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*Whilst we won't charge you, some ATM providers may apply a charge. You'll be notified of this before you go ahead with the withdrawal.

Club M Account


AER1 (2.00% gross1 per annum variable) on balances up to £1,000, interest paid monthly.

Linked to the Club M Saver


AER1 (0.35% gross1 per annum variable) on your savings balance, interest paid quarterly.

Monthly Fee for Maintaining the Account


View the rates and fees

Plus the Virgin Money App

Set up budgets, top up your savings, sort out your spending. With the Virgin Money App, you’re in control.


If you're 18 or over, you can apply for this account online or over the phone.

Before you apply, take a look at as many accounts as you can, to make sure you end up with the one that's right for you. This isn't the only current account we offer. To help you decide, see how it stacks up against others. Whichever you apply for, please have ID such as your passport or driving licence to hand.

Once we've approved your application, you have 14 days to cancel if you wish. Just phone us. Once you've cancelled, you have 30 days to pay anything you owe, such as interest or fees.

Account Summary

Please open and read the following Club M Saver Summary box

Account name: Club M Saver

What is the interest rate?

BalanceGross rate (%)AER (%)
On all balances0.35%0.35%

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 2 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 a £1,000 deposit?

Initial deposit at account openingBalance after 12 months

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,, 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,, 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 internet/telephone banking, the Virgin Money Mobile Banking app or in Store.

Additional Information

Interest will be paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.


An Arranged or Unarranged Overdraft is a way to borrow money from the bank and is intended for occasional use. Here's a quick overview of how they work:

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.

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.

If we’re unable to offer you the Club M Account, we may be able to offer you our M Account instead.

Club M Account switch offer

To qualify for 15,000 shiny Virgin Points, make sure you read and follow a few simple steps within 45 days of your account opening date.

Terms apply Link opens in a new window. UK, 18+. Offer may be withdrawn at any time. Virgin Red customers only. Excl. existing Virgin Money, Clydesdale & Yorkshire Bank current account customers, account closures since 28/02/21 & those who’ve taken up previous Virgin Red offers for switching to Virgin Money or Virgin Money Brighter Money Bundles offers.

Current Account Switch Guarantee

Our offer is also available when you switch to our M Plus Account. Terms apply.

Our application form is down. It'll be back very soon.

Each weekday, we need to do a spot of housekeeping on our application form.

We always do it at these times:

Midnight - 12:30am
7pm - 7:15pm
8:10pm - 8:25pm

As you can see, we'll soon be done for another day.

So come back in a bit and complete your application.

Thanks for bearing with us.

[1] AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year. Gross rate interest payable without taking account of any tax payable. Credit interest is calculated daily on the cleared credit balance in your account.