Virgin double take e-ISA rate drop to 0.61%

chamelion

Another week another rate drop. 
Virgin's ISA account dropping from 1.01% to 0.61% on 23 Nov. 

Lisa82

I know! Gutted, it’s on the same day as my NS&I rate drops.

SallySunshine

They do have a 1yr fixed ISA at 1% but it is only for Virgin Money/Clydesdale/Yorkshirebank  current account holders.
Bit miffed as I already have a long standing fixed ISA with them

kuepper

shocker, just got the email. Didn't expect such a hefty drop. I thought the previous rate was 1.1 not 1.01, did it drop from 1.1 to 1.01 or had I just misread it?

Lisa82

kuepper said:

shocker, just got the email. Didn't expect such a hefty drop. I thought the previous rate was 1.1 not 1.01, did it drop from 1.1 to 1.01 or had I just misread it?

Mine went from 1.45% to 1.01% on 2nd June

P3

Bummer, Where should my money go now? 0.65% tax free is only 0.8125% Vs my current best easy access at 1.2%. But it could drop too

eskbanker

P3 said:

my current best easy access at 1.2%

Where is this?

P3

No longer available to new customer.
Skipton/Coventry BS

P3

1% fixed isa with VM looks the best bet, although I never liked locked up my money. 
How do I 'transfer' from VM isa to VM isa?

quirkydeptless

chamelion said:

Another week another rate drop. 
Virgin's ISA account dropping from 1.01% to 0.61% on 23 Nov. 

badger09

P3 said:

1% fixed isa with VM looks the best bet, although I never liked locked up my money. 
How do I 'transfer' from VM isa to VM isa?

I've just done it through VM app. App takes you 'outside' to apply, but has prefilled most details, just NINO to complete IIRC. Then you need to log in again to 'verify application' through the app. Once done, the Exclusive 1 year FRISA was opened immediately (shows in app) and I was able to request xfer of existing VM Double Take ISA. Pretty painless really, apart from squinting at tiny iPhone SE (old) screen, and some  mis-alligned text.