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Virgin Money has launched a new savings product, the 1 Year Fixed Rate Cash ISA Exclusive Link opens in a new window, offering a market-leading interest rate of 4.25% AER (tax free) to savers.

Available now, Virgin Money’s 1 Year Fixed Rate Cash ISA Exclusive is available to Virgin Money current account customers. This savings product enables customers to know exactly how much interest they will earn on their savings and has the benefit of a market-leading rate for customers looking to maximise the return on their savings.

For those who plan to save regularly or want more flexibility to access their savings, Virgin Money has another market-leading offer for current account customers with its Easy Access Cash ISA Exclusive Link opens in a new window, which has an interest rate of 3.00% AER (tax free) variable. This ISA allows customers to top up and take money out whenever they like, and customers are able to easily manage their ISA account online. Customers need to have or open a Virgin Money current account in order to apply for a Virgin Money Easy Access Cash ISA Exclusive.

Virgin Money ISAs can be used for transfers in as well as current year subscriptions, with no limit on previous years’ ISA transfers.

Adding to this, Virgin Money current accounts – the M Plus Account, Club M Account and M Account – all automatically come with a linked savings account, making it easy for customers to manage their money and transfer savings to and from their current account. This linked savings account currently offers a competitive rate of 2.52% AER for all new and existing customers on balances up to £25,000. For balances above £25,000 the rate is 2.02% AER. Rates are variable.

Hugh Chater, chief commercial officer at Virgin Money, said:“As the increased cost of living is being felt by more people across the UK, we’re both determined and proud to offer a range of market-leading savings products to Virgin Money customers so that they can make the most of their savings in these times.”

Further information about opening a Virgin Money M Plus Account, Club M Account or M Account can be found at: Current Accounts | Open a Bank Account online | Virgin Money UK Link opens in a new window. Customers also earn cashback on their everyday spending at participating retailers via Virgin Money Cashback. To learn more about Virgin Money cashback, visit: Virgin Money Cashback | Virgin Money UK Link opens in a new window