Virgin Money savings deal offers up to £105 interest

Virgin Money has launched a new Regular Saver Exclusive account offering a market-leading fixed rate of 6.50% AER until September 30, 2027, allowing eligible customers to earn up to £105.87 in interest over 12 months. The deal requires a £250 monthly deposit limit, with the bank's example showing £3,000 paid in over a year growing to £3,105.87. It is available to existing Virgin Money current account holders and new customers opening an eligible account, though withdrawals cannot be replaced in the same month. The account, owned by Nationwide, can be managed via app, online, phone, or branch, and is a limited-issue product. Interest is a gross rate and may be taxable depending on the saver's Personal Savings Allowance.