Have Club M, will travel. Our packaged account comes with added travel and insurance benefits to make your money go further. Join the club.
If it's the full package you're after, then look no further
Club M Account
1.00%
Feast on a 1.00% AER1 (1.00% Gross1 per annum variable) interest rate, paid monthly, on your Club M Account balance up to £1,000.
Linked to the Club M Saver
2.50%
Any money you move into your linked Club M Saver account will earn 2.50% AER1 (2.48% Gross1 per annum variable) on savings balances up to £25,000, and 2.00% AER1 (1.99% Gross1 per annum variable) on any balances above £25,000. Interest paid quarterly.
Monthly Fee
£12.50
There is a £12.50 monthly fee for maintaining the Club M Account insurance benefits.
Club M comes bursting with benefits
Our Club M Account is a step up from our award-winning M Plus Account. You'll get all the features and rewards from our M Plus Account, plus a rich package of insurance benefits.
- Take control with our Virgin Money App and Online Service - packed full of clever tools that help you track, budget, save and pay.
- No fees when you travel - we won't charge you for spending on your card or withdrawing cash when you're abroad.
- Unlock exclusive accounts, rates and offers. Like a child bank account for 11 to 15s. Explore our exclusives.
- Over 32 million places worldwide welcome your contactless debit card, and it comes ready for Apple Pay and Google Pay.
- An Arranged Overdraft for when you need a little extra - subject to status. Use our Overdraft Calculator Link opens in a new window to see the cost.
Insurance cover for the things you love
- Worldwide family multi-trip travel insurance - including winter sports, golf and weddings. Plus, 24 hour access to a doctor at home or abroad. And, a concierge service to make reservations, transfers or just ask a question.
- Worldwide family mobile & gadget insurance for loss, theft and accidental damage - including cameras, laptops, tablets and more.
- Breakdown cover - vehicle rescue day and night, you’ll get help whether you’re the driver or a passenger.
Our cover is subject to certain conditions and exclusions. Before you apply, take a look at all the insurance benefits, to make sure this account is right for you. Please read our Club M Account Insurance Policy Wording Link opens in a new window.
Just remember, if you’re looking for travel insurance without all the benefits of the Club M account then view our travel insurance page.
You're ready to apply if:
- You're 18 or over and live in the UK
- You've read all of the important information below.
- You've read about the changes we're making to our Club M Account insurance benefits from 1 February 2025. Read about the changes
What is the interest rate?
| Balance | Gross rate (%) | AER (%) |
|---|---|---|
| Balances up to and including £25,000 | 2.48 | 2.50 |
| Balances over £25,000 | 1.99 | 2.00 |
Interest is calculated on a daily basis and paid on the last working day of each calendar quarter.
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
What would the estimated balance be after 12 months based on:
| Initial deposit at account opening | Balance after 12 months |
|---|---|
| £1,000 | £1,025.04 |
| £25,000 | £25,624.64 |
| £50,000 | £51,125.87 |
This is only an example and doesn't take into account your individual circumstances.
The example assumes that:
- no further deposits or withdrawals are made;
- any interest earned stays in the account; and
- there is no change to the interest rate.
How do I open and manage my account?
You may only open a Club M Saver if you have a Club M Account with us in the same name(s).
The Club M Saver will stay open, as long as the Club M Account is maintained as described in the Terms.
The Club M Account can be opened online, virginmoney.com/current-accounts/club-m-account, or call us on 0800 678 3654. If you already have the Club M Account but do not have the Club M Saver, then this can be opened online, virginmoney.com/club-m-saver, or call us on 0800 678 3654
There are no minimum or maximum balance restrictions and no need to pay in on a regular basis. The Club M Account is available for anyone from the age of 18. Subject to status.
Can I withdraw money?
You may only withdraw funds by transfer to your Club M Account or any other account that we allow you to make a transfer into using online/telephone banking, the Virgin Money Mobile Banking app or in Store.
Additional Information
1 AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
2 Interest will be paid gross. Gross rate interest is the interest payable without taking account of any tax payable.
Product information and policy wording documents
The cover provided is subject to certain conditions, exclusions and policy limits. Some pre-existing medical conditions are covered and some may be covered by paying an additional premium. It is important you read the full details before applying.
Check the eligibility criteria to make sure the account is right for you.
- Insurance Product Information Document (valid until 31 January 2025) Link opens in a new window
- Insurance Product Information Document (valid from 1 February 2025) Link opens in a new window
- Club M Account Insurance Policy Wording (valid until 31 January 2025) Link opens in a new window
- Club M Account Insurance Policy Wording (valid from 1 February 2025) Link opens in a new window
Worldwide Family Multi-Trip Travel Insurance
Insurance provider: American International Group UK Limited (AIG).
(Excludes travel in, through or to Cuba, Iran, Syria, North Korea, the Crimea region, or the Donetsk People’s Republic (DNR) or Luhansk People’s Republic (LNR) regions of Ukraine, or anywhere the Foreign, Commonwealth & Development Office advises against all but essential travel)
Medical Cover Directory
If AIG are unable to provide cover for your medical conditions, MoneyHelper has introduced a directory of travel insurance firms which can help consumers with existing medical conditions access travel insurance that covers their conditions. For example, this might include how you can get cover for a conditions that may be currently excluded on your policy or where you are paying an additional premium to cover your medical conditions(s).
If you would like further information, please visit MoneyHelper or call 0800 138 7777
Breakdown Cover
Insurance provider: Green Flag, underwritten by U K Insurance Limited
Mobile phone and Gadget Insurance
Insurance provider: Assurant General Insurance Limited.
What is an Arranged Overdraft?
This is a borrowing limit on your account that we agree with you in advance, so it's there when you need it. You'll pay Arranged Overdraft interest on the amount you choose to use.
What is an Unarranged Overdraft?
This is where you borrow from us when there is no money left in your account (or when you have gone past your Arranged Overdraft limit) and this has not been agreed with us in advance. You will pay Unarranged Overdraft interest.
If you don't have enough money in your account to cover a payment, we may charge a Refusing A Payment Due To Lack Of Funds Fee. You should aim to repay your overdraft borrowing as quickly as possible and use it responsibly as your usage will be reflected in your credit file.
Will you get an arranged overdraft?
Use our eligibility calculator and find out. It won’t leave a mark on your credit file.
Take control of your money
With the Virgin Money App and Online Service.
- Sign in securely
- Use your face or fingerprint. Or prefer a postcode? That's fine.
- Master your money
- View transactions and sort your spending by category.
- Save savvily
- Set aside money for those must haves, with Savings Pots.
Currently you can only manage your account with us face to face in a few of our stores. Learn more Link opens in a new window.
Spend all over
Over 32 million places worldwide welcome your card - just look for the Mastercard® logo. You can also use it to withdraw cash (subject to account balance).
Your card comes ready for Apple Pay and Google Pay, making it even easier to pay for things.
Pay with apple Link opens in a new window Pay with google Link opens in a new window
Protecting your money
- Security
- We're all over your online transactions to make sure it's really you making them.
More about security - FSCS guarantee
- Your eligible deposits with Virgin Money are covered up to £85,000 per person.
View the FSCS guarantee - Current Account Switch Guarantee
- It's easy to use our switching service, and it's all backed by the Current Account Switch Guarantee.
More on switching - Mitek ID checks
- Identification checks are completely safe and secure thanks to our trusted ID verification partner Mitek.
More on Mitek
Which account has your name on it?
This isn't the only current account we can offer you. To help you decide if it's the one for you, see how it stacks up against our others.
Compare accounts1. AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year. Gross rate interest is the interest payable without taking account of any tax payable. Credit interest is calculated daily on the cleared credit balance in your account.
Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries.
Google and Google Pay are trademarks of Google LLC.