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Highlights

  • Earn interest on your savings
  • Access your money when you need it
  • No charge for withdrawing money in UK
  • Manage your account online, by phone or in Branch

Important documents

Please download, read and keep these documents

Save with confidence

We're covered by the Financial Services Compensation Scheme. Savings with Virgin Money are covered up to £85,000 per person.

View the FSCS guarantee

Account summary box

Please read this information before you transfer to this account

Instant Savings Account

BalanceGross Rate (%)AER (%)
£1 and over1.251.26

We work out how much interest to pay you at the end of each day. This is based on the money in your account. We’ll add any interest on the last working day in March, June, September and December.

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£1,012.55

This is only an example and does not take into account your individual circumstances.

The examples assume that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to the interest rate.

This account is only available for existing products to transfer into at maturity. New applications will not be accepted. There is no maximum balance restriction or need to pay in on a regular basis

You may withdraw funds by using internet/telephone banking, the Virgin Money Mobile Banking app, ATM or in Branch. No notice is required.

Interest will be paid gross.

Before you start

To transfer to Instant Savings Account, you'll need

  • A copy of your ID document[1].
  • Customer number prefixed with ‘IS’ e.g. IS1012345678.

If your Cybersave account has been managed by an adult, you'll also need

You can find your customer number in your Maturity Pack.

Download a list of acceptable ID documents for 16-17 year olds.

[1] Make sure you have the correct type of file to upload, we accept the following formats: a photograph (please ensure all text is legible) or a high quality scanned image of your original document.

Ready to transfer?

Upload your ID, and, if applicable, Transfer of Authority form and adult’s IDRequired if your Cybersave account has been managed by an adult.

Upload documents

Need help?

If you need assistance, or would like more information please give us a call on

0800 22 24 26

We're here from 8am to 6pm Monday to Friday and 9am to 1pm Saturdays.

NumberCost
03 numbersSame as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way.
084 numbersMaximum of 7p per minute, plus your phone company's access charge.
087 numbersMaximum of 13p per minute, plus your phone company's access charge.
0800 numbersFree from UK landlines and personal mobile phones.

Alternatively you can pop into your nearest Branch where our advisers will be happy to help.

Find your nearest Branch