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 – its 1 Year Fixed Rate Cash E-ISA, 2 Year Fixed Rate Cash E-ISA and 3 Year Fixed Rate Cash E-ISA.
The three products, which are available now, offer interest rates of:
- 1 Year Fixed Rate Cash E-ISA: the interest rate increases from 4.75% AER (tax free) to 5.05% AER (tax free)
- 2 Year Fixed Rate Cash E-ISA: the interest rate increases from 4.91% AER (tax free) to 5.15% AER (tax free)
- 3 Year Fixed Rate Cash E-ISA: the interest rate increases from 5.00% AER (tax free) to 5.20% AER (tax free)
Customers can manage their Fixed Rate Cash E-ISA accounts online, and these products enable customers to know exactly how much interest they will earn on their savings.
These increases to Virgin Money’s Fixed Rate Cash E-ISAs follow the Bank of England’s latest base rate rise in June, and all three products offer a market-leading rate for customers keen to maximise the return on their savings.
Hugh Chater, Chief Commercial Officer at Virgin Money, said “As the increased cost-of-living continues to be challenging for many, we know how important it is to help customers make the most of their savings, and we hope that increasing the interest rate on these popular savings products will enable customers to boost their money in a way that works best for them, while taking advantage of the tax efficient ISA wrapper.”
Virgin Money ISAs can be used for transfers in as well as current year subscriptions, with no limit on previous years’ ISA transfers.
Notes to Editors
You can pay in up to £20,000 in the current tax year, and there's no limit on ISA transfers.
You can only subscribe to one Cash ISA in any tax year. If you want to transfer your current year's subscriptions, then the full amount must be transferred.