What do I need to do?
Now that your E-Bond has reached the end of its fixed rate term, it's time to choose what you want to do next with your money. But don’t worry we will guide you through the three easy steps.
This page explains what happens next and the options available to you. It’s important to think about which option is right for you.
You will need to decide what you want to do before 6pm on Monday 19 May 2025 or your account will become an Easy Access Online Saver account paying 1.25% AER1/Gross2 when it matures.
Review your reinvestment options
Take a look at the reinvestment options available to you below.
Consider all alternative options
You have a number of options available to you - from reinvesting your funds in part or full, or withdrawing from your account.
Made your decision
Once you have made your decision follow our step by step guides on how to get yourself set up and you're ready to go.
1. Review your reinvestment options
Fixed Term
1 Year Fixed Rate E-Bond Issue 600
4.31%
AER1 gross2Good to know
At times, after we've sent you the options for your maturing account, the 1 Year Fixed Rate E-Bond that we are selling to new customers may pay a higher rate of interest than the fixed rate account we have offered you at maturity. If this happens before maturity and you choose to re-invest into the 1 Year fixed rate account then you don't need to call us to let us know you want the higher rate - we'll do it for you.
Please be assured, if the Fixed Rate E-Bond we are selling to new customers reduces in rate, you will continue to receive the higher rate of interest that we communicated to you.
Defined Access
Defined Access E-Saver Issue 31
4.06%
for the first three withdrawals, followed by a variable rate of
1.25%
AER1 Gross2
Easy Access
If you do not submit an alternative instruction or would like to have access to your funds when your account matures, your bond will automatically become an Easy Access Online Saver account at maturity. It is also available to select ahead of maturity if you want to reinvest into another Fixed Rate E-Bond and withdraw some of your funds.
Easy Access Online Saver
1.25%
AER1 Gross2Want to see what else we offer?
To make sure your account and the interest rate you’ll receive is right for you, it’s important to consider all of your options. You can learn about other accounts at virginmoney.com/savings.
2. Consider all alternative options
Now you’ve seen the accounts we have to offer, you have a number of alternative options available to you which you need to decide on before Monday 19 May 2025.
Remember
If we haven’t heard from you by this date your account will automatically become an Easy Access Online Saver account currently paying 1.25% AER1/Gross2. This account provides a variable rate of interest, easy access and unlimited withdrawals.
See Key Product Information sheet for more details Link opens in a new windowReinvest
When reinvesting you can either
- Reinvest your full balance into one or two of the accounts offered to you at maturity
- Reinvest into another product
Partial Reinvest
When partial reinvesting you will be able to
- Reinvest some funds and make a withdrawal
- Reinvest into a product offered at maturity and an alternative product available on our website
Add more money
When adding more money you can
- Add more money online or in branch
Withdraw
When withdrawing your money you can
- Withdraw and close your account
3. Made your decision?
You're just a few steps away from reinvesting
Sign into your account
To log in to your account you will need to know your 7 character customer ID.
It was emailed to you when you originally set up your account. It was also included on the email you received about your maturing E-Bond.
View your maturing E-Bond.
Follow the instructions for your selection. We’ll keep this page open so you can check back for the details.
Other information
We may use money in any savings account you have which is Virgin Money, Clydesdale Bank, Yorkshire Bank or B branded to reduce or repay money you owe us. This is sometimes known as “set-off”. If we did need to do this, it isn’t a decision we’d take lightly. We’d only do it in extreme circumstances (e.g. if you’ve defaulted on several payments) and we’d always let you know first.
For customers who had this account on 21 October 2019
Until 21 October 2020, or if your account matures after this date, three months from the date of maturity, we won’t use set-off rights against the money you have in this account to reduce or repay money you owe us on an existing Clydesdale Bank, Yorkshire Bank or B account which you had on 21 October 2019.