Regular Saver

Save little and often with a great fixed rate

Fixed rate of

2.25% AER1

2.25% Gross2 P.A.

The Virgin Money Regular Saver is perfect to get you into the savings habit. Get a great fixed rate for a year and access to your money anytime. Plus regular savers get the chance to win Virgin rewards too.

The highlights


Savings that offer you the chance to win prizes.

Saving from £1

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


Deposit funds up to the monthly limit and withdraw your money anytime.

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.

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…

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

Account Name

Regular Saver Issue 8

What is the interest rate?

Issue Annual interest
% Gross2
Annual interest
% AER1
Maturity date
8 2.25 2.25 01 February 2019

Annual interest is paid on 31 October 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 13 months based on a £3,250 deposit?

Issue Fixed term Projected balance at the end of the fixed term
Regular Saver Issue 8 1 Year £3,292.66

This projection is provided for illustrative purposes only and does not take into account your individual circumstances. It is based on a maximum £250 monthly deposit over 13 months, with no withdrawals being made and interest being added to the account.

How do I open and manage my account?

  • This account can be opened in Store by UK residents aged 16 or over.
  • Only one account can be opened per customer per issue.
  • Minimum initial and additional deposit £1.
  • Maximum calendar monthly deposit limit £250
  • Minimum operating balance £1.
  • Maximum deposit limit £3,250 a year. For all accounts the maximum deposit limit also applies to joint accounts.
  • If a monthly deposit results in your account going over the maximum £250 per calendar month 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.
    • 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). If you withdraw money from your Regular Saver in a calendar month you cannot pay money back in to your account beyond the £250 per calendar month deposit limit.
  • You can have access to your money whenever you need it. To request a withdrawal simply send your written instructions to Savings Operations, Virgin Money, Jubilee House, Gosforth, Newcastle upon Tyne, NE3 4PL or you can take money out in the following ways:
    • Cash – Store** only.
    • Cheque – simply complete a Transaction Slip and a cheque will be sent promptly to your correspondence address.
    • Electronic transfer.
    • CHAPS.
    • Transfer to another Virgin Money account, subject to the terms and conditions of that account.
  • After the fixed rate period your account will become a variable rate account. However, we will write to 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 payment account.
  • The automatic deduction of tax on savings interest ceased with effect from 6 April 2016.
  • Interest payments will not be counted towards the maximum £250 monthly calendar deposit limit.
  • 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 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.
  • Virgin Money Store accounts will receive a Passbook. You must remember to present your passbook and suitable personal identification each time you make a withdrawal in a Store. Your passbook will be updated to show details of your transactions and the interest added to your account. We will also send you a paper statement each month there are any payments on your account (other than an interest payment) if regulations and guidance from our regulator require us to do so and unless otherwise agreed with you.
  • If eligible, you will automatically be entered into our Regular Rewards Prize Draw, which gives you the chance to win prizes from around the Virgin Group. Up to date terms and conditions (which include eligibility and all other information) can be viewed at for as long as the entry period remains open.

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,

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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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

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:

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

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.