Virgin Money expands ISA range | Product News - Moneyfacts

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Virgin Money expands ISA range

Virgin Money expands ISA range

Category: ISAs
Date: 01/09/2014

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Virgin Money has expanded its ISA range with the launch of two new products and the revamp of several others, two of which stand out as being Moneyfacts best buys.

The basics…

Virgin's fixed rate accounts are the most competitive, with its brand new Fixed Rate Cash E-ISA Issue 91 paying 2.80% yearly until 24.10.18. The three-year version (issue 90) has also been refreshed and pays 2.25% yearly to 24.10.17.

Both accounts come with monthly options paying slightly reduced rates for those that wish to supplement their income. A minimum investment of just £1 is required for each.

The finer details…

These internet-operated accounts allow transfers in from both cash and stocks & shares ISAs, and further additions are allowed for up to 30 days from account opening. Withdrawals and transfers out are also permitted, however this earlier access comes at a cost of 120 days' loss of interest for the three-year account and 180 days' loss for the five-year version.

Why we like them…

Virgin Money's review confirms its position as a leading provider of longer-term ISAs, with one product storming towards the top of the charts and another improving its best buy position.

Four Moneyfacts Stars have been awarded.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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