Virgin Money has launched a new easy access account onto the market, securing it a prized place on the Moneyfacts charts thanks to its competitive rate and terms. This account is designed to complement the bank's new Help to Buy ISA, which pays a rate of 3.00% to eligible savers.
Saving to Buy pays a competitive variable rate of 1.30% yearly (1.29% monthly), which enables it to sit comfortably among the top 10 accounts of its sector.
This account must be opened and operated online with a minimum investment of just £1. Savers should note that a maximum of £30,000 can be invested and access is via a nominated account.
Savers are welcome to make additions and withdrawals at any time, without penalty or notice, giving them the height of flexibility and control.
This straightforward easy access deal is likely to catch the eye of savers who are looking for a highly flexible home for their savings. It is likely to be especially appealing to those who want to save extra alongside a Help to Buy ISA, but anyone can benefit from its competitive rate, monthly interest option and flexible management.
Moneyfacts rating: Excellent
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