Skip to main content

Save to earn Flying Club miles

Apply Now
Please read the Summary Box


  • Money in, miles out: Tuck your savings away, and once you’ve held the account for a year, get your money back and your Flying Club miles.
  • Save yourself a seat: Earn 1,600 miles for every £1,000 you save. Save £15,000 and you could earn enough miles for a return Economy Classic Reward Flight to New York.*
  • How it works: You’ll earn a fixed interest rate of 1.36% Gross2/AER1, with the interest you earn being converted to miles after a year.
  • More for your money: To compare this account to a regular savings account, you’d need to earn 2.40% in interest if you were going to buy the same number of miles direct from Virgin Atlantic.

Is this account right for you?

Great if you...

  • Want to earn Flying Club miles.
  • Have a one-off amount to put away.
  • Are happy to leave your savings for a year.

Just remember...

  • You'll need your Flying Club membership number to apply.
  • You can't access your money for a year.
  • Your interest will be converted and paid in Flying Club miles.

How many miles will your savings get you?

Tell us how much you plan to save in your Flying Club savings account

If you save £1,000 you will earn...


Flying Club miles

Where could your miles take you?

Here's an idea of some of the things you can use your Flying Club miles on:

Flying Club miles

Pay less for your next great escape with a Miles Plus Money discount.

From 17,400
Flying Club miles

Arrive in style. Upgrade your round trip to New York from Economy Classic or Delight to Premium*.

From 20,000
Flying Club miles

Do it all in New York with an Economy Classic round trip Reward Flight*.

From 25,000
Flying Club miles

Escape to Asia with an Economy Classic round trip Reward Flight to Hong Kong*.

More ideas on how to use your miles Link opens in a new window

*Mileage varies depending on season and route. Taxes, fees and carrier-imposed surcharges apply.

Flying Club miles terms & conditions Link opens in a new window

Interest converted to Flying Club miles

By applying for this account you acknowledge that the interest earned will be converted to Flying Club miles at the end of the fixed term.

You'll need your Flying Club membership to apply. Not a Flying Club member yet?
It's free to join and you can start earning miles straightaway.

Forgotten your Flying Club membership number?
Retrieve your existing Flying Club number Link opens in a new window

Summary Box

Please read the following Summary Box before applying for this account

Account name: Virgin Atlantic 1 Year Flying Club Savings Account Issue 21

What is the interest rate?
Issue Annual interest Maturity date
% Gross2/AER1 Flying Club miles % Comparison rate 3
21 1.36 When taking into consideration the cost of purchasing Flying Club miles direct from Virgin Atlantic, the comparison rate is: 2.40 20 April 2021

Annual interest is paid on 5 August, all interest paid is converted to Flying Club miles at the account maturity date and is automatically transferred to the Virgin Atlantic Flying Club Account provided within five working days.

Rates are fixed until the maturity date. This means we cannot change the rate until after the fixed rate period.

What would the estimated balance be after 12 months based on a £1,000 deposit?
Issue Fixed term Projected balance at the end of the fixed term
Virgin Atlantic 1 Year Flying Club Savings Account Issue 21 1 Year £1,013.60 1,600 miles

This projection is provided for illustrative purposes only and does not take into account your individual circumstances. This is based on no withdrawals or further deposits being made and interest being converted to Flying Club miles. The projected balance is based on the annual interest rate. Only the projected Flying Club miles will be paid at the maturity date not the projected interest earned (there is no option to take interest instead of Flying Club miles).

  • This account can be opened online by UK residents aged 16 or over.
  • Only one account can be opened per customer per issue.
  • Each customer must have a valid Virgin Atlantic Flying Club membership number and provide it at application.
  • Only one Virgin Atlantic Flying Club membership number can be used. It is the customer's responsibility to provide the correct Flying Club number.
  • Minimum to open £1.
  • For your initial deposit you are able to pay money in with your debit card. Any money paid in will receive interest immediately.
  • Minimum additional deposit £1.
  • Minimum operating balance £1.
  • Maximum deposit limit £1 million. For all accounts the maximum deposit limit also applies to joint accounts.
  • This is a strictly limited issue and can be withdrawn at any time. Once withdrawn there is a very limited window to make any deposits and any deposits received after this time will be returned to you. We will not contact you to let you know when the Virgin Atlantic 1 Year Flying Club Savings Account is withdrawn.
  • Each customer can save up to a total of £2 million with Virgin Money, across all accounts held.
  • If a deposit results in your account going over the maximum deposit limit we will return the additional money to you.
  • Deposits and instructions can be made by:
    • Cash - Store** only.
    • Cheque.
    • Electronic transfer.
    • Transfer from an existing Virgin Money account, subject to the terms and conditions of that account.
  • This account is a Fixed Rate Bond. Early closure or withdrawals are not permitted until after the fixed rate period as detailed.
  • After the fixed rate period your account will become a variable rate account. However, we will email you before the end of the fixed rate period to let you know the options available to you. We will also advise you of the interest rate currently payable on the variable rate account.
  • There is no option to take interest instead of Flying Club miles.
  • IMPORTANT NOTICE: interest is converted to Flying Club miles at the maturity date. For tax purposes, Gross2 interest earned on 5 August and at the maturity date should be included in any tax return(s) and will count towards any personal savings allowance.
  • Please note, the tax treatment will depend on the individual circumstances of each customer and may change in the future.
  • This account is a non-payment account.
  • We pay interest without deducting income tax, unless HMRC/the law requires otherwise. However, depending on your personal circumstances, you may be liable to pay income tax on the interest you have earned before the conversion to Flying Club miles. Please visit Link opens in a new window  for further information. We do not issue Certificates of interest paid and tax deducted automatically. However, once you have requested and received a Certificate of interest paid and tax deducted we will provide further certificates in April each subsequent year that the account remains open and, for closed accounts, in the tax year the account is closed.
  • Each month that there is a transaction on your account (other than an interest payment), we may email you at least once to let you know a statement is available to view online. You can view your transactions online at any time.
  • Flying Club miles will not be viewable on your Virgin Atlantic Flying Club membership until after the maturity date.

If you have a complaint, please let us know as soon as possible so that we can look into it for you. You can write to the Customer Relations Team, Virgin Money, Gosforth, Newcastle upon Tyne NE3 4PL or email If we are not able to put things right to your satisfaction, you have the right to refer your complaint to the Financial Ombudsman Service for independent adjudication. If you would like a copy of our Internal Complaint Procedures leafletPDF opens in a new window (PDF, 164KB), this is available on request.

You are unable to cancel this account once it has been opened.

It is not possible for a Power of Attorney account to be operated online. To apply as a Power of Attorney please download an application form PDF opens in a new window (PDF, 129KB) , complete and return to the address provided on the form. Your account will then be opened and operated by post via Jubilee House, Gosforth, Newcastle Upon Tyne, NE3 4PL.

Print Summary Box

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

Apply now in just 10 minutes

The easiest way to open a Virgin Atlantic 1 Year Flying Club Savings Account is online (please make sure you have your Flying Club number to hand).

Before applying please make sure that you have read the Summary Box Link opens in a new window, Terms and Conditions Link opens in a new window and FSCS Guide Link opens in a new window. Retain copies for future reference.

New customers

Apply online

Existing customers

Sign in and apply

More reasons to choose Virgin Money

Virgin Money Lounges

Enjoy exclusive membership to our Virgin Money Lounges. Help yourself to free tea and coffee, use our Wi-Fi and iPads and take some time for yourself or relax with friends.

We've brought our Lounges to London, Edinburgh, Glasgow, Norwich, Sheffield and Cardiff, with more on the way.

Discover our lounges

Award-winning products

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.

Best Cash ISA Provider (Moneyfacts Awards 2018 & 2019)

Best Multi-Channel Savings Provider (Savings Champion Awards 2019)

Best Direct Savings Account Provider (Your Money Awards 2019)

We're here to answer your savings questions. Chat online with one of our experts - or if it's out of hours, our handy Questions and Answers page is the place to go.

View frequently asked questions

When you join the Virgin Money family, you get extra special deals across the wider Virgin Group. So you can save on everyday essentials, as well as bigger things - like days out, dream holidays and amazing adventures. Terms apply.

Discover our discounts

Help and Guides

Have savings got you stumped?

Learn about our range of savings accounts and how they may suit your individual needs.

Web Chat

Got a savings question? Ask an expert online now.