Virgin Money future switch offer likelihood? 6 March at 4:00PM edited 6 March at 4:00PM in Budgeting & bank accounts 2 replies 187 views

pecunianonolet

Hi,

Simple question if Virgin has done any switch offers in the past and if folks see any likelihood for one coming round in March? Planning to take them up on their 4.25% ISA and was wondering if any switcher offers might come round so I can cash in on that before I open the ISA. Missed out on TSB as I opened an account 3 days before they rolled out the offer so didn't want to open a third current account with them....

Anyone having a good crystal ball on hand for a prediction? 

pridehappy

Virgin Money seemed to be one of the most regular ones to release switching incentives, ranging from free wine to 25% supermarket discount. Although, after the current situation, a lot of the banks have slowed down with their switching offers and there’s not many available now. Virgin Money has great products anyway, and the overall experience I’ve had with them so far is the best out of the bunch, so I’d wait a little longer (few months) and if there isn’t an offer arrive, I’d switch anyway. Leaving it too long could lean you’d miss out on the interest anyway and other perks, counterbalancing what you’d gain from a switch offer depending on your investment.

pecunianonolet

pridehappy said:

Virgin Money seemed to be one of the most regular ones to release switching incentives, ranging from free wine to 25% supermarket discount. Although, after the current situation, a lot of the banks have slowed down with their switching offers and there’s not many available now. Virgin Money has great products anyway, and the overall experience I’ve had with them so far is the best out of the bunch, so I’d wait a little longer (few months) and if there isn’t an offer arrive, I’d switch anyway. Leaving it too long could lean you’d miss out on the interest anyway and other perks, counterbalancing what you’d gain from a switch offer depending on your investment.

I am only interested in the 1y fixed ISA and probably on the flexible ISA next tax year. If no offer comes round in the next 3 weeks means I have to open a current account to get access to the ISA and most likely miss out on any new switch bonus in the future, unless they allow switching into existing accounts like RBS/Natwest/Ulster currently do.