Choose the version of this product that suits you best
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Boost Saver with Go Account |
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Boost Saver with Go Account - Lock Saver Feature |
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Boost Saver with Go Account (Under 18 years old) |
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Boost Saver with Go Account (Under 18 years old) (Lock Saver Feature) |
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Balances from $0: 0.05% p.a. |
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Balances from $0: 5.05% p.a. |
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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. |
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$0.00 |
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n/a |
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Unlimited Internal Transfers to your Virgin Money Go Account |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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n/a |
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$0.00 |
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$0.00 |
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Monthly |
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no |
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n/a |
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no |
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no |
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no |
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no |
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no |
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no |
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yes |
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yes |
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no |
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Bank and savings account only accessible through iOS or Android app. |
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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 December 2024. The Lock Saver Feature available earn an extra 0.30% p.a. T&Cs apply. |
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none |
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Balances from $0: 0.05% p.a. |
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Balances from $0: 5.35% p.a. |
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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. |
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$0.00 |
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n/a |
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Unlimited Internal Transfers to your Virgin Money Go Account |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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n/a |
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$0.00 |
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$0.00 |
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Monthly |
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no |
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n/a |
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no |
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no |
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no |
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no |
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no |
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no |
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yes |
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yes |
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no |
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Bank and savings account only accessible through iOS or Android app. |
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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 December 2024. |
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none |
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Balances from $0: 0.05% p.a. |
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Balances from $0: 5.05% p.a. |
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Bonus rate of 5.05% is made up of the Base rate of 0.05% and Bonus rate of 5.00%. |
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$0.00 |
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n/a |
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Unlimited Internal Transfers to your Virgin Money Go Account |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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n/a |
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$0.00 |
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$0.00 |
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Monthly |
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no |
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n/a |
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no |
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no |
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no |
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no |
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no |
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no |
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yes |
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yes |
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no |
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Bank and savings account only accessible through iOS or Android app. |
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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 December 2024. The Lock Saver Feature available earn an extra 0.30% p.a. T&Cs apply. |
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Under 18 |
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Balances from $0: 0.05% p.a. |
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Balances from $0: 5.35% p.a. |
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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. |
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$0.00 |
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n/a |
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Unlimited Internal Transfers to your Virgin Money Go Account |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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n/a |
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$0.00 |
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$0.00 |
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Monthly |
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no |
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n/a |
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no |
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no |
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no |
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no |
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no |
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no |
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yes |
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yes |
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no |
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Bank and savings account only accessible through iOS or Android app. |
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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 December 2024. |
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Under 18 |
One you get the hang of the product linked to the high interest savings account then it’s effortless.
Read full reviewOne you get the hang of the product linked to the high interest savings account then it’s effortless.
I switched to Virgin Money earlier in the year and the experience has been excellent. It has been really easy to set up and manage ongoing. The interest rate is very competitive (which is great when you're putting away decent money each month). The app is incredibly easy to use and card easily added to digital wallet. Transfers to other banks are also quick Haven't had to interact with customer service yet, so can't make a comment here. Lock in saver can be difficult if you need to access money quickly (30 days' notice needed). But worth it for the higher interest rate. Suggest you have a reserve somewhere else
Read full reviewI switched to Virgin Money earlier in the year and the experience has been excellent. It has been really easy to set up and manage ongoing. The interest rate is very competitive (which is great when you're putting away decent money each month). The app is incredibly easy to use and card easily added to digital wallet. Transfers to other banks are also quick Haven't had to interact with customer service yet, so can't make a comment here. Lock in saver can be difficult if you need to access money quickly (30 days' notice needed). But worth it for the higher interest rate. Suggest you have a reserve somewhere else
Interest rates are good, if you can meet the criteria. I have been with over 6 banks ans never has it been hard to meet the criteria. They make you jump through hoops to get the advertised interest rate. The criteria applies only for the next month, not the current month either. Not a good system. And you need to deposit yours savings into your transaction account for it to apply, not your savings account? Like why??
Read full reviewInterest rates are good, if you can meet the criteria. I have been with over 6 banks ans never has it been hard to meet the criteria. They make you jump through hoops to get the advertised interest rate. The criteria applies only for the next month, not the current month either. Not a good system. And you need to deposit yours savings into your transaction account for it to apply, not your savings account? Like why??
Their high interest rate saving accounts are designed to deliberately not paying the bonus interest rate. I bank with 9 other banks and by far the only two banks that make you go around chasing monthly interest rate. The other being BOQ which is subsidary of Virgin or related. In more details. From time to time they will chamge their critieria to meet the bonus interest payment. I had them put down on my spreadsheet to make sure I wont fall into their trap after 2 previous time. The 3rd time was the critieria of *external bank*. I transfer from BOQ and the representative told me they are related? Who knows? Do we go research every single bank we bank with who is their subsidary and how are they related? Also the term * external* can include and exclude many banks. Nevermind. I make sure I transfer for a bank not know to be in any affliation with them. C. Forth time they did not pay again so I wondered what could be wrong. They say despite I have mad more than 5 eligible payments every month they have not process the payments to merchant. *pending* that can last up to 21 days. One virgin presentative says 3 days, another 5 days and last one 21 days. The other representative replied the reason they need to hold 21days is to make sure we do not overdraft. It is a debit account, no funds no payment. What are they talking about? All to trap their customers and you end up with much less interest money in the bank every month. An yes. Their customer service is horrible. I have to repeat the same messages 6 times.
Read full reviewTheir high interest rate saving accounts are designed to deliberately not paying the bonus interest rate. I bank with 9 other banks and by far the only two banks that make you go around chasing monthly interest rate. The other being BOQ which is subsidary of Virgin or related. In more details. From time to time they will chamge their critieria to meet the bonus interest payment. I had them put down on my spreadsheet to make sure I wont fall into their trap after 2 previous time. The 3rd time was the critieria of *external bank*. I transfer from BOQ and the representative told me they are related? Who knows? Do we go research every single bank we bank with who is their subsidary and how are they related? Also the term * external* can include and exclude many banks. Nevermind. I make sure I transfer for a bank not know to be in any affliation with them. C. Forth time they did not pay again so I wondered what could be wrong. They say despite I have mad more than 5 eligible payments every month they have not process the payments to merchant. *pending* that can last up to 21 days. One virgin presentative says 3 days, another 5 days and last one 21 days. The other representative replied the reason they need to hold 21days is to make sure we do not overdraft. It is a debit account, no funds no payment. What are they talking about? All to trap their customers and you end up with much less interest money in the bank every month. An yes. Their customer service is horrible. I have to repeat the same messages 6 times.
An app only bank, that doesn't have an app that works! Every time I open the app, it takes 2 minutes to load, displays several error messages and just lags. I've seen screen recordings over and over again but they just can't fix it. The offshore customer service department have absolutely no idea and provide a terrible level of service. I don't feel secure banking with a company that doesent offer Internet banking or branches, the only way to access your banking is on an app, that doesn't work. Enough is enough
Read full reviewAn app only bank, that doesn't have an app that works! Every time I open the app, it takes 2 minutes to load, displays several error messages and just lags. I've seen screen recordings over and over again but they just can't fix it. The offshore customer service department have absolutely no idea and provide a terrible level of service. I don't feel secure banking with a company that doesent offer Internet banking or branches, the only way to access your banking is on an app, that doesn't work. Enough is enough
Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Savings Maximiser
5.50% p.a. (for $0 to $100,000)
0.55% p.a.(for $0 and over)
Yes up to $250,000
Savings Accelerator
3.55% p.a. (for $0 to $50,000)
2.85% p.a.(for $0 to $50,000)
Yes up to $250,000
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
Yes up to $250,000
4.75% p.a.(for $0 to $1,000,000)
Savings Maximiser
5.50% p.a. (for $0 to $100,000)
Yes up to $250,000
0.55% p.a.(for $0 and over)
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
0.05% p.a.(for $0 and over)
Savings Accelerator
3.55% p.a. (for $0 to $50,000)
Yes up to $250,000
2.85% p.a.(for $0 to $50,000)
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
Yes up to $250,000
4.40% p.a.(for $0 to $250,001)
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
3.01% p.a. (for $0 and over)
Yes up to $250,000
Progress Saver
0.01% p.a.(for $0 and over)
4.25% p.a. (for $0 and over)
Yes up to $250,000
