At a glance
|Features & Benefits||What happens next?|
|Guaranteed interest rates for the term of your deposit.||You should review the savings options available to you and decide which option suits you best.|
|Range of savings terms – from 3 months to 5 years.||… Choose to leave your savings where they are, re-investing the capital and interest into another Term Deposit for the same length of time at the rate of interest shown on the maturity letter.|
|Various interest options to allow you to select the option that suits you best.||…Re-invest your savings in a different Term Deposit – you can choose from a variety of terms and interest options and change your investment amount.|
|…You may wish to withdraw your funds and not re-invest in another Term Deposit account.|
- Step One
- Take a look at the various re-investment options available to you. You have the flexibility to change your investment amount, select a different interest option or term, or close your Term Deposit and request your funds to be repaid.
- Step Two
- Once you have made your decision about your maturing funds, complete the online form with the required details.
- Step Three
- We will action your request and send you confirmation.
Rates applicable for accounts maturing from 9 November 2023
Interest capitalised and paid at maturity – interest will be credited to the account on the maturity date.
The 18 months term is only available for accounts with sort codes starting with 05.
Interest capitalised annually and at maturity
The 18 months term is only available for accounts with sort codes starting with 82.
Annually capitalised interest – the interest is added to your Term Deposit account on the anniversary every year.
You can also choose to have your interest paid monthly, directly into another Virgin Money current account with a sort code starting with 82 or 05. This way, you can generate a regular income for up to five years.
You can also choose to have your interest paid annually, directly into another Virgin Money current account with a sort code starting with 82 or 05.
*Gross Rate interest is the interest payable without taking account of any tax payable. From 6th April 2016 we will no longer deduct tax from the interest earned on your savings, following the introduction of a Personal Savings Allowance. If you earn interest over your Personal Savings Allowance you will be required to pay any tax due yourself directly to HM Revenue and Customs. If you would like to read more about your Personal Savings Allowance, please visit the Government website.
+AER. Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.