Virgin Money Launches New Fixed Rate Savings Products

Virgin Money, the financial services arm of the Virgin Group, has recently launched a range of new fixed rate savings products. These products are designed to provide customers with a secure and reliable way to save their money.

The new products offer customers a range of fixed rate savings options, with rates ranging from 0.50% to 1.50%. Customers can choose to save for either one year, two years, or three years. The longer the term, the higher the rate of interest.

The products also offer customers flexibility, as they can choose to make regular deposits into their account or make one-off lump sum payments. This means that customers can tailor their savings plan to suit their individual needs and circumstances.

The products are available to both new and existing customers, and there are no minimum deposit requirements. This makes them an ideal option for those who are looking to start saving, or for those who want to add to their existing savings.

The products are also protected by the Financial Services Compensation Scheme (FSCS). This means that customers’ money is protected up to a certain limit if the bank were to fail.

Overall, Virgin Money’s new fixed rate savings products offer customers a secure and reliable way to save their money. They provide customers with a range of options, flexibility, and protection from the FSCS. As such, they are an ideal option for those looking to start or add to their savings.

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