Eligible current accounts
Close Modal- A Virgin Money current account that you opened on or after 4 December 2019.
- A current account that was originally opened with Clydesdale Bank or Yorkshire Bank such as a Signature Current Account.
How it works
Hit your savings goal with our brand new regular savings account. Open it as a personal or joint account.
- Pay in up to the maximum of £250 every calendar month and earn interest on this for 12 months.
- Want to save more than £250 a month? We'll accept the money, but you will not earn interest on any amount that exceeds the cumulative maximum monthly limit. See an example of how this works.
- There's no minimum monthly amount to pay in, and you do not have to pay in every month.
- Manage this account in our app, online, in Store or over the phone.
This account is great if you
- have cash left over each month that you want to save
- have a short-term savings goal
- want access to your cash if you need it, without a charge or the interest rate changing
The finer details
- The maximum balance you can earn interest on increases each month by £250. If you do not manage to save your full £250 in any month, you can pay more in the next or future months.
- Any interest we pay you will not be counted towards the monthly £250 limit.
- The maximum balance you can earn interest on at the end of the 12-month fixed term is £3,000 (not including interest).
Important stuff to know
Please read the following info before you apply
Summary box
Account name: Regular Saver Exclusive
| Gross rate2 (%) | AER1 (%) | Maturity date |
|---|---|---|
| 10.00 | 10.38 | 31 July 2025 |
- You can pay in up to the maximum of £250 every calendar month and earn interest on this. If you save more than the maximum £250 limit each calendar month, we will accept the money, but you will not earn interest on any amount that exceeds the cumulative maximum monthly limit. Please read below for more info on how interest is paid and added to your account.
- 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.
No. The interest rate is fixed from the day you open your Regular Saver Exclusive until the Maturity Date. This means we can’t change the rate until after the fixed rate period.
| Maturity date | Projected balance at the end of the 12 month fixed period | |
|---|---|---|
| Regular Saver Exclusive | 31 July 2025 | £3,162.40 |
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 being paid on 1st of the month, over 12 months, with no withdrawals being made and interest being added to the account quarterly.
- You can open this account online at virginmoney.com or in Store.
- Those aged 16 or 17 can only open in Store.
- You must be a UK resident aged 16 or over.
- You need to have a current account with Virgin Money which was opened on or after 4 December 2019. Or, you originally opened your current account with Clydesdale Bank or Yorkshire Bank such as a Signature Current Account.
- You can pay into your account as often as you like, and the amounts can vary.
- There is no minimum monthly limit to pay in and you don’t have to pay into the account each calendar month.
- Paying into your account can be made by:
- Bank Transfer
- Cash (at most of our Stores**)
- Cheque
- You can pay in up to the maximum of £250 every calendar month and earn interest on this.
- As the maximum balance you can earn interest on increases each month by £250, if you don’t manage to save your full £250 in any month, you can pay more in the next or future months.
- The maximum balance you can earn interest on at the end of the 12 month fixed term is £3,000.
- Interest payments added directly to your account will not be counted towards the monthly £250 limit.
For example:
| You save | We pay | Cumulative monthly deposit limit* |
|---|---|---|
| 1st month you save £250 | Account balance is £250. You will earn interest on this full amount. | £250 |
| 2nd month you save a further £200 | Account balance is £450. You will earn interest on this full amount. | £500 |
| 3rd month you save a further £300 | Account balance is £750. You have saved up to the maximum cumulative monthly limit and will earn interest on this full amount. | £750 |
| 4th month you save a further £300 | Account balance is £1,050. You have exceeded the maximum cumulative monthly limit by £50, and will only earn interest on the additional £250 saved this month. | £1,000 |
| *This does not include any interest we’ve directly added to your account. | ||
- If you save more than the maximum £250 limit each calendar month, we will accept the money, but you will not earn interest on any amount that exceeds the cumulative maximum monthly limit. This does not include any interest that will be added direct to your account.
- You can manage this account by:
- Using internet and mobile banking (as long as you’ve registered for these)
- Calling us (as long as you’re registered for telephone banking)
- In Store**.
Yes. You can take money out at any time.
- This is a 12 month fixed term.
- Once the fixed term ends your account will become a variable rate Everyday Saver account (or other easy access account we’ve available). We’ll write to you before the end of the fixed term 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.
- You can only have one Regular Saver Exclusive at any time, this includes joint accounts.
- Interest will be paid gross2.
Savings with Virgin Money are covered up to £85,000.
Before you apply
If you apply for an account, you'll need to download and read these documents:
Get started
Do you already have a current account with us?
This must be a current account that you opened on or after 4 December 2019. Or, you originally opened your current account with Clydesdale Bank or Yorkshire Bank such as a Signature Current Account.
You're ready to apply
Sign in to online banking to apply, or visit us in store
You're ready to apply
Sign in to online banking to apply, or visit us in store
To get this savings account, you need to have one of our current accounts.
When you've got one, come back and apply for the savings account.
Explore current accounts