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

What_time_is_it

My Exclusive Flexi ISA 2 has updated to 3.75%. 
Pretty certain that this is the exact same product as the Easy Access ISA.

RG2015

What_time_is_it said:

My Exclusive Flexi ISA 2 has updated to 3.75%. 
Pretty certain that this is the exact same product as the Easy Access ISA.

Just for information, VM also have an Easy Access Cash ISA paying 0.25%.

I cannot imagine why they would bother with this.

aaj123

RG2015 said:

What_time_is_it said:

My Exclusive Flexi ISA 2 has updated to 3.75%. 
Pretty certain that this is the exact same product as the Easy Access ISA.

Just for information, VM also have an Easy Access Cash ISA paying 0.25%.

I cannot imagine why they would bother with this.

So as to tap in to the inertia that folks coming out of other products have. They get dropped into the 0.25% one by default. 

aaj123

What_time_is_it said:

My Exclusive Flexi ISA 2 has updated to 3.75%. 
Pretty certain that this is the exact same product as the Easy Access ISA.

VM has updated the product details on their website too now.

https://uk.virginmoney.com/savings/products/easy_access_cash_isa_exclusive_issue_2/

RG2015

aaj123 said:

RG2015 said:

What_time_is_it said:

My Exclusive Flexi ISA 2 has updated to 3.75%. 
Pretty certain that this is the exact same product as the Easy Access ISA.

Just for information, VM also have an Easy Access Cash ISA paying 0.25%.

I cannot imagine why they would bother with this.

So as to tap in to the inertia that folks coming out of other products have. They get dropped into the 0.25% one by default. 

Evil money grabbing bankers!

PS: But great when they give me a market smashing 3.75% 

aaj123

RG2015 said:

aaj123 said:

RG2015 said:

What_time_is_it said:

My Exclusive Flexi ISA 2 has updated to 3.75%. 
Pretty certain that this is the exact same product as the Easy Access ISA.

Just for information, VM also have an Easy Access Cash ISA paying 0.25%.

I cannot imagine why they would bother with this.

So as to tap in to the inertia that folks coming out of other products have. They get dropped into the 0.25% one by default. 

Evil money grabbing bankers!

PS: But great when they give me a market smashing 3.75% 

Tbh I am not complaining about being the cross subsidy beneficiary...

RG2015

aaj123 said:

What_time_is_it said:

My Exclusive Flexi ISA 2 has updated to 3.75%. 
Pretty certain that this is the exact same product as the Easy Access ISA.

VM has updated the product details on their website too now.

https://uk.virginmoney.com/savings/products/easy_access_cash_isa_exclusive_issue_2/

And definitely still Issue 2.

I had an exclusive 1 year fixed exclusive in 2020/2021 which was converted upon maturity into my current exclusive easy access issue 2.

I thought it was originally issue 1 but on checking back it was always issue 2.

What I do recall though is it displaying as issue 1 in my online banking at the same time as it was displayed as issue 2 in the VM app.

This has now all been corrected now and is showing as issue 2 everywhere.

aaj123

Seems like I need a paper isa transfer form posted for transferring from Principality ISA. Its not on the list of those supporting online transfers apparently.

jimjames

Had an email from Virgin this morning confirming that the rate has increased to 3.75% for existing ISA

What_time_is_it

jimjames said:

Had an email from Virgin this morning confirming that the rate has increased to 3.75% for existing ISA

Yep. Me too. Just now.