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Looking for a new account?

If you're looking for a fee-free basic bank account, our Essential Current Account could be perfect for you.

Essential Current Account
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  • Free cash withdrawals in pounds in the UK at almost all high street cash machines*.
  • Manage your account at Virgin Money Stores and any Post Office® too.
  • Earn 0.75% Gross1/AER2 (variable) interest on the balance in your account, up to a maximum balance of £100,000. Interest is paid monthly.
  • Fair and simple charges – we only charge for a handful of things.

Find out more about our Essential Current Account

Rates are effective from 19.09.16. The rate of interest is variable, so it could go up or down, is paid gross and monthly. Gross is the rate of interest earned before income tax is deducted. Automatic deduction of tax on interest stopped on 6 April 2016. However, you may be liable to pay income tax on the interest you have earned, depending on your personal circumstances. Please contact HMRC or your applicable tax authority outside of the UK for further information or visit opens in a new window  AER stands for Annual Equivalent Rate. It shows what the interest rate would be if interest was added each year to the account balance (including any interest already earned that year).

* Some cash machines may charge you for withdrawals. This will be shown on screen with an option to cancel the withdrawal.