We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Virgin Money Fixed ISA Exclusive 4.25% Monthly Interest?
Richchad
Posts: 560 Forumite
I saw that this VM Fixed ISA account is shown in the MSE Top 1 Year Fixed ISAs as interest being paid monthly or at maturity.
However looking at the Summary Box I can't see any reference to monthly interest...
Does anyone who has opened this account know if it can be paid monthly?
I have raised the question via VM messaging could take days to get a reply so thought maybe someone here might know.
0
Comments
-
As Virgin state that interest is only paid at the end of the fixed term on these accounts, then it'll be the MSE info that is wrong.
"Interest is calculated daily on your balance and paid to your account at the end of the fixed term. Or when you close your account, if that's earlier."
Savings Champion also state that interest is paid on maturity.1 -
Thanks refluxer, I missed that, it is strange as their other 1 year fixed ISA @ 4% has the monthly option, it seems that being "exclusive" as an existing customer, you lose the option of monthly interest.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards