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Virgin Money is a financial services company that differentiates itself with a high focus on customer service and a strong brand. It aims to offer great value banking and insurance products designed around what customers really want. In Australia, Virgin Money's banking products include savings accounts, credit cards, super and it also has a range of general insurance products including home and contents, car and travel insurance.
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Last updated 30 July 2025
Important disclosures
Boost Saver with Go Account - Lock Saver Feature
Maximum rate
4.75
%
p.a.
(for $0 to $250,000)
Bonus rate without the Lock Saver is up to 4.45% p.a. Enable Lock Saver Feature to earn 4.75% p.a. with 32 day’s notice for withdrawal and deposit $1,000 from another financial institution into your linked Go Account and settle 5+ transactions per month.
Standard rate
0.05
%
p.a.
(for $0 and over)
No Partner link
Standard rate
Balances from $0: 0.05% p.a.
Maximum rate
Balances from $0: 4.75% p.a. Balances from $250,000: 0.05% p.a.
Maximum rate conditions
Bonus interest 4.75% is made up of the Base rate of 0.05%, Bonus rate of 4.45% and Notice Interest Rate of 0.30%. It only applies when you deposit $1,000 into your Go Account and make 5 debit card purchases, direct debit or BPAY payments in the previous month and enable the Lock Saver feature.
Interest paid
Monthly
Account fee per month
$0.00
Access
BPay, Internet banking
Kids ages
-
Minimum balance
$0.00
Other restrictions
Bank and savings account only accessible through iOS or Android app.
Other benefits
-
Boost Saver with Go Account
Under 18 years old
Maximum rate
4.45
%
p.a.
(for $0 to $250,000)
Bonus interest of 4.45% is made up of the Base rate of 0.05% and Bonus rate of 4.40%.
Standard rate
0.05
%
p.a.
(for $0 and over)
No Partner link
Standard rate
Balances from $0: 0.05% p.a.
Maximum rate
Balances from $0: 4.45% p.a. Balances from $250,000: 0.05% p.a.
Maximum rate conditions
Bonus rate of 4.45% is made up of the Base rate of 0.05% and Bonus rate of 4.40%.
Interest paid
Monthly
Account fee per month
$0.00
Access
BPay, Internet banking
Kids ages
Under 18
Minimum balance
$0.00
Other restrictions
Bank and savings account only accessible through iOS or Android app.
Other benefits
-
Boost Saver with Go Account
Maximum rate
4.45
%
p.a.
(for $0 to $250,000)
Bonus interest of 4.45% is made up of the Base rate of 0.05% and Bonus rate of 4.40%. Deposit $1,000 each month and make 5 eligible payments from your Go Account. If you are between 18 and 25 deposit $1,000.
Standard rate
0.05
%
p.a.
(for $0 and over)
No Partner link
Standard rate
Balances from $0: 0.05% p.a.
Maximum rate
Balances from $0: 4.45% p.a. Balances from $250,000: 0.05% p.a.
Maximum rate conditions
Bonus interest 4.45% is made up of the Base rate of 0.05% and Bonus rate of 4.40%. It only applies when you deposit $1,000 into your Go Account and make 5 debit card purchases, direct debit or BPAY payments in the previous month.
Interest paid
Monthly
Account fee per month
$0.00
Access
BPay, Internet banking
Kids ages
-
Minimum balance
$0.00
Other restrictions
Bank and savings account only accessible through iOS or Android app.
Other benefits
-
Grow Saver
Lock Saver Feature
Maximum rate
2.30
%
p.a.
(for $0 and over)
Make at least 1 deposit per month and no more than 1 withdrawal, including internal transfers or external payments. Must enable the Lock Saver feature. 32 days notice for withdrawal and T&C's apply.
Standard rate
0.05
%
p.a.
(for $0 and over)
No Partner link
Standard rate
Balances from $0: 0.05% p.a.
Maximum rate
Balances from $0: 2.30% p.a.
Maximum rate conditions
Bonus rate is made up of the Base interest rate of 0.05%, Bonus interest rate of 1.95% and Notice interest rate of 0.30%. Make at least 1 deposit per month and no more than 1 withdrawal, including internal transfers or external payments. Must enable the Lock Saver Feature. 32 days notice for withdrawal and T&Cs apply.
Interest paid
Monthly
Account fee per month
$0.00
Access
-
Kids ages
-
Minimum balance
$0.00
Other restrictions
Savings account only accessible through iOS or Android app. Daily ATM withdrawal limit not applicable.
Other benefits
-
Grow Saver
Maximum rate
2.00
%
p.a.
(for $0 and over)
Make at least 1 deposit per month and no more than 1 withdrawal, including internal transfers or external payments.
Standard rate
0.05
%
p.a.
(for $0 and over)
No Partner link
Standard rate
Balances from $0: 0.05% p.a.
Maximum rate
Balances from $0: 2.00% p.a.
Maximum rate conditions
Bonus rate is made up of the Base interest rate of 0.05% and Bonus interest rate of 1.95%. Make at least 1 deposit per month and no more than 1 withdrawal, including internal transfers or external payments.
Interest paid
Monthly
Account fee per month
$0.00
Access
-
Kids ages
-
Minimum balance
$0.00
Other restrictions
Savings account only accessible through iOS or Android app. Daily ATM withdrawal limit not applicable.
Other benefits
Customers can use the Lock Saver Feature to lock their savings away and earn an extra 0.30% p.a. Need to give 32 days notice to access funds in locked account.
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Join the 35K+ subscribers who receive our weekly Moneyzone newsletter, showcasing the latest rate movements, exclusive deals, money-saving hacks, and expert insights from Mozo.
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Important disclosures
Advertiser disclosure
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Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the Product Disclosure Statement (PDS) or offer documentation, or seeking independent advice. It is also advised to review Target Market Determination(TMD) of products that you are considering. The TMD can be found on the provider's website.
Important disclosures
Important information about the Mozo customer ratings
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Disclaimer
Who we are and how we get paid
Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
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Important information on terms, conditions and sub-limits
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
