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Virgin Money offers 2.52% rate of interest with ‘flexibility’ for savers | Personal Finance | Finance


At present, getting one of the best rate of interest will likely be a serious priority for savers hoping to grow their money. With the Bank of England raising its Base Rate several times, savers are set to learn because the rates trickle all the way down to high street providers.

That is true of Virgin Money, which is currently offering a 2.02 percent rate of interest on its M Plus current account.

This also comes linked with a savings account called the M Plus saver, offering 2.52 percent interest.

The two.02 percent rate is accessible on balances as much as £1,000, meaning it’s well suited to those saving a limited amount, or who are only getting began on a savings journey.

In turn, the M Plus Saver is currently offering 2.52 percent variable on balances as much as £25,000, which provides savers with more flexibility.

READ MORE: Excellent news for pensioners as 2023 set to be ‘higher’ than last yr

The provider touched further upon eligibility, explaining: “From February 18, 2022, you might be only capable of open one among these accounts in your personal name.

“Accounts opened in your personal name after this date that take you over this maximum number could have to be closed.”

With the flexibleness of saving in this manner, Virgin Money states people can feel comfortable their money is “working hard”.

In-credit interest on a current account and linked savings account can assist people regulate their money and watch it grow.

Moreover, savers also can set a selected goal, create a Savings Pot for it, and transfer money into it once they can.

Individuals can apply for this account using Virgin Money’s app, or by starting an application through the bank’s website.

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