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M Plus Account

Get more from your money

With interest rates on your balances, cashback on spending and access to exclusives. And, it's all for free.

You’ll need to be 18+ and a UK resident to apply online.

Moneyfacts logo: two times award winner 2022-2023. Best current account provider.

The highlights

Rate Change Information

From 1 August 2024 we will be reducing our M Plus Account rates from 2.02% AERAER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year. (2.00% GrossGross 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. per annum) to 1.00% (1.00% Gross/AERAER (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. per annum) on balances up to £1,000.

CASS switch offer

If you opened an M Plus Account between 1 and 31 May 2024 and use the Current Account Switch Service to switch your current account from another provider including two direct debits by 26 June 2024, you’ll get: 10% Gross/10.47% AERAER (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.
fixed rate bonus on balances up to £1,000 from 1 July 2024 to 30 June 2025. M Plus or Club M customers who qualify for the 10% bonus offer will receive an additional 1.00% Gross/AERAER (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.
bonus on balances up to £1,000 from 1 August 2024 - 30 June 2025. Switch Offer Terms apply.

Get the lowdown on the linked saver

It’s quick to transfer money between your current account and linked saver account. And if you use the app or online banking, you can see the balances whenever you want.

Check out the M Plus Saver summary box:

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.

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

Initial deposit at account openingBalance after 12 months
£1,000.00£1,025.04
£25,000.00£25,624.64
£50,000.00£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.

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 Store 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.

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 Store.

If you apply for an account, you’ll need to download and read these documents:

Customer quote Michael Woosnam “Easy and quick. No complex information required.” Customer quote June Redman “Would highly recommend to anyone who is thinking of changing banks.”

Ready to apply?

You can use the Virgin Money Mobile Banking app, or apply online.

Get started