Regular Saver

Save little and often with a great fixed rate

Fixed rate of

2.25%

AER1 / Gross2 P.A.

Perfect to get you into the savings habit. Get a great fixed rate for a year and access to your money whenever you need it.

The highlights

  • Savings that offer you the chance to win prizes
  • Start saving today with only £1
  • Save up to the monthly limit, and withdraw your money anytime
  • UK Call Centres
  • Exclusive access to our Virgin Money Lounges
  • Access to a great range of Virgin Group discounts and offers

Regular Rewards

As a Virgin Money Regular Saver customer, you can earn entries into our quarterly prize draws. Save each month for more chances to win prizes from around the Virgin Group. Prizes up for grabs include:

  • A fantastic holiday from Virgin Holidays
  • Vouchers for Virgin Experiences Days
  • Cases of 12 Virgin Wines
  • Virgin inspired weekend breaks
  • And much more…

Please be aware that we will withdraw the Regular Rewards scheme from 30 June 2018. The final qualifying period will be 1 April – 30 June 2018 and the final draw will take place shortly following this time.

How does it work?

1. Open a Virgin Money Regular Saver

  • Follow the steps below to book a store appointment
  • Start from £1 up to £250 per calendar month
  • Earn a competitive fixed rate of 2.25% AER1 (2.25% Gross2 P.A.) on your savings

2. Save regularly for a goal or a rainy day

  • Why not set a goal and work out how much you need to save each month to get there?
  • Build up a pot to take care of those expected or unexpected expenses
  • Access your money whenever you need to, without restrictions

3. Earn Regular Rewards entries as you save

  • Each quarter, automatically gain 10 entries into the prize draw for having your account open. You can also gain extra entries for making regular deposits (10 entries for each month you make a deposit)
  • Your entries go in the hat for our quarterly Regular Rewards draw
  • Prizes from around the Virgin Group, including Virgin Holidays, Virgin Experience Days, Virgin Wines and more
Regular Rewards Terms & Conditions. PDF opens in a new window 

When your fixed rate ends, we'll make sure you have some great options to carry on saving with us, including our Loyalty Reward account

Apply now

Account name: Regular Saver Issue 10

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 

Apply now in minutes

Things you may need to hand
  • Your bank or building society number.

To apply for a store account

Request an appointment and chat with us face to face at your local Store.

We'll give you straightforward, friendly help with our savings products.

Frequently asked questions

What Regular Rewards will I receive?

As a Virgin Money Regular Saver customer, you can earn entries into our quarterly prize draws. Save each month for more chances to win prizes from around the Virgin Group. Prizes up for grabs include:

  • A fantastic Virgin holiday
  • A prize courtesy of our friends at Virgin Media
  • Cases of 12 Virgin Wines
  • Virgin inspired weekend breaks
  • And much more…

Download the free Virgin Red app
It gives you the opportunity to take part in competitions, and access to exclusives from Virgin and friends – from 20% off Virgin Trains to free coffee at Caffe Nero and much more... Available on iOS/Android.

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

  • This account pays a fixed rate of interest.
  • Your interest will be paid annually and you can choose where you would like this to be paid.
  • Annual interest is paid on the 31 October 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 (except Cash ISAs or, if your existing terms and conditions do not allow).
  • Paid into an account with another bank or building society.

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:

Table to show charges for standard services that we make available to you
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.

How do I pay money into this account?

You can add a maximum of £250 per calendar month to this account, with a maximum deposit limit of £3250 per year, 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 either by sending a transaction slip(PDF, 116KB) to our Main Office or by visiting your local Store** with ID and passbook if applicable (as long as you can withdraw from the account).
  • Sending a cheque with 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.
For FPS, BACS and Standing Order transfers
Sort code 08-61-15
Account number 00000515
Reference 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?

  • You can have no notice access to your money.
  • There are no limits on the amount of withdrawals.
  • The minimum amount you can withdraw is £1 (or less if closing).

You can take money out by:

  • Electronic transfer – If possible, we will make your payment by FPS meaning that we will debit your account the same day or any future date for which you authorised the payment. 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 nominated bank or building society account the same day. Withdrawal instructions received after 4pm will not be processed until the next business day and the money should be credited to your nominated bank or building society account on that day. A charge will be made for this type of transfer, please refer to Condition 11 within your Savings Terms and Conditions for details. The minimum you can withdraw by CHAPS is £250 up to the account balance. CHAPS transfers can only be processed at our Main Office.
  • Cheque – You can take out up to £500,000 by cheque in a day from any Virgin Money Store**. Larger amounts by cheque can be posted to you direct from our Main Office.
  • Transfer to another Virgin Money account (subject to the terms and conditions of that account).
  • Cash – You can take out up to £2,000 in cash in a day from any Virgin Money Store**.

You will be required to provide suitable personal identification when making withdrawals at a Store** and you must remember to present your passbook each time you make a withdrawal.