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Easy Access Cash ISA Issue 15

No introductory bonus, just a straightforward rate

Issue 15 – Variable rate

Variable rate of

1.11% AER1

1.11% Tax-free3 P.A.

Notice Easy Access
Account management Store
Min - max balance £1 - no max
Interest paid Monthly or Annually

There are cash ISAs
and there are Virgin Money cash ISAs

  • Your Money award for best direct cash ISA provider two years running
  • Add or withdraw money when you choose to
  • Use our Transfer Service to bring all of your ISAs together
  • You keep all of the interest as there's no tax to pay
  • All our call centres are UK-based and ready to help you
  • You’ll get access to a range of Virgin Group discounts and free membership to our Lounges
  • Whether you choose to receive your interest annually or monthly, you'll still receive 1.11% AER1

Product documents

Apply for this account

How the account works

You can open an account if you are 16 years of age or over and a UK resident. The account will be an individual account as joint Cash ISAs are not allowed.

You can only pay in to one Cash ISA and one Stocks and Shares ISA per tax year, up to the current combined annual limit of £15,240.

Read the full account guide PDF opens in a new window 

Frequently asked questions

How much can you save each year?

Each tax year, you have a tax-free ISA allowance. You can currently save up to £15,240 this tax year, so if you deposit £15,240 and take out £10,000, you can't make any further deposits until the next 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 Virgin Easy Access Cash ISA with any amount between £1 and £15,240 by:

  • Transferring money electronically to us by BACS, CHAPS, FPS or Standing Order once you know your account number.
  • Sending a cheque with a transaction slip PDF opens in a new window (PDF, 116KB) to our Main Office – please make the cheque payable to "Virgin Money plc for the account of [insert account holder’s name(s)]" and crossed "A/c Payee only". Please also quote your account number on the reverse.
  • Visiting your local Store Link opens in a new window** to make a cash or cheque deposit.
  • Transferring money from another account either by sending a transaction slip PDF opens in a new window (PDF, 116KB) to out Main Office or by visiting your local Store** with ID and passbook if applicable (as long as you can withdraw from the account).

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 08-61-15
Account number 00000515
Reference 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 Customers Virgin Money Account Number and Name

If you don't make any deposits into a Cash ISA for a full tax-year (known as a break in subscriptions), we are required to get a new application form from you before the deposits can be accepted.

How do I take money out?

On your written instructions and within a time stipulated by you, all or part of your Cash ISA funds and any earned interest can be transferred or paid to you (please refer to the Savings Terms and Conditions for further information).

Any funds withdrawn from a Cash ISA will lose their tax-free status. To ensure you retain this tax-free status, ISA funds must be transferred to another ISA either with another provider or a Virgin Money Cash ISA.

Simply send your written instruction to Savings Operations, Virgin Money, Jubilee House, NE3 4PL or you can take money out in the following ways:

To make a withdrawal by Faster Payment or CHAPS please provide us with the following details:

CHAPS and Faster Payments cannot be cancelled unless you have requested a future dated payment at a Store or by post, and the cancellation must be done at least one business day before the payment is due. Visit a Store, contact us by telephone or send written instructions to us to let us know.

  • cash – Virgin Money Store †only;
  • cheque – simply complete a transaction slip and a cheque will be sent promptly to your correspondence address;
  • electronic transfer – if possible, we will send your payment by FPS, meaning that we will debit your account the same day or on any future date for which you authorised the payment. The payment should reach your nominated account within a few hours but no later than the end of the next business day; or
  • if you request a CHAPS withdrawal and we receive your authority and full instructions before 1pm on a business day, the money should be credited to your nominated bank or building society account the same day. Withdrawal instructions received after 1pm will not be processed until the next business day and the money should be credited to your nominated bank or building society account on that day. A charge will be made for this type of transfer, please refer to Condition 11 within your Savings Terms and Conditions for details. The minimum you can withdraw by CHAPS is £250 up to the account balance.
    • Virgin Money account number
    • Amount to transfer
    • Name of bank or building society where funds are to be transferred
    • Valid sort code
    • Account number
    • Reference number (where applicable)
    • For a CHAPS, provide authority to debit the CHAPS transfer charge.
  • transfer to another Virgin Money account, subject to the terms and conditions of that account.

In all cases the correct number of account holders must provide their signature as authority for your account to be debited.

Will I incur any charges with this account?

There are charges for some standard services that we make available to you. These are detailed below:

Service Charge
CHAPS Minimum withdrawal £250 £30 per transfer
Copy cheque £5 per cheque
Copy statement £10 per statement

We may also make a reasonable charge for any non-standard services which we make available to you on a discretionary basis. If you request such a service, we will tell you the amount of our charges before we act on your instructions.

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

  • This account pays a variable rate of interest.
  • Annual interest is paid on 30 November 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 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.

What happens if you change your mind?

If you aren't happy with your choice of account within 14 days of depositing your ISA subscription, we'll help you close your account and you'll not lose your right to invest in another Cash ISA or Stocks and Shares 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,

When you close your account, we will make sure that our reports to HM Revenue & Customs reflect this. If you do cancel your account, the full amount of your investment together with any interest earned, will be returned to you.

Award-winning Cash ISAs

Voted Best Online Cash ISA Provider 2015

If you're looking to take advantage of your tax-free savings allowance, then a Cash ISA could be the perfect place to start.

Read more

Transfer a Cash ISA to us

You can transfer money from any existing ISAs to us. Complete your application first, and then download, complete and sign a Transfer Authority Form. Once completed, return it to us at the address on the form.

Transfer Authority Form PDF opens in a new window   (PDF, 120KB)

Transferred ISAs from previous tax years will not count towards your annual limit of £15,240, but transferred ISAs opened in this tax year will count towards your £15,240 allowance.

Read more about our ISA transfer process Link opens in a new window  

We’re here for you in our Stores

Request an appointment and chat with us face to face at your local Store.

We'll give you straightforward, friendly help with our savings products.

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Account details

Minimum age 16
Introductory bonus None
Interest paid Monthly or Annually
Interest type Variable
Withdrawals allowed Yes
Notice period Easy Access
Minimum balance £1
Minimum withdrawals £1
Minimum additional deposits £1
Strictly limited issue Yes
Transfers allowed Yes, to transfer your ISA simply complete a Transfer Authority Form PDF opens in a new window for each ISA you wish to transfer and return with your application.
Apply for this account