Virgin Money logo

Virgin Money Grow Saver

Advertiser disclosure
The details shown below are for the Grow Saver (Lock Saver Feature)
The details shown below are for the Grow Saver

Choose the version of this product that suits you best

Name
Grow Saver (Lock Saver Feature)
Grow Saver
  • Grow Saver (Lock Saver Feature)
  • Grow Saver
Interest rate
0.05% p.a.(for $0 and over)
Maximum rate
2.30% p.a. (for $0 and over)
Govt deposit guarantee
Yes up to $250,000
Interest rate
0.05% p.a.(for $0 and over)
Maximum rate
2.00% p.a. (for $0 and over)
Govt deposit guarantee
Yes up to $250,000

Details

Rates and fees information correct as at 9 September 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: 2.30% p.a.

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.

Fees

$0.00

n/a

Unlimited electronic internal and external transfers.

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

no

no

no

Savings account only accessible through iOS or Android app. Daily ATM withdrawal limit not applicable.

none

none

Details

Rates and fees information correct as at 9 September 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: 2.00% p.a.

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.

Fees

$0.00

n/a

Unlimited electronic internal and external transfers.

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

no

no

no

Savings account only accessible through iOS or Android app. Daily ATM withdrawal limit not applicable.

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.

none

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.

About Virgin Money

Thumbnail icon for Macquarie
Macquarie

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

Thumbnail icon for Rabobank
Rabobank

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

Thumbnail icon for ING
ING

Savings Maximiser

5.50% p.a. (for $0 to $100,000)

0.55% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for Unity Bank
Unity Bank

MoneyMAX

No Current Offer

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

Yes up to $250,000

Thumbnail icon for ING
ING

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

Thumbnail icon for MyState Bank
MyState Bank

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

Thumbnail icon for Macquarie
Macquarie

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)

Thumbnail icon for ING
ING

Savings Maximiser

5.50% p.a. (for $0 to $100,000)

Yes up to $250,000

0.55% p.a.(for $0 and over)

Thumbnail icon for Unity Bank
Unity Bank

MoneyMAX

No Current Offer

Yes up to $250,000

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

Thumbnail icon for MyState Bank
MyState Bank

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)

Thumbnail icon for ING
ING

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)

Thumbnail icon for Rabobank
Rabobank

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)

Thumbnail icon for Auswide Bank
Auswide Bank

Ziggy Kids Saver

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

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

Yes up to $250,000

Thumbnail icon for ANZ
ANZ

Progress Saver

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

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

Yes up to $250,000

Compare other savings accounts