meet the offer conditions you’ll start earning the bonus fixed interest rate of 10% gross/10.47% AER (fixed) on balances up to £1,000 from 1 July 2024 to 30 June 2025.
Aug 7, 2024 · What does Virgin Money's regular saver offer? The Regular Saver Exclusive boasts an interest rate of 10.38% AER - five times the current 2% rate of inflation. The rate is fixed until 31 July 2025, with interest paid quarterly. However, there are a lot of terms you'll need to stick to.
