Virgin Money offers ‘top pick’ 2.02% interest rate on savings plus £150 free gift | Personal Finance | Finance

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CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY


While the Bank of England’s recent savings rate increase should have been good news for savers bank accounts have been slow to follow suit.

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

Financial journalist Martin Lewis is encouraging anyone with a savings rate of 0.7 percent or lower to consider switching savings accounts.

Among his recommendations on his MSE website, he names the Virgin M Plus Account which offers an attractive rate of 2.02 AER.

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

However, there is a catch – the 2.02 interest rate is only available on the first £1,000 saved, after that it decreases to 0.35percent.

READ MORE: Inheritance tax alert as Britons ‘accidentally’ give away thousands

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CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

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