Virgin 2 year fixed ISA question

pana37

Hi looking to open a Fixed ISA was looking at the 2 year. can i add more money in the 2nd financial year in the same account?

eskbanker

https://uk.virginmoney.com/savings/products/2_year_fixed_rate_cash_e_isa_issue_542#how-do-i-open-and-manage-my-account

To ensure money is accepted into your new account we must receive all money within 30 days from your account opening date. Any deposits received after 30 days may be returned to you. Therefore if you wish to add to your ISA every tax year this product will not be suitable. Fixed Rate Cash ISAs are not suitable for regular deposits.

RG2015

pana37 said:

Hi looking to open a Fixed ISA was looking at the 2 year. can i add more money in the 2nd financial year in the same account?

eskbanker said:

https://uk.virginmoney.com/savings/products/2_year_fixed_rate_cash_e_isa_issue_542#how-do-i-open-and-manage-my-account

To ensure money is accepted into your new account we must receive all money within 30 days from your account opening date. Any deposits received after 30 days may be returned to you. Therefore if you wish to add to your ISA every tax year this product will not be suitable. Fixed Rate Cash ISAs are not suitable for regular deposits.

If the Virgin Money 2 year ISA is still available within 30 days of the end of the financial year then yes.

Deposit up to £20,000 from the 2022/2023 ISA allowance between 8 March and 5 April 2023 and then up to another £20,000 between 6 April 2023 and 30 days after your account opening date.

The Virgin Money 1 year ISA is currently paying 4.25%, so higher than the 4.11% on the 2 year ISA. The subscription terms are also slightly different allowing eligible deposits up to 30 days after the account is withdrawn. 

pana37

RG2015 said:

pana37 said:

Hi looking to open a Fixed ISA was looking at the 2 year. can i add more money in the 2nd financial year in the same account?

eskbanker said:

https://uk.virginmoney.com/savings/products/2_year_fixed_rate_cash_e_isa_issue_542#how-do-i-open-and-manage-my-account

To ensure money is accepted into your new account we must receive all money within 30 days from your account opening date. Any deposits received after 30 days may be returned to you. Therefore if you wish to add to your ISA every tax year this product will not be suitable. Fixed Rate Cash ISAs are not suitable for regular deposits.

If the Virgin Money 2 year ISA is still available within 30 days of the end of the financial year then yes.

Deposit up to £20,000 from the 2022/2023 ISA allowance between 8 March and 5 April 2023 and then up to another £20,000 between 6 April 2023 and 30 days after your account opening date.

The Virgin Money 1 year ISA is currently paying 4.25%, so higher than the 4.11% on the 2 year ISA. The subscription terms are also slightly different allowing eligible deposits up to 30 days after the account is withdrawn. 

WOW WEE 4.25% not sure what the difference is
 between https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_e_isa_issue_546 which is only 3.79% 

eskbanker

pana37 said:

RG2015 said:

The Virgin Money 1 year ISA is currently paying 4.25%, so higher than the 4.11% on the 2 year ISA. The subscription terms are also slightly different allowing eligible deposits up to 30 days after the account is withdrawn. 

WOW WEE 4.25% not sure what the difference is
 between https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_e_isa_issue_546 which is only 3.79% 

The 4.25% rate is paid by the Exclusive version of the account, available only to current account customers:

https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_isa_exclusive_issue_4/

RG2015

Yes, they are both Virgin Money but they might as well be from different providers.

There are two quite separate websites which have no interaction with each other.

It is rather confusing.

Qyburn

They're all listed, exclusive and non-exclusive, on the same page ..
https://uk.virginmoney.com/savings/find/results/#online

RG2015

Qyburn said:

They're all listed, exclusive and non-exclusive, on the same page ..
https://uk.virginmoney.com/savings/find/results/#online

Just to be clear, the accounts are listed on the main website but when logging in, to view accounts you have opened, there are two distinct websites.

Also, there is no way to make internal Virgin Money transfers between the two different sites. Any transfers need to be external. payments.