Cash ISAs available
In a Virgin Money cash ISA, as with all cash ISAs, you don't pay any tax on your interest.
The cash ISAs currently on offer from Virgin Money are:
- Virgin Easy Access Cash ISA - available for branch, postal or online access, this account can be opened from £1
- Virgin Fixed Rate Cash ISA - available for branch, postal or online access, this fixed rate ISA is offered over a range of timescales from 1 to 5 years
Other ISA Deals To Consider:
NEW PLAN: Up To 6.5% pa Potential Income
Or 3x any rise in the FTSE 100 Index, with no upper limit...
“With the best traditional savings rates offering around 2.7% per year, and significantly lower for Cash ISAs, the
potential for 6.5% from a plan with full capital protection makes for a compelling headline. The IDAD Deposit Plan has only just launched, and offers two potential returns. The first is if the deposit taker decides to 'call' (end early) the plan, which it can do at the end of each quarter after the first year. If it does, you will receive 1.625% for each quarter since the start of the plan, equivalent to 6.5% interest per year (not compounded).
However, If the deposit taker does not end the plan early and it runs the full six years, you will receive two times any rise in the FTSE 100 Index over the term of the plan, with no upper limit. For example, if the FTSE rises 10%, you will receive 20%, along with a full return of your initial capital. If the FTSE is lower at the end of the term, you will not receive any interest and only a return of your original capital.
With traditional savings rates failing to inspire, this plan offers the potential for significantly higher returns but without risking your capital.”
Oliver Roylance-Smith, head of savings and investment
This plan is also available as a Cash ISA and accepts ISA transfers. Application deadlines apply.
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History
Virgin Money began in 1995 as Virgin Direct, an offshoot of the worldwide Virgin brand. Since then the company has grown into the digital age, with the launch of the Virgin Money website in 2001, followed by a range of products such as loans and credit cards. The company expanded globally and now sponsors major charity and arts events such as the Edinburgh Festival fireworks and the London Marathon.
The company continues to grow, and with a wide range of cash ISAs to choose from, offers plenty of options for savers looking to maximise their tax-free allowance.
