Easy Access Cash E-ISA

A flexible ISA with access to your money

Variable rate of

0.50% AER1

0.50% Tax-free3 P.A.

Cash ISAs are a great way to make more of your money because you don't pay a penny of tax on any interest you earn. Plus our Easy Access Cash E-ISA allows deposits and withdrawals whenever you choose to.

Our Easy Access E-Saver is another great alternative for flexible saving.

The highlights


Deposit and withdraw your money, anytime you like.


You don't pay any tax on the interest earned

Saving from £1

Open your account and start saving today with only £1.

Lounge Access

Exclusive access with free refreshments and wifi.

UK Call Centres

All of our call centres are based in the UK.

Virgin Group discounts

Virgin Group offers that could help you save money.

Summary box

Account Name

Easy Access Cash E-ISA Issue 19 (Flexible ISA)

What is the interest rate?

Issue Annual interest
% Tax-free3
Annual interest
% AER1
Monthly interest
% Tax-free3
Monthly interest
% AER1
19 0.50 0.50 0.50 0.50

Annual interest is paid on 11 March, and will be available the next business day. Monthly interest is paid on the last day of the month, and will be available the next business day.

Can Virgin Money Change the interest rate?

Rates are variable. This means we may increase or decrease interest rates at any time. When we decrease interest rates we will give you at least two months notice of the reduction. Please refer to Condition 12 within the Savings Terms and Conditions for details.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Issue Projected balance
Easy Access Cash E-ISA Issue 19 £1,005.00

This projection is provided for illustrative purposes only and does not take into account your individual circumstances. This is based on no withdrawals or further deposits being made and interest being added to the account. The projected balance is based on the annual interest rate.

How do I open and manage my account?

  • This account can be opened online by permanent UK residents aged 16 or over.
  • Minimum to open £1.
  • Minimum additional deposit £1.
  • Each tax year you can pay in up to your annual tax-free allowance (subject to the Terms and Conditions of your account), which is £15,240 in the 2016-2017 tax year.
  • Each customer can save up to a total of £2 million with Virgin Money, across all accounts held.
  • Deposits and instructions can be made by:
    • Arranging an electronic transfer.
    • Transfer from an existing Virgin Money account, subject to the Terms and Conditions of that account.
    • Transferring an existing Cash ISA or a Stocks and Shares ISA from another provider.
    • Cash – Store** only.
    • Cheque.

Can I withdraw money?

  • Minimum withdrawal amount is £1 (or less if closing).
  • You can have access to your money whenever you need it. Simply log into your account and arrange to take money in the following ways:
    • Electronic transfer.
    • CHAPS.
    • Transfer to another Virgin Money account, subject to Terms and Conditions of that account.

Additional Information

  • You will be able to view your E-ISA statement by logging into your account. These online statements will show the balance, details of any transactions and interest added to your account.
  • Please also remember the tax advantages depend on your individual circumstances and the tax treatment of ISAs may change in the future.
  • In addition to paying in up to £15,240 in the 2016-2017 tax year, you can also transfer previous tax years’ Cash ISA and Stocks and Shares ISA subscriptions. You can only subscribe to one Cash ISA in each tax year.
  • By opening a Cash ISA you limit the amount of tax-free savings you can make in a Stocks and Shares ISA and Innovative Finance ISAs.
  • As this is a flexible ISA, from 6 April 2016 new rules mean you can now withdraw money from your account and put it back in without it counting towards your annual ISA allowance. This money must be paid into the account in the same tax year as the withdrawal or you will lose the ability to replace it.

Complaints and cancellations

We hope we can resolve any issues you may have in the first instance, but if you have a complaint, please let us know as soon as possible so that we can look into it for you. You can write the details of your complaint to the Customer Relations Team, Virgin Money plc, Gosforth, Newcastle Upon Tyne, NE3 4PL or email customerrelations@virginmoney.comEmail opens in a new window

If we cannot resolve the complaint to your satisfaction you have the right to refer your complaint to the Financial Ombudsman Service, which provides independent adjudication of complaints. A copy of our Internal Complaint Procedures leafletPDF opens in a new window(PDF, 164KB) is available on request.

If you are not happy with your choice of account within 14 days of depositing your ISA subscription, we will help you close your account and you will not lose your right to invest in another Cash ISA or Stocks and Shares ISA or Innovative Finance ISA for that tax year. If you wish to take advantage of this 14-day rule, you must send your cancellation in writing to Savings Operations, Virgin Money, Jubilee House, NE3 4PL, when you close your account we will ensure that our reports to HM Revenue & Customs reflect the correct position. If you do cancel your account, the full amount of your investment, together with any interest earned will be returned to you.

Savings calculator

Interest calculator

Use our handy calculator to work out the estimated interest you could earn on this account.

visit the calculator

Save with confidence

As we are covered by the Financial Services Compensation Scheme, savings with Virgin Money are covered up to £75,000 per person.

View the FSCS guarantee

Make sure you read and keep

As we're covered by the Financial Services Compensation Scheme, most savings with us are covered up to £75,000.

Things you may need to hand

  • Your bank or building society number if you want your interest paid to another account
  • Your National Insurance number

This is an online account.

The easiest way to open a Virgin Money savings account is online. it takes about ten minutes, and you can get started right away.

I am a new customer

Apply now

I am an existing savings or mortgage customer

Sign in and apply

Frequently asked questions

How much can I save each year?

Each tax year, you have a tax-free ISA allowance. You can currently save up to £15,240 this tax year.

You can transfer in any ISAs that you have with other providers too. Transferred ISAs from previous tax years will not count towards your limit of £15,240, but transferred ISAs opened in this tax year will count towards your £15,240 allowance.

Don't forget that this is an annual allowance. If you have an ISA, you can deposit up to the maximum allowance each year, in addition to funds already in your account from previous years.

How do I pay money into this account?

You can add new money to your account with any amount between £1 and £15,240 by

If invalid contributions are made, an ISA may become void and we may need to transfer the money to a non ISA account which may not pay the same interest rate as this Cash ISA.

For FPS, BACS and Standing Order transfers
Sort code 08-60-64
Account number Your account number
For CHAPS transfers
Sort code 08-02-65
Account number 50048407
Reference Your account number and your name
For CHAPS transfers from banks outside the UK
Sort code 40-02-50
Account number 61333372
Reference Virgin Money Account Number and Name

If you do not make any deposits into a Cash E-ISA for a full tax year (break in subscriptions), you are required to agree to the ISA Declaration again before you can add any further money to your account. To do this, simply log in to your account and follow the on screen instructions to agree to the ISA Declaration. Then you will be ready to add more money to your Cash E-ISA.

How do I take money out?

You can withdraw all or part of your Cash ISA, plus earned interest, whenever you want.

There’s no limit on the number of withdrawals you can make, and the minimum amount you can withdraw is £1.

Simply sign in to Online Service to arrange a transfer to your nominated account. You can take money out by electronic transfer (usually by Faster Payments) or by CHAPS. Please note, there is a charge for CHAPS.

As this is a Flexible ISA, you can now withdraw money from your account and put it back in without it counting towards your annual ISA allowance. This money must be paid into the account in the same tax year as the withdrawal or you will lose the ability to replace it.

No notice is required to make a withdrawal.

When is the interest paid, and where is it paid to?

  • This account pays a variable rate of interest.
  • Annual interest is paid on 11 March and monthly interest on the last day of each month. If these days aren’t business days, we will pay them the next business day. Any additional interest earned after the last payment date will be added to the capital balance and paid upon closure of the account.
  • If the balance in your account falls below £1, the minimum amount set, our basic savings rate of 0.10% tax-free3 P.A applies.

Interest can be;

  • Added to your Easy Access E-ISA.
  • Transferred into any of our accounts (as long as you can add to the account).
  • into an account with another bank or building society.

Power of Attorney

Please note: It is not possible for a Power of Attorney account to be operated online. To apply as a Power of Attorney please download an application form PDF opens in a new window (PDF, 376KB) , complete and return to the address provided on the form. Your account will then be opened and operated by post via our Main Office.