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Get more for your money with the M Plus Account

  • Red hot saver rates
  • Exclusive ISAs
  • Cashback on your spending

No monthly fee for maintaining the account. You'll need to be over 18 and a UK resident to apply online. Check out all the terms, tariff and other important information. Rates are variable.

Winner Moneyfacts Awards 2022 - Best Current Account Provider. Current Account Switch Guarantee. 3.03% AER(2). 3.75% AER/Tax-free ISA. Rates are variable.

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A mobile phone that demonstrates how to go from 30% to 60% to 100% of your savings goals in the Virgin Money app.

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 3.55% 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.
  • Watch your savings grow
    Get access to an
Easy Access Cash ISA at 4.76% AER1, and a 1 Year Fixed Rate Cash ISA at 5.25% AER1. Discover the deals.

Important Information
From 19 March 2024 we will be reducing our M Plus Saver rates from 3.55% AER2 (3.50% gross per annum) to 2.50% AER2 (2.48% gross per annum) on balances up to £25,000. For balances above £25,000 rates will reduce from 2.52% AER2 (2.50% gross per annum) to 2.00% AER2 (1.99% gross per annum). Interest paid quarterly. All rates are 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.
A mobile phone gives a snapshot of how cashback works in the app. Total cashback, future cashback and available cashback. There are three example cashback offers.
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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
    Unlock exclusive rates and offers on things like savings and mortgages. Discover the deals.
virgin money icon
  Link opens in a new window

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
    Unlock exclusive rates and offers on things like savings and mortgages. Discover the deals.

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
    Unlock exclusive rates and offers on things like savings and mortgages. Discover the deals.

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.
A mobile phone image gives an example of a chat with the virtual assistant.

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.

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

Interest rate up to 18 March 2024

BalanceGross rate (%)AER (%)
Balances up to and including £25,0003.50%3.55%
Balances over £25,0002.50%2.52%

Effective from 19 March 2024

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

Up to 18 March 2024

Initial deposit at account openingBalance after 12 months
£1,000.00£1,035.46
£25,000.00£25,883.24
£50,000.00£51,514.12

Effective from 19 March 2024

Initial deposit at account openingBalance after 12 months
£1,000£1,025.04
£25,000£25,624.64
£50,000£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.

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] 3.55% AER (3.50% gross per 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.

Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries.

Google and Google Pay are trademarks of Google LLC.