Inspiring stories

Virgin Money launches new colleague training programme to support customers' financial and mental wellbeing

Virgin Money has launched a bespoke training programme for all its 4,000 customer-facing colleagues to equip them with the skills to support and talk to customers about their money worries and mental health.

Research reveals top triggers that push entrepreneurs to take the leap and start their own business

Virgin Money finds that a desire for more control over work-life balance, wanting a more flexible schedule and capitalising on identifying a gap in the market for a product are some of the top triggers for starting a business.

Virgin Money rewards new M Power customers with a £25 bonus

Virgin Money has launched an exciting offer for new customers of its M Power account, its free child bank account for 11–17-year-olds.

Dominus secures development funding package from Virgin Money

Dominus has secured a funding package from Virgin Money to support the development and subsequent trading of a new 237-bed upper upscale Curio Collection by Hilton hotel. This new hotel will be located at 5-10 Great Tower Street, City of London, a former NatWest office.

Ferguson Whisky Secures £450,000 Funding Package from Virgin Money

Kids ‘in toon’ with their inner entrepreneur show off business skills in Grainger Market takeover

Business savvy pupils from four schools in the North East got the chance to show off their new entrepreneurial and budgeting skills while raising money for their schools during a recent visit to the Christmas Grainger Market in Newcastle, having participated in Virgin Money’s Make £5 Grow programme.

Festive spending soars: £2.2 billion extra to be spent on Christmas celebrations

New research with 2,000 adults* delves into spending habits over the festive period compared to previous years, with more than £2.2 billion extra expected to be spent this Christmas on fancy party food, decorations, and trivia games across the nation.

Customers prioritise feeling and looking their best this Christmas as fashion and wellbeing dominate autumn spend

New spend data from Virgin Money reveals that customers are prioritising fashion and wellbeing this autumn, as Brits gear up for the festive party season.

Research shows how different generations are impacted by popular scams

New research with 2,000 adults reveals Gen Z are most likely to be caught out by telephone scams, Boomers are most likely to fall for phishing emails and texts, and under 27s are most likely to be caught out by online shopping scams.

Virgin Money supports investment fund’s major new solar park in Norfolk

Virgin Money is doubling its support for a leading renewable energy investment fund, moving another step closer to its environmental lending goal

Nine in ten businesses think sustainability will impact their future operations, but many don’t yet have targets to aim for

Virgin Money launch new Mobiliser Fund to help support the transition

Young people face growing financial anxiety amid rising costs and social media pressure

Young people face growing financial anxiety amid rising costs and social media pressure

Virgin Money re-enters home insurance market with innovative new product for homeowners and landlords

Virgin Money is expanding its insurance proposition by launching new home and landlord insurance products in partnership with leading insurtech firm, Uinsure. Uinsure’s innovative technology will allow Virgin Money customers to get a 5 Star Defaqto rated insurance quote by simply answering a short set of questions; including their name, date of birth and postcode in as little as 30 seconds, in a market-leading quote journey.

New research explores how different generations approach saving and investing

Baby Boomers save the most money but Gen Z reckon they know how to make their money work hardest for them, according to Virgin Money’s latest research, in support of its ‘investing made extra’ campaign.

Virgin Money UK PLC: Third Quarter 2024 Trading Update

Following a strong H1, the Group has delivered continued strategic progress during Q3 and financial performance in-line with the updated guidance given alongside H1

Virgin Money collaborates with Hive to introduce innovative mortgage product supporting customers to be more energy efficient

Virgin Money collaborates with Hive to introduce innovative mortgage product supporting customers to be more energy efficient

Great Interest for Investors

Customers investing in a Virgin Money Stocks and Shares ISA can access a market-leading Fixed Rate E-Bond Exclusive paying 6.65% on cash savings

Virgin Money’s AI-powered virtual assistant, Redi, now available for current account customers

Virgin Money’s AI-powered virtual assistant, Redi, is being expanded to more customers, having already supported over one million conversations since its launch in March 2023.

Pocket money inflation: Virgin Money research finds average weekly allowance for 8-16 year olds reaches £9.33 as new bank account for Generation Alpha opens

Virgin Money launches M Power, a brand-new youth account for 11 to 17 year olds to support financial independence.

Experian announces strategic partnership with Virgin Money to streamline and personalise digital customer experience

Experian announces strategic partnership with Virgin Money.

Virgin Money rewards new pension customers with up to 125,000 Virgin Points

Virgin Money rewards new pension customers with up to 125,000 Virgin Points

New customer data shows holiday spend take off during spring

A damp and dull start to 2024 has impacted consumer spending habits, according to the latest Virgin Money current account lifestyle spending data.

Virgin Money UK PLC: Interim Financial Report 2024

Half Year Results 2024

56% of Brits reveal they feel comfortable talking to friends about money – and why we’re more candid now than five years ago

New research commissioned by Virgin Money reveals changing attitudes to money and less taboo around discussing the subject with friends and family compared to five years ago.

H1 2024 Trading Update

The Group has delivered continued business momentum during H1, supported by ongoing strategic execution, with trading in Q2 broadly as anticipated.

Virgin Money launches new current account switching offer with a 10% bonus interest rate

From today, Virgin Money’s new current account offer gives switchers to all three current accounts – the Virgin Money M Account, M Plus Account and Club M Account – a bonus interest rate of 10% gross/10.47% AER (fixed) on current account balances up to £1,000 for a whole year from 1st July 2024 to 30th June 2025.

Virgin Money supports the UK’s transition to renewable energy with £26m funding for new Herefordshire solar farm

Virgin Money is providing £26m of long-term funding for the development, construction and operation of a major new 45MW solar park in Herefordshire.

Recommended cash acquisition of Virgin Money UK PLC

Rule 2.7 announcement on the recommended cash acquisition of Virgin Money UK PLC by Nationwide Building Society.

New research from Virgin Money reveals four in ten Brits believe that investing is only for ‘wealthy people’

A digital artist has used AI to create images of what Brits think a stereotypical ‘investor’ would look like – including wearing a crisp, well fitted suit and a Rolex watch. It follows research of 2,000 adults which found four in 10 believe investing is only for ‘wealthy people'

Wet winter prompts Virgin Money customers to prioritise nights in and holiday bookings

A wet and mild winter heavily influenced consumer spending habits according to the latest Virgin Money current account lifestyle spending data.

Potential cash acquisition of Virgin Money UK PLC

Joint statement regarding a potential cash acquisition of Virgin Money UK PLC by Nationwide Building Society.

Virgin Money launches innovative mortgage product with Own New to make new-build purchases more accessible and affordable

Virgin Money will offer reduced mortgage rates for new-build customers, teaming up with Own New as a launch partner for its innovative ‘Rate Reducer’ product, available from Monday 26 February.

Virgin Money agrees to buy out abrdn and take full ownership of investments joint venture to accelerate future growth

Virgin Money is to purchase abrdn’s 50 per cent stake in their joint venture, Virgin Money Investments, following the successful launches of its new investment and pension services for customers.

How to create an A-List wedding without blowing the budget

Valentine’s Day is approaching, and love is well and truly in the air, especially for recently engaged couples such as Channing Tatum and Zoe Kravitz and Ed Westwick and Amy Jackson. Not every newly-engaged couple will have a celebrity budget available, so Katy Simpson, personal finance expert at Virgin Money, and Chloe, founder of Chloe’s Deal Club, are sharing their top tips on how to create a magical yet budget-friendly wedding.

Double Virgin Points for new Virgin Atlantic Reward+ Credit Card customers

Virgin Red and Virgin Atlantic Flying Club members can now earn double Virgin Points with the Virgin Atlantic Reward+ Credit Card when they apply for the card between 5 February and 4 March 2024.

Virgin Money UK PLC First Quarter 2024 Trading Update

Virgin Money introduces new self-certification scheme to help businesses highlight their commitment to sustainability

Virgin Money has introduced a new self-certification scheme to its Sustainable Business Coach, designed to help businesses better demonstrate their commitments to sustainability and get on the path to achieving their environmental and social goals.

Virgin Money launches first five-year fixed rate mortgage with flexibility to switch after two years

Virgin Money launches a brand-new innovative mortgage product – Fix and Switch – offering customers the security and certainty of an interest rate fixed for five years, but with the flexibility of being able to switch to another product with no early repayment charge after just two years.

Virgin Money chooses Mind and SAMH as new charity partners to improve support for people experiencing financial worry

Virgin Money has chosen mental health charities Mind and SAMH (Scottish Action for Mental Health) as new corporate charity partners.

Virgin Money and Good Things Foundation team up to support millions of households facing digital exclusion across the UK

Virgin Money and the UK’s leading digital inclusion charity, Good Things Foundation, have teamed up to help millions of people facing digital exclusion across the nation

Virgin Money helps IoT leader with multi-million pound growth funding package

Eseye, a leading provider of technology services for the global Internet of Things (IoT) market, has finalised a £10 million growth funding package with Virgin Money that will help the business spearhead its continued plans for growth in 2024 and beyond.

Double Virgin Points for new Virgin Atlantic Reward+ Credit Card customers

Virgin Red and Virgin Atlantic Flying Club members can now earn double Virgin Points with the Virgin Atlantic Reward+ Credit Card when they apply for the card between 5 February and 4 March 2024.

New data reveals spending on style and wellbeing takes priority in the lead up to Christmas

New customer spend data from Virgin Money shows that Brits were choosing to prioritise spending on style and wellbeing this autumn, in the spirit of treating themselves and loved ones ahead of the festive season.

Virgin Money UK PLC Full Year Results 2023

Virgin Money introduces new search tool to help people access free financial support grants

Virgin Money introduces new search tool to help people access free financial support grants.

Virgin Money launches new pension for a brighter retirement

Virgin Money has launched a new pension, which includes two straightforward choices – Navigator and Self Drive – that help customers take control of their future and grow their money for a brighter retirement.

Independent Scottish organic whisky distillery Nc’nean secures new funding package

Nc’nean Distillery Limited has secured a Virgin Money funding package with the backing of UK Government department UK Export Finance (UKEF) to help the independent distillery grow in North American markets.

New funding package supports Yorkshire business in developing sustainable solutions for global infrastructure and energy markets

Rosehill Polymers Group has finalised a multi-million-pound deal with Virgin Money and UK Export Finance

Brits reveal they feel in control of their money and are prioritising saving over spending

New research from Virgin Money reveals how Brits are really feeling about their savings in the current climate, as well as their general attitude towards their finances.

Investing in Natural Capital

Virgin Money support the world's first carbon negative tree nursery in Kirkcaldy

Virgin Money summer spend trends

Brits continue to prioritise eating out and holidays alongside saving for the future.

Rising costs threaten UK food production

The latest annual survey carried out by Virgin Money highlights growing concern in the UK Agri industry over input costs, which may cut production as a result.

Financial independence: Study finds 60% of parents do not worry about their child managing money at university

Personal finance expert, Katy Simpson, explains how you can teach your kids financial independence at university.

Virgin Money’s commitment to supporting customers

At Virgin Money we have a clear purpose of Making You Happier About Money. We have 6.5m personal, business and mortgage customers who are impacted by the rising interest rate and inflation environment.

Here’s what we’re doing to help…

Virgin Money changes mortgage rates following August Bank of England rate increase

Virgin Money has confirmed changes to its mortgage variable revert rates, following the announcement of an increase in the Bank of England base rate of 0.25% on 3 August.

Virgin Money increases interest rate on Easy Access Cash ISA Exclusive and launches new 1 Year Fixed Rate Cash ISA Exclusive

Virgin Money has increased the interest rate on one of its popular savings accounts, the Easy Access Cash ISA Exclusive, and launched a new 1 Year Fixed Rate Cash ISA Exclusive.

New research reveals Brits are changing their spending habits to earn points to treat themselves

Boost your points with the Virgin Atlantic Credit Card to spend across hundreds of rewards

Virgin Money UK PLC: Third Quarter 2023 Trading Update

Virgin Money UK PLC: Third Quarter 2023 Trading Update

Virgin Money appoints Allegra Patrizi Managing Director Business and Commercial

1 August 2023

Personal finance expert shares how you can still have a summer of fun during the cost-of-living crisis

Personal finance expert shares how you can still have a summer of fun during the cost-of-living crisis

Virgin Money increases interest rates on popular savings accounts for the second consecutive month

Virgin Money is helping savers make the most of their money by raising the interest rate on some of its popular savings accounts for the second month in a row – the current account linked saver and the Easy Access Cash ISA Exclusive.

Virgin Money announces changes to store network

Virgin Money has announced plans to close 39 stores as it adapts to changing customer demand.

Virgin Money raises interest rates on three fixed-rate savings products

Virgin Money is helping savers make the most of their money by increasing the interest rate on three of its fixed-term savings products for the third time in three weeks

New data shows spending on experiences soared during spring

New customer spend data from Virgin Money shows customers have been making the most of the longer days, with a considerable increase in spending on eating out and holidays between March and May 2023, compared to the previous year.

Virgin Money funds pioneering Ripple Energy wind farm

Virgin Money has completed a new £14m deal to support Ripple Energy in the development of a pioneering new 18.8MW wind farm in Ayrshire, Scotland

Virgin Money raises interest rates to offer three market-leading fixed-rate savings products

Virgin Money is helping savers make the most of their money by increasing the interest rate to a market-leading offer on three of its fixed-term savings products

People with cancer urged to access support as thousands are burdened with financial worry

People living with cancer are being urged to reach out for support, after new research shows hundreds of thousands are worried about the financial impact of a diagnosis but are not speaking to their bank or building society about their concerns or the support available to them.

Virgin Money changes mortgage rates following March and May base rate increases

Virgin Money has confirmed changes to its mortgage variable revert rates, following the announcement of an increase in the Bank of England base rate of 0.25% on 23 March and a further 0.25% on 11 May.

Virgin Money raises interest rates on popular savings products

Virgin Money is helping savers make the most of their money by raising the interest rate on some of its popular savings products – the linked savings accounts and the Easy Access Cash ISA Exclusive.