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Virgin Money launches online bond

Virgin Money launches online bond

Category: Savings

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 It is now over 6 months old so the content may be out of date.

After just a week's absence, Virgin Money has re-launched its Fixed Rate E-Bond Issue 8.

The basics….

This attractive one-year bond pays 2.25% for deposits of just £1 and over.

The finer details….

Early access is not permitted during the term of the deal.

The bond is available to savers aged 16 and over and can be operated online only.

Why we like it….

This online bond offers a competitive rate to savers looking to lock their money away for a short period of time. Four out of five Moneyfacts stars have been awarded.

What next?

Once you have applied online, your account number will be confirmed on screen. Shortly after, Virgin Money will send you a welcome pack detailing how to operate your account.

Virgin Money will usually verify your identity using an electronic identification system, but if they can't for any reason, you may be asked to provide proof of identify at a later date.

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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 Any products featured may be withdrawn by their provider or changed at any time.