Investing made extra

Customers who hold or open a Virgin Money Stocks and Shares ISA and invest £5,000 or more online by debit card top up or transfer between 1 July 2024 and 30 September 2024, and open a 1 Year Fixed Rate E-Bond Exclusive (the “savings account”) may be eligible for a bonus payment at the maturity of the savings account provided they meet the terms of the offer.

The 1 Year Fixed Rate E-Bond Exclusive will apply a one-off bonus of 2% AER¹ /Gross² P.A. on qualifying savings at the maturity date. That's in addition to the fixed rate of interest on your savings account.

Qualifying savings are the amount in your savings account equivalent to what you’ve paid into your Stocks and Shares ISA online, by top up or transfer between 1 July and 30 September 2024. As long as that amount is £5,000 or more.

The bonus will be worked out on a monthly pro-rata basis if you open your savings account before 30 September 2024 – to allow for any payments made to your ISA up to that date.

You’ll only receive a bonus if you keep your ISA money invested until the maturity date of the savings account. If you make any withdrawals between 1 July 2024 and the maturity date no bonus will be paid. You’ll still receive the 1 Year Fixed Rate of interest of 4.65% AER¹ /Gross² P.A.

*Transfer applications must be made online and we must receive your payment by 30 September. Bear in mind when applying that transfers can take several weeks.

• 1. Add £5,000 or more to a new or existing Virgin Money Stocks and Shares ISA, between 1 July and 30 September 2024.
  • Top-up payments must be made online, by debit card.
  • Transfers to your Stocks and Shares ISA must be made online and the payment must be received by 30 September 2024.
• 2. Use the special link that we send you to apply for the bond by 7 October 2024.You'll have 7 days from opening the account to deposit your funds. Any deposits received after this period may be returned to you.
  • If you open a new Stocks and Shares ISA, we’ll send you the link in your ISA welcome email.
  • If you’re an existing Stocks and Shares ISA customer, then you’ll find the link in your Documents in your Online Service.

When the savings account matures, we’ll add a one-off bonus payment to it. This will be equivalent to 2% AER¹ /Gross² P.A. interest on qualifying savings. Qualifying savings is the equivalent of top-ups and transfers made online and paid into the Stocks and Shares ISA between 1 July and 30 September 2024. As long as that amount is £5,000 or more.

You’ll only receive a bonus if you keep all your ISA money invested until the maturity date of your savings account.

If you withdraw any money from your ISA between 1 July 2024 and the maturity date, no bonus will be paid. You’ll still receive the 1 Year fixed rate of interest, which is 4.65% AER¹ /Gross² P.A.

Offer eligibility and administration:

• This exclusive offer is only available to Virgin Money Stocks and Shares ISA customers and is limited to one savings account application per customer.
• The savings account may be opened in joint names, however the first name on the account must be the same as the Stocks and Shares ISA account holder.
• Each account is subject to status and separate eligibility criteria. The accounts are not linked. You’ll need to apply, and be accepted, for each account separately.
• Clydesdale Bank Plc (trading as Virgin Money) and Virgin Money Unit Trust Managers Ltd will use your personal information to help us run the offer. This includes information we hold around transaction history, your email address and name, to determine qualification for the offer.
• If something goes wrong, we’ll try to fix it. If we can’t because it’s something we can’t control, or it’s not our fault, then we may have to change the offer. This includes suspending the offer or ending it early. We can make such changes without giving you notice. However, we’ll try our best to avoid making changes. And we’ll try to minimise any disappointment to you when we make changes.
• We can withdraw the offer without giving you any advance notice, but we’ll try to give some notice if we can.
• English law applies to the offer.

The Virgin Money Stocks & Shares ISA

• Remember, the value of investments in a Stocks and Shares ISA can go up and down, so you may get back less money than you put in. Tax depends on your individual circumstances and regulations may change in the future.
• The Virgin Money Stocks and Shares ISA is provided by Virgin Money Unit Trust Managers Limited. Eligible investments are protected up to £85,000 under the Financial Services Compensation Scheme (FSCS).
• You can make withdrawals from a Virgin Money Stocks and Shares ISA at any time, however be aware that it is designed as a long-term investment product that you should intend to hold for 5 or more years. The Virgin Money Stocks and Shares is not a flexible ISA. If you withdraw money and replace it in the same tax year the replacement money will count towards your annual ISA allowance.
• If you make any withdrawals from your ISA between 1 July 2024 and the maturity date of your savings account no bonus payment will be made.
• Only online debit card top ups and online transfer applications made to your Stocks and Shares ISA count for this offer. Payments made by direct debit, phone or cheque don’t count.
• Remember to also check your annual allowance if opening or topping up your Virgin Money Stocks and Shares ISA. The annual ISA allowance for the 2024/25 tax year is £20,000 and this applies to the total payments you make to all ISAs you hold.

The 1 Year Fixed Rate E-Bond Exclusive

• The exclusive bond is provided by Clydesdale Bank Plc (trading as Virgin Money) who are separately covered by the Financial Services Compensation Scheme (FSCS providing protection up to £85,000 to the total of any deposits you have with: Clydesdale Bank, Yorkshire Bank and Virgin Money.
• Early closures or withdrawals are not permitted until after the fixed rate period. After the fixed rate period your account will become a variable rate account. However, we will email you before the end of the fixed rate period to let you know the options available to you, as well as advising you of the interest rate currently payable on the variable rate account.

• We are Virgin Money Unit Trust Managers Limited
• Our company number is 03000482
• Our registered office is Jubilee House, Newcastle upon Tyne NE3 4PL.

You need to open or already have a Stocks and Shares ISA with us before you can apply for the savings account. You must open your savings account by 7 October 2024, but you don't need to wait until then.

Just remember that while you’ll always earn the fixed rate of interest on your savings, you’ll only start to earn a bonus too once your ISA payments between 1 July and 30 September have reached the £5,000 minimum. If you add money to your ISA between those dates, we'll calculate the bonus on the amount in your ISA at the end of each calendar month.

Sorry, no. This offer only applies to 1 Year Fixed Rate E-Bond Exclusive accounts opened 08 July 2024 until 07 October 2024.