Image of Ella Mower

Ella Mower

Senior Content Writer
Published: 09/07/2024
Exterior of a Virgin Money branch

New and existing Virgin Money Stocks and Shares ISA customers can benefit from an exclusive bonus rate on their cash savings.


Virgin Money today launched a new 'bonus offer', granting its Stocks and Shares ISA customers exclusive access to a bonus rate on their cash savings. As a result, you could earn 6.65% AER with the provider’s 1 Year Fixed Rate E-Bond Exclusive. We explain how:

The offer explained

In order to get the bonus rate on your cash savings, you must first pay at least £5,000 into a new or existing Virgin Money Stocks and Shares ISA between 1 July and 30 September – either by debit card or ISA transfer.

You’ll then need to open Virgin Money’s 1 Year Fixed Rate E-Bond Exclusive savings account before 7 October 2024. While this account currently pays 4.65% AER, Stocks and Shares ISA customers who meet the above conditions will unlock a 2.00% AER bonus for the full term – boosting the rate to 6.65% AER.

It should be noted this bonus rate only applies to balances equivalent to the amount paid into your Stocks and Shares ISA during the qualifying period. For instance, if you invested £10,000, you’d earn 6.65% AER on deposits up to £10,000 held in the one-year fixed savings account – with the underlying rate of 4.65% AER applied to any higher amounts.

Similarly, you’d also receive the underlying rate if you were to withdraw funds from the Stocks and Shares ISA before the savings account matures; to obtain the bonus rate, you must therefore leave your money invested.


More on Virgin Money’s Stocks and Shares ISA

Virgin Money’s Stocks and Shares ISA offers three approaches to investing based on your personal attitude towards risk.

The ‘Cautious Growth approach’ comes with less risk in exchange for slower, steadier growth, while the ‘Balanced Growth approach’ may suit slightly more confident investors looking for a compromise between risk and reward. Meanwhile, the ‘Adventurous Growth approach’ has the highest earning potential but is the riskiest – those opting for this path must be willing to accept greater fluctuation.

Whichever approach you choose, this account comes with two charges: an Account Charge of 0.30% and an Annual Management Charge of 0.45%. Find out how it fares against other Stocks and Shares ISAs.

Is the offer worth it?

The bonus offer may appeal to savers looking to broaden their portfolio; according to Jen Adams, Chief Commercial Officer at Virgin Money, it “provides the best of both” to customers wanting to offset the unpredictability of investing by receiving guaranteed returns on a lump sum.

However, while Rachel Springall, Finance Expert at, agreed the new offer “looks tantalising”, she encouraged those interested to carefully check the eligibility criteria and to take heed of the risks involved when investing.

“Those considering Stocks & Shares must keep in mind that past performance is never guaranteed to be reflected in future returns, so it’s crucial investors are comfortable with their attitude to risk”, she explained.

Risk averse savers may feel more comfortable exploring traditional savings accounts or cash ISAs, with many of the market-leading accounts in these sectors continuing to offer 5.00% AER or more.


Should you invest in a Stocks and Shares ISA?

A Stocks and Shares ISA allows you to invest in the stock market without worrying about paying tax on any earnings.

However, while this type of account offers the potential for greater returns than a cash ISA over the long run, it’s important to remember your capital is at risk when investing. Past performance isn’t indicative of future returns, and there is a possibility you could lose money.

Having understood the risks involved, you can find out more information and compare providers using our Stocks and Shares ISA chart.


Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice. will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by will always be from Be ScamSmart. will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by will always be from Be ScamSmart.