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No
- No. The interest rate is fixed from the day you open your 1 Year Fixed Rate Cash ISA Exclusive until the maturity date. This means we can't change the rate until after the fixed rate period.
uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_isa_exclusive_issue_17/
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Does Virgin Money have a higher interest rate?
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What is the m plus Saver?
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Does the M Plus account pay interest?
M Plus Saver. 2.50%. AER 1 (2.48% gross 2 per annum variable) on savings balances up to £25,000, and 2.00% AER (1.99% gross 2) on any balances above £25,000. Interest paid quarterly. Freedom to pay money in and take it out whenever you want, with no fees or charges.
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Can Virgin Money change the interest rate? Yes, if we...
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Nov 4, 2022 · My understanding of this is I would be paid 2.00% Interest every month on a Balance up to £1000 on the M Plus Current Account and 2.00% Interest every quarter on a Balance up to £25,000 on the M Plus Saver Account.
Dec 22, 2022 · M Plus Saver: 1000 x 0.0252 = £25.20 each year (paid quarterly) Just a sidenote, the M Plus Saver pays 2.52% AER, not 2.55%. Personally, if you were choosing between these accounts (and not wishing to explore other accounts or providers at this stage), I'd go with the M Plus Saver.
Can Virgin Money change the interest rate? Yes, if we decrease your rate we’ll provide at least two months’ notice as described in your Terms. We may increase your rate without giving you notice
Jan 16, 2024 · I have just received an email telling me that my M Plus saver account interest rate is dropping down to 2.50% from the 3.55%. It wasn't the best rates to begin with, but that is quite a drop. I wonder if the other institutions will also begin to drop the rates - might be time to lockup in a 1 or 2 year deal now.
What’s the interest rate on the M Plus Account and M Plus Saver? The M Plus Account pays interest at 1.00% AER 1 (1.00% gross 2 per annum variable) on credit balances up to £1,000. Interest is calculated on a daily basis 3 and is paid on the last business day of each month.
Jul 28, 2022 · Virgin Money has increased its M Plus savings account’s interest rate to a table-topping 1.71%, the highest rate for an easy-access account since September 2013. New and existing savers will automatically get the new rate from today.
