High interest savings account


Open our highest interest savings account; the Virgin Money Boost Saver, to earn up to 5.35% p.a. when the Lock Saver Feature is switched on. Monthly Criteria, 32 days' notice period and T&Cs apply.34

Open an account in minutes

Our highest interest savings account

Up to 5.05% p.a.
Base + bonus interest rate when you meet the Monthly Criteria2
0.30% p.a.
Notice interest rate with the Lock Saver Feature enabled34
Up to 5.35% p.a.
Highest variable interest rate*

*Highest variable interest is earned across all your boost savers up to a combined total balance of $250,000 when you meet the Monthly Criteria and enable the Lock Saver Feature. 32 day notice period and T&Cs apply34


Features and benefits

A high interest savings account bundled with a seriously rewarding everyday transaction account. Smash your savings goals, your way.

Save smarter

Set up to 9 personalised savings goals, get clever insights and real-time alerts to help you build good money habits.

Round up to save up

Switch on the Round Up feature to save every time you make a purchase with your linked everyday Go Account. Saving made easy!6

Linked debit account

The Boost Saver comes linked with our seriously rewarding Everyday Go Account. It’s a debit card that rewards you with points on every purchase. T&Cs apply.1

Save securely

Feel safe knowing your deposits are guaranteed up to $250,000 per customer by the Australian Government’s Financial Claims Scheme.22

Ready, set, lock

Holiday, new home, new car? Give your savings an extra boost with our newest Lock Saver Feature.

Earn an additional 0.30% p.a. variable Notice Interest Rate on those long-term savings goals. When you need access to your funds or want to make a withdrawal or transfer, just give us 32 days’ notice. It’s that simple34

Find out more

Interest Rates & Monthly Criteria

Keep the good times rolling

To earn bonus interest on your Virgin Money Boost Saver, simply meet the following criteria each month to activate your bonus interest benefit for the following month.

Rate type Interest Rate (p.a.)

Highest Variable Interest Rate of
5.35% p.a.

This is made up of the variable Base rate of 0.05% p.a., Bonus rate of 5.00% p.a. and the Notice Interest Rate of 0.30% p.a.  

Base Interest Rate


Bonus Interest Rate and Monthly Criteria

Additional variable interest rate earned on all your Boost Savers, up to a combined total balance of $250,000, in the same name as your Go Account when you meet the Monthly Criteria each month:

  • Deposit at least $1,000 into your Go Account from another financial institution.
  • Make at least 5 purchases on your Go Account that settled in that month (not pending).

When the Monthly Criteria is met in a calendar month, the Bonus Interest rate will apply in the following calendar month.

There are no Monthly Criteria requirements if you are under 18. 


Notice Interest Rate

Additional variable interest rate earned on a Boost Saver where the optional Lock Saver Feature is enabled.

  • Provide 32 days’ advance notice to unlock your account or withdraw your money.

This feature may be suitable for savings you don’t need to immediate access to. For more information, go to our Lock Saver Feature website page.



For more information on our limits, fees and charges, please visit our rates & fees page.

Start banking like never before

Rewards like never before

Better rewards, better banking

Virgin Money Rewards3 is all about rewarding you, your way. Available on our transaction and savings accounts, it bundles Virgin Money Points, epic perks and great experiences. And you’ll be able to bank, spend and save in all the ways you’d expect – on one sweet, simple app.

Rewards your way

Be rewarded when you spend – and when you don't!3

Rewards every day not just someday

We love the little things, just as much as the big things. So don't be surprised if we reward you with points, perks or great experiences for things like reaching a milestone, or just to say thanks.3

Boost your rewards

Earn bonus points with loads of red hot partner offers12 and in app hotel bookings at great prices.21

Use your points your way

Transfer them for cash14 back into your account, use them to pay for purchases you've already made15, or even redeem them for a gift card from your favourite brand16 – it’s up to you. Now that’s rewarding.

Get money fit

Getting money fit shouldn’t make you sweat. We’ll be your virtual cheer squad, helping you build better money habits and have some fun along the way (no push-ups required).

Easily track and categorise your spending

Know when your bills are coming up

Switch on the Lock Saver Feature to earn additional interest on your long term savings goals34

Round Up6 your spare change to save like a pro

Get clever insights and real-time alerts to help build good money habits faster

Set up to 9 personal savings goals

Amazingly simple banking

Designed for mobile, made for you.

Our intuitive app puts your money in your hands.

Set up your digital wallet, link Apple Pay7, Google Pay9 & Samsung Pay8 and start spending straight away

Pay your mates and transfer money instantly with Pay ID and Osko

Log in securely with fingerprint or face ID – just tap or smile

We’re always close by with in-app customer service chat

Get rewarded today with 5,000 Bonus Virgin Money Points5

Get rewarded every day when you take out a new Virgin Money Go Account and bundled Boost Saver. Plus, we’ll give you 5,000 Bonus Virgin Money Points when you make at least one debit card purchase, direct debit or BPAY payment in your first 30 days (purchases must be settled, not pending).5 That’s enough for a $20 gift voucher with loads of partners.24

Offer ends 31/07/24. New customers only. 

Get Go'ing today


Still have some questions? Let’s see if we can answer them for you now.

  • Q. Do I have to download the app in order to apply for my account?

    In short: yes and no. You can apply for an account through either the Virgin Money mobile app or our website. But you’ll need to download the app to manage your account.

    We’ve designed the Virgin Money mobile app so you can bank like never before. It’s amazingly simple banking, so you can manage your money simply and securely, wherever and whenever you are. Give it a try! (And if you don’t love it, tell us why and we’ll do everything we can to make it better for you).

  • Q. Can I get a Virgin Money Boost Saver without a Virgin Money Go Account?

    Sorry, no. You can’t get a Boost Saver without a Go Account. But you can get rewards on your everyday purchases with our Go Account and a high interest savings accounts to help you manage your money your way. There aren’t many banks that reward you for everyday purchases in your bank account, but we do! And with no monthly fees.

    If you don’t need an everyday bank account, but still want the perks of a dedicated savings account, check out our Virgin Money Grow Saver, which is our next highest interest savings account. Check it out here. Check it out here

  • Q. When will my bonus interest get applied on my Virgin Money Boost Saver?

    Your bonus interest will be activated on the first day of each month when the Monthly Criteria has been met in the previous month. Keep in mind, if you are making your 5 purchases to activate your bonus interest, your purchases will need to settle (that means not ‘pending’) in your account that month. If it’s still pending at the end of the month, the bonus interest won't be activated.