Virgin Money Exclusive ISA increasing from 3% to 3.75% on 1st June

RG2015

As per the title.

Breaking news! We’re boosting our M Plus Saver rate to 3.03% AER3 (variable) and Easy Access Cash ISA Exclusive to 3.75% AER/tax-free (variable) from 1 June 2023. For new and existing current account customers (exclusions and terms apply).


https://uk.virginmoney.com/current-accounts/pca/

aaj123

RG2015 said:

As per the title.

Breaking news! We’re boosting our M Plus Saver rate to 3.03% AER3 (variable) and Easy Access Cash ISA Exclusive to 3.75% AER/tax-free (variable) from 1 June 2023. For new and existing current account customers (exclusions and terms apply).


https://uk.virginmoney.com/current-accounts/pca/

That's a Flexible ISA which also would do instant faster payments unlike BS accounts which process instructions slower and only to / from a nominated account.

RG2015

aaj123 said:

RG2015 said:

As per the title.

Breaking news! We’re boosting our M Plus Saver rate to 3.03% AER3 (variable) and Easy Access Cash ISA Exclusive to 3.75% AER/tax-free (variable) from 1 June 2023. For new and existing current account customers (exclusions and terms apply).


https://uk.virginmoney.com/current-accounts/pca/

That's a Flexible ISA which also would do instant faster payments unlike BS accounts which process instructions slower and only to / from a nominated account.

Yes, and it was my go to account when it was market leading of any easy access offerings.

Now it is almost market leading again, it will be my first choice for weekly easy access.

aaj123

RG2015 said:

aaj123 said:

RG2015 said:

As per the title.

Breaking news! We’re boosting our M Plus Saver rate to 3.03% AER3 (variable) and Easy Access Cash ISA Exclusive to 3.75% AER/tax-free (variable) from 1 June 2023. For new and existing current account customers (exclusions and terms apply).


https://uk.virginmoney.com/current-accounts/pca/

That's a Flexible ISA which also would do instant faster payments unlike BS accounts which process instructions slower and only to / from a nominated account.

Yes, and it was my go to account when it was market leading of any easy access offerings.

Now it is almost market leading again, it will be my first choice for weekly easy access.

Almost? 3.75% is market leading among all easy access ISAs now, isn't it?

What_time_is_it

I've got an ISA with Virgin which is called "Exclusive Flexi ISA 2". Its has an interest rate of 3.03% AER.
Is that the same thing? Will the rate go up to 3.75%?

RG2015

aaj123 said:

RG2015 said:

aaj123 said:

RG2015 said:

As per the title.

Breaking news! We’re boosting our M Plus Saver rate to 3.03% AER3 (variable) and Easy Access Cash ISA Exclusive to 3.75% AER/tax-free (variable) from 1 June 2023. For new and existing current account customers (exclusions and terms apply).


https://uk.virginmoney.com/current-accounts/pca/

That's a Flexible ISA which also would do instant faster payments unlike BS accounts which process instructions slower and only to / from a nominated account.

Yes, and it was my go to account when it was market leading of any easy access offerings.

Now it is almost market leading again, it will be my first choice for weekly easy access.

Almost? 3.75% is market leading among all easy access ISAs now, isn't it?

Sorry. I meant almost market leading for any easy access account, ISA or non ISA.

aaj123

What_time_is_it said:

I've got an ISA with Virgin which is called "Exclusive Flexi ISA 2". Its has an interest rate of 3.03% AER.
Is that the same thing? Will the rate go up to 3.75%?

This is what stopped me from applying today. Not sure if they intend to launch a new issue or update the rate on Flexi ISA 2. We will know tomorrow. 

RG2015

What_time_is_it said:

I've got an ISA with Virgin which is called "Exclusive Flexi ISA 2". Its has an interest rate of 3.03% AER.
Is that the same thing? Will the rate go up to 3.75%?

The exclusive flexi isa 2 has an interest rate of 3.00% aer. I am not sure where you are seeing 3.03% for this account.

The 3.00% isa is increasing to 3.75% aer from 1st June.

aaj123

RG2015 said:

What_time_is_it said:

I've got an ISA with Virgin which is called "Exclusive Flexi ISA 2". Its has an interest rate of 3.03% AER.
Is that the same thing? Will the rate go up to 3.75%?

The exclusive flexi isa 2 (and 1) has an interest rate of 3.00% aer. I am not sure where you are seeing 3.03% for this account.

The 3.00% isa is increasing to 3.75% aer from 1st June.

IMO their statement so far hasn't made it clear that existing ISA issues will have their rate changed from 3 to 3.75%. They just say that the 3.75% rate will be available to new and existing M Plus current account customers from tomorrow.

RG2015

aaj123 said:

What_time_is_it said:

I've got an ISA with Virgin which is called "Exclusive Flexi ISA 2". Its has an interest rate of 3.03% AER.
Is that the same thing? Will the rate go up to 3.75%?

This is what stopped me from applying today. Not sure if they intend to launch a new issue or update the rate on Flexi ISA 2. We will know tomorrow. 

If you look at my link it does say new and existing customers. But banks often have curious issues on their accounts. I understand why you are being cautious.

aaj123

RG2015 said:

aaj123 said:

What_time_is_it said:

I've got an ISA with Virgin which is called "Exclusive Flexi ISA 2". Its has an interest rate of 3.03% AER.
Is that the same thing? Will the rate go up to 3.75%?

This is what stopped me from applying today. Not sure if they intend to launch a new issue or update the rate on Flexi ISA 2. We will know tomorrow. 

If you look at my link it does say new and existing customers. But banks often have curious issues on their accounts. I understand why you are being cautious.

It says new and existing current account customers. So not clear if it includes existing ISA customers.