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- As of today, both the Virgin Money M Plus Account and Club M Account already offer an interest rate of 2.00% gross/2.02% AER (variable) on current account balances up to £1,000, with new customers switching to either one of these accounts rewarded with an additional 10% gross/10.47% AER (fixed) on balances up to £1,000 for a year, equating to 12% gross/12.68% AER cumulatively.
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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.
Sep 30, 2022 · The largest is you will only earn interest on balances up to £1,000. Anything over this will get 0%. That works out as £20.20 in interest a year. Not a huge amount but better than what you’ll get elsewhere. The linked savings account where you can put further money pays 2.02% on the first £25,000.
You can find the interest rate for any of your Savings accounts here. If you have an online account, you can also sign in to check your interest rate – it’ll be at the top of your online statement once you click on ‘View account’.
May 22, 2024 · 10% gross / 10.47% AER interest on balances of up to £1,000 for 12 months. This is on top of an ongoing rate of 1% gross / 1.01% AER on the same amount of cash with two of the accounts (M Plus and Club M), which means it’s effectively a combined 11% return.
Saving for that once-in-a-lifetime trip or a new home together? 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