Breaking news! We’re boosting our M Plus Saver rate to 3.03% AER3 (variable) and Easy Access Cash ISA Exclusive to 3.75% AER/tax-free (variable) from 1 June 2023. For new and existing current account customers (exclusions and terms apply).
Get more for your money with the M Plus Account
- High interest current account
- Exclusive ISAs
- Cashback on your spending
No monthly fee. You'll need to be over 18 and a UK resident to apply online. Check out all the terms, tariff and other important information.
Superfast digital sign up
Savvy savers, things just got interesting…
Make your money work harder with high interest rates on your savings.
- M Plus Account
- Grab a red-hot 2.02% AER1 interest on your bank account balance up to £1,000
- Linked to the M Plus Saver
- Earn 2.52% AER2 interest on your linked M Plus Saver balance up to £25,000. You'll get this account when you open the M Plus Account. Just so you know, from 1 June 2023 we will be increasing our rate to 3.03% AER3 (variable).
- Watch your savings grow
- Get access to a 3.00% AER Easy Access Cash ISA and watch your money grow tax-free. Good news! From 1 June 2023 we will be increasing our rate to 3.75% AER/ tax-free (variable).
Earn cashback when you shop
Join today and unlock the benefits of cashback on your current account spending. Terms apply.
- It's easy to get started
- Once you've opened your account, register for cashback in the app.
- Watch your money grow
- Check the latest and greatest cashback offers in the app. Spend with these retailers on your debit card and you'll earn cashback on these offers automatically.
- Bank your cashback
- When you want your cash back, transfer it into your current account.
iOS 14.7 or above
Android 8.0 or above
Putting your money in your hands
You can manage your account online or in the app. It’s packed with super-smart features to put you in control of your cash.
- Budget like a boss
- Set budgets for regular spending like your food shop, gas, electric and mortgage.
- Master your money
- View transactions, tag your spending and sort your spending categories as you like it.
- Discover all the extras
- Grab an exclusive ISA or boss your bills with Youtility. Go to the Discover tab in the app to explore all your extras.
Android 8.0 or above
Putting your money in your hands
You can manage your account online or in the app. It’s packed with super-smart tools to put you in control of your cash.
- Budget like a boss
- Set budgets for regular spending like your food shop, gas, electric and mortgage.
- Master your money
- View transactions, tag your spending and sort your spending categories as you like it.
- Discover all the extras
- Grab an exclusive ISA or boss your bills with Youtility. Go to the Discover tab in the app to explore all your extras.
iOS 14.7 or above
Putting your money in your hands
You can manage your account online or in the app. It’s packed with super-smart tools to put you in control of your cash.
- Budget like a boss
- Set budgets for regular spending like your food shop, gas, electric and mortgage.
- Master your money
- View transactions, tag your spending and sort your spending categories as you like it.
- Discover all the extras
- Grab an exclusive ISA or boss your bills with Youtility. Go to the Discover tab in the app to explore all your extras.
Power up your pocket
- No nonsense notifications
- Set your transaction and balance alerts, keeping track of all your ins and outs.
- Cheque this out
- Snap a photo of your cheque in the app and tap to upload it in an instant.
- Manage all your admin
- You're in control. Manage your contact details, report a lost or stolen card, change your password and more.
- Tap to pay
- Out and about? Use Apple Pay or Google Pay on your watch or phone and spend as you like.
Service to make you smile
We want all our customers to feel happier about money. If you need us at any time, here's how you can contact us.
- UK customer support
- If you prefer to talk, you can call a member of our UK based team.
- Chat support
- If you prefer to type, you can chat to our virtual assistant in the app for quick and easy answers.
- UK Store network
- If you prefer face-to-face, pop into one of our UK Stores to speak to us. You'll have space there to learn, work and play.
Dive into the details
Very quick, easy and simple to apply for this current account and also the associated savings account. Would highly recommend to anyone who is thinking of changing banks.
June Redman
M Plus Saver summary box
| Balance | Gross rate (%) | AER (%) |
|---|---|---|
| Balances up to and including £25,000 | 2.50% | 2.52% |
| Balances over £25,000 | 2.00% | 2.02% |
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 opening | Balance after 12 months |
|---|---|
| £1,000.00 | £1,025.24 |
| £25,000.00 | £25,629.71 |
| £50,000.00 | £51,133.47 |
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 internet/telephone banking, the Virgin Money Mobile Banking app or in Store.
Our switching service
It's easy to use our switching service, and it's all backed by the Current Account Switch Guarantee.
HooYu ID Checks
Identification checks are secure thanks to our trusted ID verification partner HooYu.
FSCS guarantee
Your eligible deposits with Virgin Money are covered up to £85,000 per person.
Secure transactions
We're all over your online transactions to make sure it's really you making them.
Overdrafts
Use our calculator to work out how much an overdraft could cost you.
Cashback
Unlock the benefits of cashback on your current account spending.
Rewards
Brighten up your world with epic rewards in our app.
Our banking app
Take control of your money with the Virgin Money app.
Compare accounts
Make sure you're choosing the right account for you.
It was a very easy process applying for the account.
Richard Salmon
Ready to apply for our M Plus Account?
Get started[1] 2.02% AER (2.00% gross per annum variable) interest rate, paid monthly, on your M Plus Account balance up to £1,000.
[2] 2.52% AER (2.50% gross per annum variable) on savings balances up to £25,000, and 2.02% AER (2.00% gross) on any balances above £25,000. Interest paid quarterly.
[3] 3.03% AER (3.00% gross annum variable) on savings balances up to £25,000, and 2.52% AER (2.50% gross) on any balances above £25,000. Interest paid quarterly.
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. The tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.
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