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Virgin Money Boost Saver with Go Account

Advertiser disclosure
The details shown below are for the Boost Saver with Go Account
The details shown below are for the Boost Saver with Go Account - Lock Saver Feature
The details shown below are for the Boost Saver with Go Account (Under 18 years old)
The details shown below are for the Boost Saver with Go Account (Under 18 years old) (Lock Saver Feature)

Choose the version of this product that suits you best

Name
Boost Saver with Go Account
Boost Saver with Go Account - Lock Saver Feature
Boost Saver with Go Account (Under 18 years old)
Boost Saver with Go Account (Under 18 years old) (Lock Saver Feature)
  • Boost Saver with Go Account
  • Boost Saver with Go Account - Lock Saver Feature
  • Boost Saver with Go Account (Under 18 years old)
  • Boost Saver with Go Account (Under 18 years old) (Lock Saver Feature)
Interest rate
0.05% p.a.(for $0 and over)
Maximum rate
5.05% p.a. (for $0 to $250,000)
Govt deposit guarantee
Yes up to $250,000
Interest rate
0.05% p.a.(for $0 and over)
Maximum rate
5.35% p.a. (for $0 to $250,000)
Govt deposit guarantee
Yes up to $250,000
Interest rate
0.05% p.a.(for $0 and over)
Maximum rate
5.05% p.a. (for $0 to $250,000)
Govt deposit guarantee
Yes up to $250,000
Interest rate
0.05% p.a.(for $0 and over)
Maximum rate
5.35% p.a. (for $0 to $250,000)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Virgin Money Boost Saver with Go Account - last updated: 26 March 2024

binocular icon
What's hot
  • Enjoy up to 5.35% p.a. variable interest rate
What's not
  • 2.50% p.a. foreign exchange commission
Mozo snapshot

Like the sound of earning reward points and zero monthly account fees? Well, you might be interested in this bundled offering from Virgin Money. With this you will get a savings and everyday transaction account all in one, plus plenty of nifty features including the ability to set multiple savings goals, access to insights and data and a saving round-up tool.

key icon
Key features

If you like the idea of your bank and savings account being tied up together with a neat little bow, then you will likely be interested in Virgin Money’s combined Boost Saver and Go Account. With this account, you could get a maximum rate up to 5.35% p.a. when you meet the monthly criteria and enable the Lock Saver Feature. This is made up of a 0.30% notice interest rate, 0.05% p.a. standard variable rate and 5.00% p.a. bonus rate. Monthly conditions to earn the bonus rate vary depending on your age:

  • 14 to 17 year olds do not have to meet any conditions to earn the full rate.

  • Over 18 year olds must deposit at least $1,000 from an external account and also make five settled purchases, BPAY payments or direct debits.

If you meet all these conditions each month, you'll be able to earn the full interest rate.

Virgin Money also lets you be able to bag eight Virgin Money Points per settled transaction (no conditions required). You can redeem them for cash back into your savings accounts or for gift cards. Or if you like you can even use the points to pay for a purchase you’ve already made. Regretting buying lunch instead of doing meal prep? If you have enough points, you might just be able to erase it and pretend it never happened.

On top of all this, new customers can bag 5,000 bonus Virgin Money Points when they open a Virgin Money Go Account and make at least 1 debit card purchases or direct debits in the first 30 days. Offer ends 31 July 2024(T&Cs apply).

Of course, as with any bank or savings account there are a few cons to take into account. If you have a bigger savings stash for instance, this may not be the account for you. That’s because bonus interest can only be earned on balances up to $250,000. Anything over $250,000 and your interest rate will drop to 0.05% p.a.

Plus if you’re ever overseas or you ever do any shopping on international websites, it’s good to be mindful of the 2.50% foreign exchange commission and $5 overseas ATM fee.

snapshot
Who is it good for

This account might be more suited to a serious saver who loves taking advantage of perks such as rewards programs and wants the convenience of bundling their spending and saving together.

question icon
Any catches

If you fall into the over 18 age category and you don’t have a monthly income over $1,000, then this account may not be for you. There are a fair few conditions to meet with this particular account and if you can’t do that you won’t be able to earn the full interest rate or any of the other perks on offer.

Details

Rates and fees information correct as at 27 May 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.05% p.a.

Balances from $0: 5.05% p.a.
Balances from $250,000: 0.05% p.a.

Bonus interest 5.05% is made up of the Base rate of 0.05% and Bonus rate of 5.00%. 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.

Fees

$0.00

n/a

Unlimited Internal Transfers to your Virgin Money Go Account

n/a

n/a

n/a

n/a

n/a

n/a

n/a

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

no

n/a

no

no

no

no

no

no

yes

yes

no

Bank and savings account only accessible through iOS or Android app.

New customers receive 5,000 Virgin Money Points when opening a new Go Account with at least one settled eligible transaction in the first 30 days. Offer ends 31 July 2024. The Lock Saver Feature available earn an extra 0.30% p.a. T&Cs apply.

none

Details

Rates and fees information correct as at 27 May 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.05% p.a.

Balances from $0: 5.35% p.a.
Balances from $250,000: 0.05% p.a.

Bonus interest 5.35% is made up of the Base rate of 0.05%, Bonus rate of 5.00% 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.

Fees

$0.00

n/a

Unlimited Internal Transfers to your Virgin Money Go Account

n/a

n/a

n/a

n/a

n/a

n/a

n/a

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

no

n/a

no

no

no

no

no

no

yes

yes

no

Bank and savings account only accessible through iOS or Android app.

New customers receive 5,000 Virgin Money Points when opening a new Go Account with at least one settled eligible transaction in the first 30 days. Offer ends 31 July 2024.

none

Details

Rates and fees information correct as at 27 May 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.05% p.a.

Balances from $0: 5.05% p.a.
Balances from $250,000: 0.05% p.a.

Bonus rate of 5.05% is made up of the Base rate of 0.05% and Bonus rate of 5.00%.

Fees

$0.00

n/a

Unlimited Internal Transfers to your Virgin Money Go Account

n/a

n/a

n/a

n/a

n/a

n/a

n/a

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

no

n/a

no

no

no

no

no

no

yes

yes

no

Bank and savings account only accessible through iOS or Android app.

New customers receive 5,000 Virgin Money Points when opening a new Go Account with at least one settled eligible transaction in the first 30 days. Offer ends 31 July 2024. The Lock Saver Feature available earn an extra 0.30% p.a. T&Cs apply.

Under 18

Details

Rates and fees information correct as at 27 May 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.05% p.a.

Balances from $0: 5.35% p.a.
Balances from $250,000: 0.05% p.a.

Bonus interest of 5.35% is made up of the Base rate of 0.05%, Bonus rate of 5.00% and Notice Interest Rate of 0.30%, must enable the Lock Saver Feature. 32 days notice for withdrawal and T&Cs apply.

Fees

$0.00

n/a

Unlimited Internal Transfers to your Virgin Money Go Account

n/a

n/a

n/a

n/a

n/a

n/a

n/a

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

no

n/a

no

no

no

no

no

no

yes

yes

no

Bank and savings account only accessible through iOS or Android app.

New customers receive 5,000 Virgin Money Points when opening a new Go Account with at least one settled eligible transaction in the first 30 days. Offer ends 31 July 2024.

Under 18

Customer Reviews

How are Virgin Money savings accounts rated by the Mozo community?

Overall
5.6/10
Price
7.0/10
Features
3.8/10
Customer service
3.8/10
Convenience
3.6/10
Trust
3.9/10
Based on 45 Virgin Money savings account reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest reviews of Virgin Money Boost Saver with Go Account Savings Account

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4.40% p.a.(for $0 to $250,001)

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Yes up to $250,000

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Bonus Saver Account

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0.05% p.a.(for $0 and over)

Yes up to $250,000

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Savings+Bonus

5.00% p.a. (for $0 to $250,000)

2.00% p.a.(for $0 to $250,000)

Yes up to $250,000

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Yes up to $250,000

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Yes up to $250,000

4.75% p.a.(for $0 to $1,000,000)

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5.10% p.a. (for $0 to $250,000)

Yes up to $250,000

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AMP Saver Account

5.40% p.a. (for $0 to $250,000)

Yes up to $250,000

1.20% p.a.(for $0 to $5,000,000)

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Yes up to $250,000

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Yes up to $250,000

0.05% p.a.(for $0 and over)

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Savings+Bonus

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

2.00% p.a.(for $0 to $250,000)

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MoneyMAX

No Current Offer

Yes up to $250,000

4.75% p.a.(for $1 and over)

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0% p.a.(for $0 and over)

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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0.01% p.a.(for $0 and over)

3.01% p.a. (for $0 and over)

Yes up to $250,000

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0.01% p.a.(for $0 and over)

4.25% p.a. (for $0 and over)

Yes up to $250,000

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