Virgin's Cash ISA

The big advantage of a cash ISA is that your savings earn interest tax free. That means 20% higher returns – 40% if you're a higher rate taxpayer. For most people it's a no-brainer – why let the taxman take a cut of your savings if you don't have to.

Here's what the taxman normally takes from your savings

With the Virgin Cash ISA there are no notice periods so you can get at your cash whenever you need it. You can easily withdraw money over the phone or internet. And our current cash interest rate is 4.25% tax free.

*Based on the Virgin Cash ISA. Rate shown correct at 25.04.08. As our interest is paid annually, the rate shown is the Annual Equivalent Rate. The rate of interest is variable and available on request.

**MoneyFacts, 14.04.08. All instant access deposit accounts, average Annual Equivalent Rate, based on a gross balance of £1,000, and a basic rate taxpayer.