1 Year Fixed Rate E-Bond

Great for saving a lump sum over a set time

Fixed rate of

1.25% AER1

1.25% Gross2 P.A.

If you're looking for a longer term option for your savings, our Fixed Rate E-Bonds are a great choice. You can save for a set period of time, and in return you'll get a fixed rate of interest, so you'll always know what you'll get at the end.

Need more flexibility to access your money whenever you need it? Why not take a look at our Easy Access E-Saver?

The highlights

Limited issue

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Saving from £1

Open your account and start saving today with only £1.

Long term saving

Lock your money away for longer and get our best rates.

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Account Name

1 Year Fixed Rate E-Bond Issue 313

What is the interest rate?

Issue Annual interest
% Gross2
Annual interest
% AER1
Monthly interest
% Gross2
Monthly interest
% AER1
Maturity date
313 1.25 1.25 1.24 1.25 20 March 2019

Annual interest is paid on 5 August and will be available the next working day. Monthly interest is paid on the 7th day of each month, and will be available the next working day.

Can Virgin Money change the interest rate?

Rates are fixed until the maturity date. This means we cannot change the rate until after the fixed rate period.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Issue Fixed term Projected balance at the end of the fixed term
1 Year Fixed Rate E-Bond Issue 313 1 Year £1,012.50

This projection is provided for illustrative purposes only and does not take into account your individual circumstances. This is based on no withdrawals or further deposits being made and interest being added to the account. The projected balance is based on the annual interest rate.

How do I open and manage my account?

  • This account can be opened online by UK residents aged 16 or over.
  • Only one account can be opened per customer per issue.
  • Minimum to open £1.
  • Minimum additional deposit £1.
  • Minimum operating balance £1.
  • Maximum deposit limit £1 million. For all accounts the maximum deposit limit also applies to joint accounts.
  • This is a strictly limited issue and can be withdrawn at any time. Once withdrawn there is a very limited window to make any deposits and any deposits received after this time will be returned to you. We will not contact you to let you know when the Fixed Rate E-Bond is withdrawn.
  • Each customer can save up to a total of £2 million with Virgin Money, across all accounts held.
  • If a deposit results in your account going over the maximum deposit limit we will return the additional money to you. This does not include any interest you have asked to be added direct to your account.
  • Deposits and instructions can be made by:
    • Cash – Store** only.
    • Cheque.
    • Arranging an electronic transfer.
    • Transfer from an existing Virgin Money account, subject to the terms and conditions of that account.

Can I withdraw money?

  • Early closure or withdrawals are not permitted until after the fixed rate period as detailed.
  • After the fixed rate period your account will become a variable rate account. However, we will email you before the end of the fixed rate period to let you know the options available to you, as well as advising you of the interest rate currently payable on the variable rate account.

Additional Information

  • This account is a non-payment account.
  • The automatic deduction of tax on savings interest ceased with effect from 6 April 2016.
  • We pay interest without deducting income tax, unless HMRC/the law requires otherwise. However, depending on your personal circumstances, you may be liable to pay income tax on the interest you have earned. Please visit www.gov.uk/hmrc/savingsallowance for further information. We do not issue Certificates of interest paid and tax deducted automatically. However, once you have requested and received a Certificate of interest paid and tax deducted we will provide further certificates in April each subsequent year that the account remains open and, for closed accounts, in the tax year the account is closed.
  • Please note, the tax treatment and rate of interest payable depend on the individual circumstances of each customer and may change in the future.
  • Each month that there is a transaction on your account (other than an interest payment), we may email you at least once to let you know a statement is available to view online. You can view your transactions online at any time.

Complaints and cancellations

If you have a complaint, please let us know as soon as possible so that we can look into it for you. You can write to the Customer Relations Team, Virgin Money plc, Gosforth, Newcastle upon Tyne NE3 4PL or email customerrelations@virginmoney.com Email opens in a new window. If we are not able to put things right to your satisfaction, you have the right to refer your complaint to the Financial Ombudsman Service for independent adjudication. If you would like a copy of our Internal Complaint Procedures leafletPDF opens in a new window(PDF, 164KB), this is available on request.

You are unable to cancel this account once it has been opened.

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Interest calculator

Use our handy calculator to work out the estimated interest you could earn on this account.

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Save with confidence

As we are covered by the Financial Services Compensation Scheme, savings with Virgin Money are covered up to £85,000 per person.

View the FSCS guarantee

Things you may need to hand

  • Your bank or building society number if you want your interest paid to another account
  • The details of other applicants, if you are opening an account with other people

This is an online account.

The easiest way to open a Virgin Money savings account is online. it takes about ten minutes, and you can get started right away.

I am a new customer

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I am an existing savings or mortgage customer

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Frequently asked questions

How do I pay money into this account?

Make sure your deposits get to us as soon as possible, as we can’t confirm when the account might be withdrawn for new deposits. If we do receive money following withdrawal, we may send it back to you. We will not contact you to let you know when any product is withdrawn.

You can add any amount from £1 up to £1 million by:

  • Transferring money electronically from your existing account by BACS, CHAPS, FPS or Standing Order.
  • Sending a cheque and a transaction slip(PDF, 116KB) to our Main Office – please make the cheque payable to "Virgin Money plc for the account of [insert account holder’s name(s)]" and crossed "A/c Payee only". Please also quote your account number on the reverse.
  • Visiting your local Store** to make a cash or cheque deposit
  • Transferring money from another Virgin Money account by sending a transaction slip(PDF, 116KB) to our Main Office or visiting your local Store** with ID and passbook (as long as you can withdraw from the account)
For FPS, BACS and Standing Order transfers
Sort code 08-60-64
Account number Your Virgin Money account number
For CHAPS transfers
Sort code 08-02-65
Account number 50048407
Reference Your account number and your name
For CHAPS transfers from banks outside the UK
Sort code 40-02-50
Account number 61333372
Reference Your account number and your name

How do I take money out?

  • You can't close or make withdrawals from your account before maturity.
  • After your account has matured, you don’t have to give any notice to withdraw your money - the minimum you can withdraw is £1 (or less if closing).
  • We will write to you with all of the options available for your account on maturity, you can choose to re-invest some or all, withdraw or transfer your money.

Will I incur any charges with this account?

There are charges for some standard services that we make available to you. These are detailed below:

Service Charge
CHAPS Minimum withdrawal £250 £30 per transfer
Copy cheque £5 per cheque
Copy statement £10 per statement

We may also make a reasonable charge for any non-standard services which we make available to you on a discretionary basis. If you request such a service, we will tell you the amount of our charges before we act on your instructions.

When is the interest paid, and where is it paid to?

  • Fixed Rate Bonds pay a fixed rate of interest.
  • You can choose when and how to have your interest paid. Interest can be paid monthly to supplement your income or yearly as a lump sum – it’s entirely up to you.
  • Please see the summary box to find the date your annual or monthly interest payment will be made
  • If the balance in your account falls below £1 the minimum amount set, our basic savings rate of 0.10% Gross2 P.A applies.

Interest can be:

  • Added to your Fixed Rate E-Bond.
  • Transferred to any Virgin Money account (as long as you can add to the account).
  • Paid into an account with another bank or building society.

Power of Attorney

Please note: It is not possible for a Power of Attorney account to be operated online. To apply as a Power of Attorney please download an application form PDF opens in a new window (PDF, 129KB) , complete and return to the address provided on the form. Your account will then be opened and operated by post via our Main Office.