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Highlights

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We're covered by the Financial Services Compensation Scheme. Savings with Virgin Money are covered up to £85,000 per person.

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Account summary box

Please read this information before you transfer to this account

M Saver

Effective until 15 June 2025

BalanceGross rate (%)AER (%)
Balances up to and including £25,0002.48%2.50%
Balances over £25,0001.99%2.00%

Effective from 16 June 2025

BalanceGross rate (%)AER (%)
Balances up to and including £25,0002.23%2.25%
Balances over £25,0001.74%1.75%

Interest is calculated on a daily basis and paid on the last working day of each calendar quarter.

Yes, if we decrease your rate we’ll provide at least 2 months’ notice as described in your Terms. We may increase your rate without giving you notice

Effective until 15 June 2025

Initial deposit at account openingBalance after 12 months
£1,000£1,025.04
£25,000£25,624.64
£50,000£51,125.87

Effective from 16 June 2025

Initial deposit at account openingBalance after 12 months
£1,000£1,022.50
£25,000£25,561.18
£50,000£50,999.01

This is only an example and doesn't take into account your individual circumstances.

The example assumes that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to the interest rate.

You may only open an M Saver if you have an M Account with us in the same name(s). The M Saver will stay open as long as the M Account is maintained as described in the terms.

You can open the account in Branch or by calling us on 0800 121 7365. Our team are available 24/7. In certain situations, we may also let you open this account online.

There are no minimum or maximum balance restrictions. And there’s no need to pay in on a regular basis. The M Account is available to selected customers from the age of 16. Subject to status.

You may only withdraw funds by transfer to your M Account or any other account that we allow you to make a transfer into using online/telephone banking, the Virgin Money Mobile Banking app or in Branch.

Interest will be paid gross.

Before you start

To transfer to Virgin Money M Account, you'll need

  • Customer number prefixed with ‘M’ e.g. M1012345678.
  • A copy of your ID document[1].

You can find your customer number in your Maturity Pack.

Downloada list of acceptable ID documents for 16-17 year olds.

Ready to transfer?

Upload your ID.

Upload documents Link opens in a new window

Need help?

If you need assistance, or would like more information please give us a call on

0800 22 24 26

We're here from 8am to 6pm Monday to Friday and 9am to 1pm Saturdays.

NumberCost
03 numbersSame as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way.
084 numbersMaximum of 7p per minute, plus your phone company's access charge.
087 numbersMaximum of 13p per minute, plus your phone company's access charge.
0800 numbersFree from UK landlines and personal mobile phones.

Alternatively you can pop into your nearest Branch where our advisers will be happy to help.

Find your nearest Branch