Easy Access Cash ISA

A flexible ISA with access to your money

Variable rate of

1.01%

AER1 / Tax-free3 P.A.

Add and withdraw whenever you choose, start saving today with only £1.

Already used up your ISA allowance? Why not open an Easy Access Saver?

The highlights

  • You don’t pay any tax on the interest earned
  • Bring all of your ISAs together with our simple ISA transfer service
  • UK Call Centres
  • Exclusive access to our Virgin Money Lounges
  • Access to a great range of Virgin Group discounts and offers
  • Best overall Cash ISA provider 2018
Apply now

Account name: Easy Access Cash ISA Issue 24

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.
  • Your National Insurance number.

This is a store or post account.

Select which account opening method you’d prefer below.

To apply for a postal account

Send your completed application form to:

Virgin Money plc
E-Savings
NEA 3780
Newcastle upon Tyne
NE3 4ZE

Please make sure you enter the tax year you wish to subscribe to in the box at the top of the application form. Please use 'Print and post' for a Power of Attorney account.

0345 850 2336

Mon - Fri 8am - 8pm
Sat 8am - 4pm
Sun 10am - 3pm

Call us to open your account and we'll provide you with your account number so you can deposit straight away.

Calls to 03 numbers are the same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way.

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

How much can you save each year?

  • You can add new money up to the current ISA subscription limit of £20,000 this tax year and you can also transfer in any ISAs that you have with other providers. You can transfer any previous year's ISAs but remember if you include current year subscriptions, these will count towards the £20,000 ISA limit.
  • You can't save more than £20,000 in this tax year, even if you withdraw some. For example, if you save £20,000 then take out £1,000, you can't make another deposit until the next tax year.

How do I pay money into this account?

You can add new money to your Virgin Easy Access Cash ISA with any amount between £1 and £20,000 by:

  • Transferring money electronically to us by BACS, CHAPS, FPS or Standing Order once you know your account number.
  • 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.
  • Visiting your local Store** to make a cash or cheque deposit.
  • Transferring money from another account either by sending a transaction slip(PDF, 116KB) to out Main Office or by visiting your local Store** with ID and passbook if applicable (as long as you can withdraw from the account).

If invalid contributions are made, an ISA may become void and we may need to transfer the money to a non ISA account which may not pay the same interest rate as this Cash ISA.

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

If you don't make any deposits into a Cash ISA for a full tax-year (known as a break in subscriptions), we are required to get a new application form from you before the deposits can be accepted.

How do I take money out?

On your written instructions and within a time stipulated by you, all or part of your Cash ISA funds and any earned interest can be transferred or paid to you (please refer to the Savings Terms and Conditions for further information).

Any funds withdrawn from a Cash ISA will lose their tax-free status. To ensure you retain this tax-free status, ISA funds must be transferred to another ISA either with another provider or a Virgin Money Cash ISA.

Simply send your written instruction to Savings Operations, Virgin Money, Jubilee House, NE3 4PL or you can take money out in the following ways:

To make a withdrawal by Faster Payment or CHAPS please provide us with the following details:

CHAPS and Faster Payments cannot be cancelled unless you have requested a future dated payment at a Store or by post, and the cancellation must be done at least one business day before the payment is due. Visit a Store, contact us by telephone or send written instructions to us to let us know.

  • cash – Virgin Money Store** only;
  • cheque – simply complete a transaction slip and a cheque will be sent promptly to your correspondence address;
  • electronic transfer – if possible, we will send your payment by FPS, meaning that we will debit your account the same day or on 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; or
  • 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.
    • Virgin Money account number
    • Amount to transfer
    • Name of bank or building society where funds are to be transferred
    • Valid sort code
    • Account number
    • Reference number (where applicable)
    • For a CHAPS, provide authority to debit the CHAPS transfer charge.
  • transfer to another Virgin Money account, subject to the terms and conditions of that account.

In all cases the correct number of account holders must provide their signature as authority for your account to be debited.

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.
  • Annual interest is paid on 30 November and monthly interest on the last day of each month. If these days aren’t business days, we will pay them the next business day. Any additional interest earned after the last payment date will be added to the capital balance and paid upon closure of the account.
  • If the balance in your account falls below £1, the minimum amount set, our basic savings rate of 0.10% tax-free3 P.A applies.

Interest can be;

  • Added to your Easy Access ISA.
  • Transferred into any of our accounts (as long as you can add to the account).
  • into an account with another bank or building society.

What happens if you change your mind?

If you aren't happy with your choice of account within 14 days of depositing your ISA subscription, we'll help you close your account and you'll not lose your right to invest in another Cash ISA or Stocks and Shares ISA for that tax year.

If you wish to take advantage of this 14-day rule, you must send your cancellation in writing to:

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

When you close your account, we will make sure that our reports to HM Revenue & Customs reflect this. If you do cancel your account, the full amount of your investment together with any interest earned, will be returned to you.