The Virgin Saver
An online savings account that keeps giving
Make more money with a high variable introductory savings rate of 6.75% p.a.
The Virgin Saver also offers a very competitive variable ongoing rate of 5.35% p.a. and absolutely no fees, whatsoever.
Features
Savings calculator
No fees, whatsoever
Security
With the Virgin Saver, your savings are looking up
- An impressive variable introductory interest rate of 6.75% p.a.* for the
first 4 months on balances under $1 Million. - A variable ongoing interest rate of 5.35% p.a. That’s a great rate - compare for yourself
- No fees…whatsoever
- Direct access to your savings 24/7
- Savings of up to $1 million dollars are covered by the Australian Government Guarantee through our alliance with Citibank#.
What you get at a glance
Earn interest on your interest so your money works harder for you
An Automatic Savings Plan helps maximise your savings
Salary direct crediting can fast-track the way you save
See for yourself how we compare with other providers
Watch your savings add up
We’ve created a savings calculator to help you to work out how much you need to save each week, fortnight or month to reach your savings goal, sooner. Once you’ve worked out how much you need to save, you can set up your Automatic Savings Plan and have your money transferred into your savings account, automatically. If your savings goals change for any particular reason, you can use the calculator to adjust your plan.
If you see this message one of the following occurred:
- You have javascript disabled. You need to have javascript enabled for the calculator to be loaded correctly (for instructions on how to enable javascript please click here)
- You have Flash Player of version 5 or lower.
- You have no Flash Player installed.
Disclaimer: The calculator is supplied by InfoChoice Ltd for illustrative purposes and shouldn’t be relied upon as an exact reflection of the Virgin Saver product. The projected savings amount assumes interest is calculated and paid at the same frequency at which deposits are made. The default interest rate shown is the current Virgin Saver variable ongoing rate. The interest rate entered is assumed to stay constant over the entire period. This projection does not take into account any fees, taxes or inflation. Introductory interest rates may apply to an account and could change at any time.
No one likes fees, so we’ve taken them out
That’s right - no fees…whatsoever with the Virgin Saver. And you can freely transfer money between Virgin Saver and your Nominated Linked account, as often as you like. For free.
One thing we’ll never take away from you is your interest - we won’t penalise you by reducing the interest you can earn if you withdraw money within the month. With Virgin you can withdraw what you like, when you like.
Fees at a glance
| Fees | Zip, Zero, Zilch, Nada |
| Deposits | Free |
| Withdrawals | Free to your linked account |
As a Virgin Saver, your money is protected
Through our alliance with Citibank, savings of up to $1 million dollars are covered by the Australian Government Guarantee#.
Your online security
We’ll always do everything possible to keep your transactions safe and secure. We have a secure online system that is specially encrypted to make sure all of your details stay completely confidential. Virgin Money Online is also monitored by a dedicated team of security personnel around the clock – that’s right, 24/7. It’s your assurance of Virgin’s online protection for your money.