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Current account
Paying 2.02% AERGo to footnote 1 (2.00% grossGo to footnote 1 per annum variable) on up to £1,000, interest paid monthly.
Linked savings account
1.00% AERGo to footnote 1 on savings balances up to £25,000, and 0.50% AERGo to footnote 1 on any balances above £25,000. Interest paid quarterly.
Free for all
No monthly fee to worry about, plus we won't charge you to use your card abroad (other fees and charges apply).
Open in minutes
Try now, switch later.
Current account
Paying 2.02% AERGo to footnote 1 (2.00% grossGo to footnote 1 per annum variable) on up to £1,000, interest paid monthly.
Linked savings account
1.00% AERGo to footnote 1 on savings balances up to £25,000, and 0.50% AERGo to footnote 1 on any balances above £25,000. Interest paid quarterly.
Free for all
No monthly fee to worry about, plus we won't charge you to use your card abroad (other fees and charges apply).
Open in minutes
Try now, switch later.
View our Virgin Money current and savings account
Like any other current account, ours is subject to status and eligibility
Footnotes
[1] AER Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year. Gross rate interest payable without taking account of any tax payable. Credit interest is calculated daily on the cleared credit balance in your account. ↩
Get into our brand new app
All the features you expect. Plus a few you don't.
Save for what you want
Pick a goal, create a Savings Pot for it, and transfer money in to it when you can.
Budget beautifully
See your spending and what you've got left each month. Gone over-budget? The app lets you know.
Pay easily
Just a fingertip away with Apple Pay and Google Pay.
Simple and secure
It's quick and easy to sign in using your face or fingerprint.
Prefer using a passcode? You can still set up a six-digit passcode to sign in securely.
Making the most of these features
As long as you have a smartphone or tablet running iOS 10 (or above) or Android 5.0 Lollipop (or above), you can make use of our super smart app. You can still access your accounts through your desktop or laptop, but won’t be able to use the full range of features.
Additional information
- Virgin Money M Plus Account & M Plus Saver are available for anyone from the age of 16 (18 for online application), subject to status.
- Make sure you’re choosing the right account for you by comparing our other current accounts.
- Find out more about switching to the our M Plus Account using the Current Account Switch Service.
- Looking for a joint account? We only need one of you to get the ball rolling.
- You can cancel your agreement with us by phone or in branch within 14 days of your account being approved. Once you've cancelled, you have 30 days to repay any debit balance, interest and fees owing.
- View our full T&Cs and Tariffs for our M Plus Account and M Plus Saver.
Summary Box
Account name: M Plus Saver
What is the interest rate?
| Balance | Gross Rate (%) | AER (%) |
|---|---|---|
| Balances up to and including £25,000 | 1.00% | 1.00% |
| Balances over £25,000 | 0.50% | 0.50% |
Interest is calculated on a daily basis and paid on the last day of each calendar quarter.
Can Virgin Money change the interest rate?
Yes, if we decrease your rate we will provide at least 2 months notice as described in Section 12 of the Terms. We may increase your rate without giving you notice.
What would the estimated balance be after 12 months based on:
| Initial deposit at account opening | Balance after 12 months |
|---|---|
| £1,000.00 | £1,010.00 |
| £25,000.00 | £25,250.00 |
| £50,000.00 | £50,375.70 |
This is only an example and does not take into account your individual circumstances.
The example assumes that:
- no further deposits or withdrawals are made;
- any interest earned stays in the account; and
- there is no change to the interest rate.
How do I open and manage my account?
You can only open an M Plus Saver if you have an M Plus Account with us in the same name(s). The M Plus Saver will stay open, as long as the M Plus Account is maintained as described in the Terms.
The account can be opened in Store or online, virginmoney.com/current-accounts/pca, or call us on 0800 121 7365, someone from our team will be available 24/7.
There are no minimum or maximum balance restrictions or need to pay in on a regular basis. The M Plus Account is available for anyone from the age of 16.
If you want to apply online, you'll need to be at least 18. Subject to status.
Can I withdraw money?
You may only withdraw funds by transfer to your M Plus Account or any other account that we allow you to make a transfer into using internet/ telephone banking, the Virgin Money Mobile Banking app or in store.
Additional information
Interest will be paid gross.
Gross rate interest is the interest payable without taking account of any tax payable.
AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries.Google and Google Pay are trademarks of Google LLC
You can find impartial information and guidance on money matters on the “Money advice service” website.
Clydesdale Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.