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Virgin’s improved easy access rates

Virgin’s improved easy access rates

Category: Savings
Date: 22/05/2017

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 It is now over 6 months old so the content may be out of date.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 increased the rates on both its ISA and non-ISA easy access accounts by 0.20%, which sees them enter the Best Buy charts for their respective sectors, and earns them a high rating.

The basics…

The Defined Access E-Saver Issue 12 and Defined Access E-ISA Issue 13 both now boast a variable rate of 1.01%, paid yearly. Versions paying the same interest on a monthly basis are also available.

The finer details…

These accounts require a minimum investment of just £1. Unlimited additions and withdrawals are allowed, however if more than three withdrawals are made in a year then the rate will drop to 0.25%, so savers will have to carefully consider how easy they want their access to be. The ISA further allows transfers in and out. Both accounts require access to be made via a nominated current account. They are online-exclusive, though there are alternative versions available that can be managed through other channels.

Why we like them…

The rate increase on these deals has made them attractive enough to earn competitive places in the Best Buy charts despite their withdrawal limitations, with the ISA even reaching second place. They've also been awarded a high rating as a result.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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