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 – its 1 Year Fixed Rate Cash E-ISA, 2 Year Fixed Rate Cash E-ISA and 3 Year Fixed Rate Cash E-ISA.
As of 2pm on Friday, 14th July, the interest rates rose as follows (all rates are AER/tax free):
- 1 Year Fixed Rate Cash E-ISA: increases to 5.45%
- 2 Year Fixed Rate Cash E-ISA: increases to 5.50%
- 3 Year Fixed Rate Cash E-ISA: increases to 5.55%
All three products offer highly competitive rates for customers keen to maximise the return on their savings. Customers can manage their Fixed Rate Cash E-ISAs online, and these products enable customers to know exactly how much interest they will earn on their savings.
Ruth Brougham, head of digital banking at Virgin Money, said “We’re committed to helping people make the most of their savings, and want to ensure our customers are benefitting from higher savings rates given the increases to the base rate. Raising the interest rates on these popular savings products again enables our customers to continue to boost their money in a way that works best for them."
Virgin Money ISAs can be used for transfers in as well as current year subscriptions, with no limit on previous years’ ISA transfers.