Feedback on Virgin Club M packaged account

morgmonster

Hi, I'm just after some feedback good/bad on specifically Virgin's packaged account (Club M). I already have their 10% reg saver so have a login already. 
Our car passing it's 10th birthday last year has made us look again at our breakdown insurance after auto-renewing Autoaid for the past 20 years. (They charge an extra fee for callouts to cars over 10). We also have a couple of driving trips to Europe booked in this year which we usually buy individual Europe breakdown policies for, again they are more expensive for an "elderly" car like ours. I think we'd about break even on Virgin's offering at £12.50/m just for the breakdown cover and then the addition of worldwide family travel insurance including winter sports leaves us quids in. We have 3 kids, a few minor pre-existing conditions that I'm sure wouldn't cause a problem once disclosed, and my husband usually buys a separate policy for his annual snowboarding holiday. We won't actually need the travel insurance til next Jan, as our existing policy covers us til then, but the breakdown cover ends this week.
I'm not planning to actually use the current account as am pretty happy with our Santander set up, can't see any T&Cs which mandate us paying in any money or doing anything with the account (apart from making sure we cover the monthly fee).

Any thoughts? Or things I need to be careful of? We've never had an account like this before!

FLAMPARD

Is the 10% still available mine has 2 months left and want to take out another if it’s available 

Nasqueron

FLAMPARD said:

Is the 10% still available mine has 2 months left and want to take out another if it’s available 

It was a loss leader that went live not too long after the time of their switch (with the 12% interest up to £1000 rather than a £120 payment). They have a 6.5% one on the site now, fixed until 29/5/26, £250 a month

35har1old

Nasqueron said:

FLAMPARD said:

Is the 10% still available mine has 2 months left and want to take out another if it’s available 

It was a loss leader that went live not too long after the time of their switch (with the 12% interest up to £1000 rather than a £120 payment). They have a 6.5% one on the site now, fixed until 29/5/26, £250 a month

Only allowed one at a time you will have to wait to July

powerful_Rogue

I set mine up last month after Nationwide raised their price to £18 a month.

I don't use the Virgin account, just transfer in £15 a month to cover the £12 fee.

Nasqueron

35har1old said:

Nasqueron said:

FLAMPARD said:

Is the 10% still available mine has 2 months left and want to take out another if it’s available 

It was a loss leader that went live not too long after the time of their switch (with the 12% interest up to £1000 rather than a £120 payment). They have a 6.5% one on the site now, fixed until 29/5/26, £250 a month

Only allowed one at a time you will have to wait to July

Oh for sure, but if the Co-Op one remains at 7% then it's better value as the cap is the same