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

aaj123

I now have current year subscription in the Skipton tracker and the old one split equally between Principality and Virgin. Expecting Virgin to lag behind again soon as they don't tend to raise rates until about 75bps behind others. 

I love how its easy to squeeze out interest tax free while still managing day to day cashflows by making use of these 'Flexible ISAs'. The VM makes it even better by being a proper account with instant faster payments.

Beddie

Well done VM for upping the rate, as it was lagging behind. They offer a good app and a solid current account too, I'd actually be tempted to use them for my everyday banking.

aaj123

Just noticed in the mobile app today that the interest rate on the exclusive ISA account is mentioned as 3.75% for balances upto £25000.

Appears a mistake as the main product page says nothing about any tier for the applicability of the 3.75%.

PloughmansLunch

aaj123 said:

Just noticed in the mobile app today that the interest rate on the exclusive ISA account is mentioned as 3.75% for balances upto £25000.

Appears a mistake as the main product page says nothing about any tier for the applicability of the 3.75%.

If you click on the question mark you’ll get a surprising (though thankfully incorrect) pop-up. Interest is paid once a year to my knowledge so this must have been forgotten about for some time by the web/app content team.