Saving to Buy

Helping you to save for your next big purchase

Variable rate of

0.75%

AER1 / Gross2 P.A.

Apply online now in minutes and start saving straightaway.

If you're saving up for something special and have up to £30,000 to put away, then Saving to Buy offers a flexible solution.

Saving for your first home? Our Help to Buy: ISA offers tax-free interest plus a government bonus.

The highlights

  • Add and withdraw your money, whenever you need to
  • Start saving today with only £1
  • Limited issue, so don't miss out
  • UK Call Centres
  • Exclusive access to our Virgin Money Lounges
  • Access to a great range of Virgin Group discounts and offers
Apply now

Account name: Saving to Buy Issue 7

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 

Interest calculator

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

Visit the calculator 

Apply now in minutes

Things you may need to hand
  • Your bank or building society number.
  • The details of other applicants, if you are opening an account with other people.
Are you an existing online savings or mortgages customer?

Frequently asked questions

How do I pay money into this account?

You can add money to this account by:

  • Transferring money electronically to us by BACS, CHAPS, FPS or Standing Order.
  • Sending a cheque with a transaction slip PDF opens in a new window(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 Link opens in a new window** to make a cash or cheque deposit.
  • Transferring money from another Virgin Money account either by requesting a transfer online, sending a transaction slip PDF opens in a new window(PDF, 116KB) to our Main Office or visiting your local Store Link opens in a new window** 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?

  • 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).

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.

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.

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.