Is this account right for you?
Great if you
- Are 16 years of age or above and are looking for a flexible savings account that offers freedom to pay money in and take it out at your convenience, whenever you want.
- Want to bank hassle-free on the app, online or over the phone.
- You will not receive a debit card or cheque book with this account. You can still make payments using our app or online. You won’t be able to withdraw your cash from the Post Office.
- This account will not allow you to get an overdraft or to borrow money.
Please read the following Summary box before applying for this account
Account name: Everyday Saver
|Balance||Gross1 (%)||AER1 (%)|
|£1 and over||0.25||0.25|
We work out how much interest to pay you at the end of each day. This is based on the money in your account. We’ll add any interest on the last working day in March, June, September and December.
Yes, if we decrease your rate we’ll provide at least two months’ notice as described in your terms. We may increase your rate without giving you notice.
|Initial deposit at account opening||Balance after 12 months|
This is only an example and does not 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 interest rates and tiers.
You can open this account online at virginmoney.com or in Store. You can manage the account by using the Virgin Money Mobile Banking app, internet/telephone banking or in Store.
There is no maximum balance restriction or need to pay in on a regular basis.
You may withdraw funds by using internet/telephone banking, the Virgin Money Mobile Banking app or in Store. No notice is required.
Interest will be paid gross.
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
Before you apply
Before applying please make sure that you have read the following. Retain copies for future reference.
If you're 18 years of age or above, you can apply for this account online. If you're 16 or 17 years old, you can open it in some of our stores - please phone us and we'll tell you which ones.
Before you apply, take a look at as many accounts as you can, to make sure you end up with the one that's right for you. This isn't the only savings account we offer. To help you decide, see how it stacks up against others. Whichever you apply for, please have ID such as your passport or driving licence to hand.
Once we've approved your application, you have 14 days to cancel if you wish.
Have savings got you stumped?
View the most frequently asked questions about our Everyday Saver account.Everyday Saver account FAQs
We don't like to brag but it's good for you to know that other people have given us a thumbs up too. You don't just have to take our word for it. Here are a few awards we've won.
High Street Savings Provider of the Year (Moneyfacts Consumer Awards 2018 & 2019)
Best Cash ISA Provider (Moneyfacts Awards 2018 & 2019)
Best Multi-Channel Savings Provider (Savings Champion Awards 2019)