Everyday bank account
M Plus Account
Get interest on your balances, cashback on spending and access to exclusives. And, it's all for free.
Get startedYou’ll need to be 18+ and a UK resident to apply online.
The highlights
No fees overseas
No feesWhen you're abroad, some cash machines might charge a fee. when you use your card abroad or shop online in other currencies.
Interest on your current account
Grab 1.00% AER/grossRates are variable. Interest paid monthly. interest on your current account balance up to £1,000.
A linked savings account
1.75% AER/1.74% grossRates are variable. Interest paid quarterly. on your M Plus SaverOpen an M Plus Account and you'll get a free linked savings account. It can make saving easier with quick transfers. balance, up to £25,000. 1.25% AER/1.24% grossRates are variable. Interest paid quarterly. on balances above £25,000.
Our linked saver rates are changing
The linked saver rate applies from 30 March 2026. Until then, you'll earn 2.00% AER (1.99% gross per annum variable) on balances up to £25,000 and 1.50% AER (1.49% gross), on any balances above £25,000. Find out more about our rate change.
Brilliant basics
A bank account is nothing without the basics:
- An app with everything you need to manage your money
- A debit card that works worldwide
- Security features you can count on
- Apple Pay and Google Pay
Good to know
Switch your current account
Switch your account to us in less than 7 days. It’s easy, we do all the work, and it's backed by the Current Account Switch Guarantee.
Protecting your money
Sleep easy with protection on deposits up to £120,000. Provided through the Financial Services Compensation Scheme (FSCS).
Looking for an overdraft?
If there are times you might need to borrow a bit of money, you could get an overdraft. Find out how much it might cost and check your eligibility.
Exclusive offers
Open one of our current accounts and get access to exclusive accounts and offers
Explore our exclusives
You’re ready to apply for an M Plus Account if:
- you’re 18 or over and live in the UK
- you’ve read all of the important information below
What is the interest rate?
Interest rate until 29 March 2026
| Balance | Gross rate (%) | AER (%) |
|---|---|---|
| Balances up to and including £25,000 | 1.99% | 2.00% |
| Balances over £25,000 | 1.49% | 1.50% |
Interest rate from 30 March 2026
| Balance | Gross rate (%) | AER (%) |
|---|---|---|
| Balances up to and including £25,000 | 1.74% | 1.75% |
| Balances over £25,000 | 1.24% | 1.25% |
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?
Estimated balance until 29 March 2026
| Initial deposit at account opening | Balance after 12 months |
|---|---|
| £1,000.00 | £1,020.05 |
| £25,000.00 | £25,500.31 |
| £50,000.00 | £50,874.90 |
Estimated balance from 30 March 2026
| Initial deposit at account opening | Balance after 12 months |
|---|---|
| £1,000.00 | £1,017.52 |
| £25,000.00 | £25,437.03 |
| £50,000.00 | £50,748.48 |
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 Plus Saver if you have an M Plus Account with us in the same name(s). The M Plus Saver will stay open, as long as the M Plus Account is maintained as described in the Terms.
The account can be opened in Branch or online, virginmoney.com/current-accounts/pca, or call us on 0800 121 7365, someone from our team will be available 24/7.
There are no minimum or maximum balance restrictions or need to pay in on a regular basis. The M Plus Account is available to anyone from the age of 16. Subject to status.
If you want to apply online, you'll need to be at least 18. Subject to status.
Can I withdraw money?
You may only withdraw funds by transfer to your M Plus 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 Branch.
Additional information
AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
Interest will be paid gross. Gross rate interest is the interest payable without taking account of any tax payable.
Our other accounts
This isn’t the only current account we can offer you. Find out how it stacks up against our others.
Compare accountsInterest explained
- AER stands for Annual Equivalent Rate, and illustrates what the interest rate would be if interest was paid and compounded once each year.
- APR stands for Annual Percentage Rate. If you have a credit card, the APR is the cost of using your card to borrow money over a 12 month period.
- Credit interest is calculated daily on the cleared credit balance in your account.
- Gross is the interest payable without taking account of any tax payable.
- p.a. stands for per annum, which means every year.
- The tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.
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