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Instant access savings account


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.

View the M Account Tariff Link opens in a new window

Protecting your money

Your deposits with Virgin Money are covered up to £85,000 per person.

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Before you apply, take a look at the other Savings accounts we offer, to make sure you end up with the one that’s right for you. Please open and read the following summary box too.

Account Summary

Account name

M Saver

What is the interest rate?

BalanceGross rate (%)AER (%)
Balances up to and including £25,0002.48%2.50%
Balances over £25,0001.99%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 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:

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 an M Saver if you have an M Account with us in the same name(s). The M Saver will stay open as long as the M Account is maintained as described in the terms.

You can open the account in Store or by calling us on 0800 121 7365. Our team are available 24/7. In certain situations, we may also let you open this account online.

There are no minimum or maximum balance restrictions. And there’s no need to pay in on a regular basis. The M Account is available to selected customers from the age of 16. Subject to status.

Can I withdraw money?

You may only withdraw funds by transfer to your 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

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.

Before you apply

Here’s a handy reminder of your existing account documents that covers both the M Account and the M Saver

Get started

It only takes a few minutes to set up your account

Personal account

Set up your M Saver

[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.