Virgin Money savings rates — compare every account, plus switch offers and guides

Who they are

Virgin Money was founded by Richard Branson in March 1995, originally as Virgin Direct, and initially made its name as a straightforward personal finance brand. It grew substantially in 2012 with the purchase of the so-called "good bank" portion of the nationalised Northern Rock. In 2018, CYBG plc acquired Virgin Money Holdings to create the modern Virgin Money group.

There is one important thing to be aware of if you are thinking of saving here now. Following court approval in early 2026, Virgin Money's business transferred to Nationwide on 2 April 2026, meaning a maximum of £120,000 of your combined eligible deposits with Virgin Money and Nationwide are protected under the FSCS. In plain terms, if you already save with Nationwide, your Virgin Money deposits do not get a separate £120,000 allowance - they share the same pot. Worth checking before you open an account.

Savings accounts

Virgin Money offers a handful of accounts covering most savers' needs, from instant access through to fixed terms and ISAs.

On the easy access side, the Double Take E-Saver pays 4.16% variable, but the name is a bit of a hint - you are limited to two withdrawals per calendar year. Go over that and you lose access for the rest of the year. The M Plus Saver sits at 1.75% and is genuinely flexible, but the rate is much lower, so it is really only useful as a short-term parking spot.

For ISA savers, there are three options. The Double Take E-ISA mirrors the E-Saver in structure - a 4.15% rate with the same two-withdrawal-per-year restriction. The M Access ISA pays 3.25% with genuine easy access. At the top of the range, the 1 Year Fixed Rate Cash E-ISA locks your money away until maturity but pays 4.41%, which is the most competitive rate on offer here. There is also a 1 Year Fixed Rate E-Bond at 4.00% for those who prefer a non-ISA fixed option. All accounts can be opened from as little as £1.

All savings products shown on this page carry the £120,000 FSCS limit described above - shared across Virgin Money and Nationwide combined.

Is it right for you?

Virgin Money works well for savers who want a recognisable name, a low minimum deposit, and a decent fixed ISA rate. The 1 Year Fixed Cash E-ISA is the standout product in the current range.

The restrictions on the Double Take accounts are the main thing to weigh up. If there is any chance you will need to dip into your savings more than twice in a year, they are not really easy access accounts in the way most people would expect. And if you already bank or save with Nationwide, check your total balance across both brands against the £120,000 FSCS limit before adding more.

There are no switch offers in the range right now, so the decision comes down purely to rate and fit.

Rates are variable and change regularly - use the live figures shown on this page to make sure you are comparing the most up-to-date numbers.