Virgin Money Increases Interest Rate on Easy Access Cash ISA Exclusive and Launches New 1 Year Fixed Rate Cash ISA Exclusive

Virgin Money has increased the interest rate on one of its popular savings accounts, the Easy Access Cash ISA Exclusive, and launched a new 1 Year Fixed Rate Cash ISA Exclusive. The Easy Access Cash ISA Exclusive interest rate has been increased for the third time since June to 4.51% from 4.25% tax-free/AER for both new and existing customers. Existing customers do not need to do anything to benefit from the higher rate, it will automatically be applied from Friday 1st September. Customers can manage their Easy Access Cash ISA Exclusive account online, where they can also top up and take money out whenever they like. Customers need to have or open a Virgin Money current account in order to apply for an Easy Access Cash ISA Exclusive. Adding to this, Virgin Money has also launched a new 1 Year Fixed Rate Cash ISA Exclusive, which offers a market-leading rate of 5.80% tax-free/AER. Customers can manage their Fixed Rate Cash E-ISA accounts online, and these products enable customers to know exactly how much interest they will earn on their savings. Ruth Brougham, head of digital banking at Virgin Money, said “We’re committed to helping our customers make the most of their savings, which is why we continue to increase interest rates and offer a competitive savings range with attractive product features and rates, enabling customers to boost their savings.”