Virgin 1 Year Fixed Rate ISA 5.05%

clairec666

flaneurs_lobster said:

Odd account that VM fixed, been allowing me to add the odd few £££ throughout the term when I don't think it shouldah.

Interested in this as I have a 4.5% fix until December. How did you manage to add extra funds? Did you just make a deposit then hope for the best?

flaneurs_lobster

clairec666 said:

flaneurs_lobster said:

Odd account that VM fixed, been allowing me to add the odd few £££ throughout the term when I don't think it shouldah.

Interested in this as I have a 4.5% fix until December. How did you manage to add extra funds? Did you just make a deposit then hope for the best?

Yes, I managed to add £500 by mistake (meant to add to VM flexible ISA), deposit was not bounced. Added another couple of £1k deposits over a month or so, all still in place.

Obviously can only speak re my experience (so far), YMMV as it certainly seems not to be in keeping with the terms.

clairec666

flaneurs_lobster said:

clairec666 said:

flaneurs_lobster said:

Odd account that VM fixed, been allowing me to add the odd few £££ throughout the term when I don't think it shouldah.

Interested in this as I have a 4.5% fix until December. How did you manage to add extra funds? Did you just make a deposit then hope for the best?

Yes, I managed to add £500 by mistake (meant to add to VM flexible ISA), deposit was not bounced. Added another couple of £1k deposits over a month or so, all still in place.

Obviously can only speak re my experience (so far), YMMV as it certainly seems not to be in keeping with the terms.

Thanks - will keep this in mind if I magically find any spare cash to add to it!

flaneurs_lobster

The maturity details email for this ISA has arrived. I won't quote the whole thing since holders will get their own copy, but the headlines are below. That 4.11% EA ISA doesn't sound too bad, assuming it isn't going to decrease rate any time soon.

We’re getting in touch to let you know that your 1 Year Fixed Rate Cash ISA Exclusive Issue 14 paying 5.05% Tax Free‡/AER† will end on Friday 29 August 2025. This email details what happens when your account matures, and outlines your options. After maturity, we’ll automatically switch your account to an Easy Access Cash ISA Exclusive Issue 3 in line with your Terms.

About your new ISA Below is a summary of the new Easy Access Cash ISA Exclusive Issue 3: It pays a variable interest rate of 4.11% Tax Free‡/AER†. It’s flexible, so you can take money out and pay money back in, without affecting your annual allowance – although money can only be replaced in the same tax year. Each tax year, you can save up to your annual ISA allowance, which is £20,000 in the 2025/2026 tax year. You can only subscribe to one Virgin Money Cash ISA per tax year.

SnowMan

flaneurs_lobster said:

The maturity details email for this ISA has arrived. I won't quote the whole thing since holders will get their own copy, but the headlines are below. That 4.11% EA ISA doesn't sound too bad, assuming it isn't going to decrease rate any time soon.

We’re getting in touch to let you know that your 1 Year Fixed Rate Cash ISA Exclusive Issue 14 paying 5.05% Tax Free‡/AER† will end on Friday 29 August 2025. This email details what happens when your account matures, and outlines your options. After maturity, we’ll automatically switch your account to an Easy Access Cash ISA Exclusive Issue 3 in line with your Terms.

About your new ISA Below is a summary of the new Easy Access Cash ISA Exclusive Issue 3: It pays a variable interest rate of 4.11% Tax Free‡/AER†. It’s flexible, so you can take money out and pay money back in, without affecting your annual allowance – although money can only be replaced in the same tax year. Each tax year, you can save up to your annual ISA allowance, which is £20,000 in the 2025/2026 tax year. You can only subscribe to one Virgin Money Cash ISA per tax year.

Yes not too bad. It shouldn't decrease for at least 2 months, as if you look in the 'cash ISA exclusive terms' document linked to in the maturity email, in section 12 you will see

When it’s bad news...

We can pay you less interest on your money. We will normally only do this when we’ve got good reason to make such a change. 

We’ll let you know about the change at least two months before it happens

2010

Probably leave half in Virgin and transfer half to Shawbrook 1yr fix @4.31,%

TheBanker

flaneurs_lobster said:

The maturity details email for this ISA has arrived. I won't quote the whole thing since holders will get their own copy, but the headlines are below. That 4.11% EA ISA doesn't sound too bad, assuming it isn't going to decrease rate any time soon.

We’re getting in touch to let you know that your 1 Year Fixed Rate Cash ISA Exclusive Issue 14 paying 5.05% Tax Free‡/AER† will end on Friday 29 August 2025. This email details what happens when your account matures, and outlines your options. After maturity, we’ll automatically switch your account to an Easy Access Cash ISA Exclusive Issue 3 in line with your Terms.

About your new ISA Below is a summary of the new Easy Access Cash ISA Exclusive Issue 3: It pays a variable interest rate of 4.11% Tax Free‡/AER†. It’s flexible, so you can take money out and pay money back in, without affecting your annual allowance – although money can only be replaced in the same tax year. Each tax year, you can save up to your annual ISA allowance, which is £20,000 in the 2025/2026 tax year. You can only subscribe to one Virgin Money Cash ISA per tax year.

It's not a bad rate. I probably won't leave the money there long term (am likely to move it to S&S) but it avoids the need to take immediate action. Pleased to see Virgin are not dumping our money in an account paying 1% like some providers do. 

surreysaver

flaneurs_lobster said:

The maturity details email for this ISA has arrived. I won't quote the whole thing since holders will get their own copy, but the headlines are below. That 4.11% EA ISA doesn't sound too bad, assuming it isn't going to decrease rate any time soon.

We’re getting in touch to let you know that your 1 Year Fixed Rate Cash ISA Exclusive Issue 14 paying 5.05% Tax Free‡/AER† will end on Friday 29 August 2025. This email details what happens when your account matures, and outlines your options. After maturity, we’ll automatically switch your account to an Easy Access Cash ISA Exclusive Issue 3 in line with your Terms.

About your new ISA Below is a summary of the new Easy Access Cash ISA Exclusive Issue 3: It pays a variable interest rate of 4.11% Tax Free‡/AER†. It’s flexible, so you can take money out and pay money back in, without affecting your annual allowance – although money can only be replaced in the same tax year. Each tax year, you can save up to your annual ISA allowance, which is £20,000 in the 2025/2026 tax year. You can only subscribe to one Virgin Money Cash ISA per tax year.

Haven't had my email yet. It's a bit late sending out details now, as anyone on top of their ISAs would have put transfer requests in weeks ago with other providers!

flaneurs_lobster

surreysaver said:

It's a bit late sending out details now, as anyone on top of their ISAs would have put transfer requests in weeks ago with other providers!

True, but I bet a fair few people have been waiting for the culling after the last BoE rate cut to calm down so that the rates available are a bit more stable.

SnowMan

My Virgin fixed rate ISA matured yesterday on 29th August 2025

Interestingly they've credited interest on 29th August, that is showing this morning (Saturday 30th), but which has been calculated up to and including end of day interest on 31st August (Sunday) rather than 28th or 29th August (based on the traditional n/365 method calculation method). So probably the 4.11% interest on the easy access maturity account will start from and including 1st September and not 28th/29th August.