Account overview
Virgin Fixed Rate Bond (Issue 12)
Our Virgin Fixed Rate Bond offers a fixed rate of interest so you know exactly how much you’ll earn during the fixed term. Please note that the monthly option provides a slightly lower interest rate of 3.26% Gross2 / 3.30% AER1. Learn more about Fixed Term Bonds
The Virgin Fixed Rate Bond is provided by Northern Rock. Any deposits made into this account are covered by the Financial Services Compensation Scheme (FSCS) up to £85,000 across all the eligible depositor's accounts with Northern Rock plc. For further information about the scheme refer to the FSCS website www.fscs.org.uk.
The Virgin Fixed Rate Bond is provided by Northern Rock. Any deposits made into this account are covered by the Financial Services Compensation Scheme (FSCS) up to £85,000 across all the eligible depositor's accounts with Northern Rock plc. For further information about the scheme refer to the FSCS website www.fscs.org.uk.
- Rate
- 3.30% AER1 3.30% Gross2 P.A.
- Term/Notice
- Fixed until 1st May 2015
- Access
- Branch Postal
- Minimum balance
- £1
- Maximum balance
- £1,000,000
Account details
- Minimum age
- 16
- Introductory bonus
- None
- Interest paid
- Monthly or Annually
- Interest type
- Fixed
- Withdrawals allowed
- No withdrawals during the fixed rate period
- Notice period
- Not Applicable
- Minimum balance
- £1
- Minimum withdrawals
- 0
- Minimum additional deposits
- £1
- Strictly limited issue
- Yes
See how much your money could grow with our Bond calculator
Estimated growth over 3 years...
You can choose to have your interest paid monthly or annually with this Bond.
| Annual | Gross?2 | Net4 |
|---|---|---|
| Estimated interest | ||
| Estimated total amount |
| Monthly | Gross?2 | Net4 |
|---|---|---|
| Estimated interest | ||
| Estimated total amount |
Important notes:
- The illustration is calculated over the full term of the account and is based on the current rate for this Fixed Rate Bond providing you deposit this amount and no withdrawals are made
- The figures shown for the monthly interest option make the assumption that the interest earned is paid out of the account.
- The illustration does not take higher-rate tax and additional-rate taxes into account.
- Please note, the figures provided are estimates for illustrative purposes only and are not guaranteed.
- For further details, please take a look at the Key Product Information
Ready to apply?
Great, let’s get the ball rolling. Take a look at the ways you can apply for this savings account.
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Virgin Money is a trading name of Northern Rock plc. This account is a Northern Rock product and so your deposit will be held with Northern Rock plc. For further information about the Financial Services Compensation Scheme (FSCS), please refer to the Key product information sheet or contact us on 0845 600 4575*.
- 1 AER stands for the Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance? each year.
- 2 Gross P.A. is the rate of interest paid to eligible non-taxpayers without the deduction of tax.
- 4 Net is the annual rate of interest payable after deduction of basic rate income tax (currently 20%). Interest will be paid net or, if we receive the necessary declaration from you, gross. Where the tax deducted exceeds your tax liability (if any) you may make a repayment claim to HM Revenue & Customs. If your income falls within the basic rate band the tax deducted will match your tax liability on the interest and you will have nothing further to pay. If you are liable to tax at the higher rate(s) you will have an additional tax liability. For more information please visit www.hmrc.gov.uk/individuals/babsi.htm.
- * Call our UK-based Contact Centre between 8am to 8pm business days, 8am to 4pm Saturday and 10am to 3pm Sunday. Calls are charged at your service provider’s prevailing rate and may be monitored and recorded.