Double Take E-Saver

Limit to a double take for a better rate

Variable rate of

1.26% AER1

1.26% Gross2 P.A.

Double Take E-Saver is perfect if you can limit the number of withdrawals you make over a calendar year. In return you'll receive a higher variable rate of interest than our other limited access products.

Once the second withdrawal has been made, no further withdrawals are permitted until the new calendar year. Need more than two withdrawals? Take a look at our Defined Access E-Saver which provides more flexible access by allowing up to three withdrawals.

The highlights

Limited issue

This is a limited issue, so don't miss out.

Saving from £1

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

Flexible deposits

Deposit money anytime you like.

Lounge Access

Exclusive access with free refreshments and wifi.

UK Call Centres

All of our call centres are based in the UK.

Virgin Group discounts

Virgin Group offers that could help you save money.

Account Name

Double Take E-Saver Issue 3

What is the interest rate?

Issue Annual interest
% Gross2
Annual interest
% AER1
Monthly interest
% Gross2
Monthly interest
% AER1
Issue 3 1.26 1.26 1.25 1.26

Annual interest is paid on 11 March and will be available the next working day. Monthly interest is paid on the 10th day of each month, and will be available the next working day.

Can Virgin Money change the interest rate?

Rates are variable. This means we may increase or decrease interest rates at any time. When we decrease interest rates we will give you at least 14 days’ notice before the rate reduces. You can close or transfer your account for 30 days from the date of the notice without being charged even if you have already made two withdrawals that calendar year.Please refer to section 10 within the Savings terms and conditions.

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

Issue Projected balance
Double Take E-Saver Issue 3 £1,012.60

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 £250,000. For all accounts the maximum deposit limit also applies to joint accounts.
  • 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.
  • Each customer can save up to a total of £2 million with Virgin Money, across all accounts held.
  • Deposits and instructions can be made by:
    • Cash – Store** only.
    • Cheque.
    • BACS/CHAPS.
    • Arranging an electronic transfer.
    • Transfer from an existing Virgin Money account, subject to the terms and conditions of that account.

Can I withdraw money?

  • Minimum withdrawal amount is £1 (or less if closing).
  • Two withdrawals can be made per calendar year. Once the second withdrawal has been made no further withdrawals can be made until the next calendar year. Closing your account counts as a withdrawal and so you will not be able to close your account if you have already made two withdrawals in a calendar year.
  • If you make two withdrawals per calendar year you will receive a notification that you can no longer access your funds until the next calendar year.
  • Simply log into your account and arrange to take money in the following ways:
    • Arranging an electronic transfer.
    • CHAPS.
    • Transfer to another Virgin Money account, subject to the terms and conditions of that 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

We hope we can resolve any issues you may have in the first instance, but 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 the details of your complaint to the Customer Relations Team, Virgin Money plc, Gosforth, Newcastle Upon Tyne, NE3 4PL or email customerrelations@virginmoney.comEmail opens in a new window

If we cannot resolve the complaint to your satisfaction you have the right to refer your complaint to the Financial Ombudsman Service, which provides independent adjudication of complaints. A copy of our Internal Complaint Procedures leafletPDF opens in a new window (PDF, 164KB) is available on request.

If you are not happy with your choice of account within 14 days of opening it, we will help you switch accounts.

If you wish to take advantage of this 14 day cancellation period please contact our Main Office at:

Savings Operations,
Virgin Money,
Jubilee House,
NE3 4PL

Or visit your local Virgin Money Store to cancel your account. If you do cancel your account the full amount of your investment, together with any interest earned in accordance with your account details will be returned to you.

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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?

You can add money to this account with any amount between £1 and £250,000 by:

  • Transferring money electronically to us by BACS, CHAPS, FPS or Standing Order.
  • Visiting your local Store** to make a cash or cheque deposit.
  • Transferring money from another Virgin Money account by requesting a transfer online 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 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 Customers Virgin Money Account Number and Name
BIC No.
NRNBGB22XXX
IBAN No.
GB07MIDL40025061333372

How do I take money out?

  • Two withdrawals can be made per calendar year. Once the second withdrawal has been made no further withdrawals can be made until the next calendar year. Closing your account counts as a withdrawal and so you will not be able to close your account if you have already made two withdrawals in a calendar year.
  • The minimum amount you can withdraw is £1 (or less if closing).

Simply log on to your account and arrange to transfer money to your nominated account or to another of our accounts (subject to the terms and conditions of that account).

You can take money out by:

  • Electronic transfer – If possible, we will make your payment by FPS and we will debit your account either on the same day, or any future date. The payment should reach your nominated account within a few hours but no later than the end of the next business day.
  • If you request a CHAPS withdrawal and we receive your authority and full instructions before 4pm on a business day, the money should be credited to your bank or building society account the same day. Please note, CHAPS is a chargeable service, please refer to charges for details.

On occasion we may need to verify your identity in order to carry out any instructions you may have given us. Keeping your contact details up to date will help avoid delay.

What happens after two withdrawals?

  • Only two withdrawals can be made from the account per calendar year.
  • Once the second withdrawal has been made no further withdrawals can be made until the next calendar year. Closing your account counts as a withdrawal and so you will not be able to close your account if you have already made two withdrawals in a calendar year.
  • If you make two withdrawals per calendar year you will receive a notification that you can no longer access your funds until the next calendar year.
  • At the beginning of the new calendar year, we will automatically reset the withdrawal count to zero.

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?

  • This account pays a variable 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.
  • Annual interest is paid on 11 March and available on the next business day. Monthly interest is paid on the 10th of each month and is available on the next business day.
  • If the balance in your account falls below £1, the minimum balance, our basic savings rate of 0.10% Gross2 P.A applies.

Interest can be;

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

What happens if I change my mind?

If you are not happy with your choice of account within 14 days of opening it, we will help you switch accounts.

If you wish to take advantage of this 14 day cancellation period please contact our Main Office at:

Savings Operations,
Virgin Money,
Jubilee House,
NE3 4PL

Or visit your local Virgin Money Store to cancel your account. If you do cancel your account the full amount of your investment, together with any interest earned in accordance with your account details will be returned to you.

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.