How to close Virgin Money savings account?

janusdesign

I tried for ages to close my account online - could never get through to them on the phone.

in the end, I emailed my local branch and one of them took care of it for me - I can't remember if I had to put it writing to them too, but I know I can no longer login.

never again would I bank with Virgin.

Daliah

jimjames said:

wiseonesomeofthetime said:

I have switched three VM current accounts away. All three linked Savings accounts are still showing on the app.

No money in them mind. Better rates elsewhere.

Out of interest where do you get better rates than the 2% the current account pays?

A fully loaded VM current account makes £20 a year. Switching can make 5 times or more than that in less than 2 weeks. There’s also nothing to stop you from applying for another VM account.

wiseonesomeofthetime

jimjames said:

wiseonesomeofthetime said:

I have switched three VM current accounts away. All three linked Savings accounts are still showing on the app.

No money in them mind. Better rates elsewhere.

Out of interest where do you get better rates than the 2% the current account pays?

I got six year's worth of VM interest by switching to Nationwide, £125

Got five year's worth of VM interest by switching to Lloyds, £100

Got six and half year's worth of VM interest coming from Santander switch, £130

Much better than having loads of VM accounts open and waiting years for the return.

Oh, and all tax-free


Still got one VM current account left as exhausted all eligible switches.

[Deleted User]

janusdesign said:

I tried for ages to close my account online - could never get through to them on the phone.

in the end, I emailed my local branch and one of them took care of it for me - I can't remember if I had to put it writing to them too, but I know I can no longer login.

never again would I bank with Virgin.

For all it's bright Virgin veneer - it's basically a rebranded B account that itself was basically a slightly upgraded Yorkshire/Clydesdale account and they were very branch/admin heavy.