Virgin Money Savings Account


Earn up to 2.30% p.a. on the Virgin Money Grow Saver when you switch on Lock Saver Feature – perfect for those long term savings goals. Monthly Criteria, 32 days' notice period and T&C’s apply.35

Open an account in minutes

With a high variable interest rate

2.00% p.a.
Base + Bonus interest rate when you meet the Monthly Criteria4
0.30% p.a.
Notice interest rate with the Lock Saver Feature enabled35
Up to 2.30% p.a.
Highest variable interest rate35

*Highest variable interest is earned on your Grow Saver when you meet the Monthly Criteria and enable the Lock Saver Feature. 32 day notice period and T&C's apply35


Features and benefits

Conquer your savings goals with a savings account that packs a high-interest punch.

Save smarter

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

Save together

Join all your savings and benefit together with a Joint Account.

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 simple35

Find out more

Interest Rates & Monthly Criteria

Keep the good times rolling

This savings account packs a high-interest punch without the need for an everyday account. There’s no balance limit on a Virgin Money Grow Saver, you just need to meet the Monthly Criteria each month. Here's what you need to do:

Rate type Interest Rate (p.a.)

Highest Variable Interest Rate of
2.30% p.a.

This is made up of the variable Base rate of 0.05%p.a., Bonus rate of 1.95%p.a. and the Notice Interest Rate of 0.30%p.a. 

Base Interest Rate


Bonus Interest Rate

Additional variable interest rate earned on your Grow Saver when you meet the Monthly Criteria of at least 1 deposit and no more than 1 withdrawal in that month.


Notice Interest Rate

Additional variable interest rate earned on a Grow 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 immediately access. 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

Drum roll…Introducing Virgin Money Rewards

It’s new and it’s all you. Virgin Money Rewards3 is all about rewarding you, your way. It neatly bundles Virgin Money Points, epic perks and great some experiences.

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 your birthday, reaching a milestone, or just to say thanks3.

Boost your rewards

Earn bonus points with loads of red hot partner offers12 and in app hotel bookings at great prices21.

Use your points your way

Transfer them for cash14 back into your account or 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 good money habits and have some fun along the way (no push-ups required).

Get clever insights and real-time alerts

Set up to 9 personal savings goals

Save like a pro with Round Ups if you have our everyday Virgin Money Go Account6

Amazingly simple banking

Designed for mobile, made for you.

Our intuitive app puts your money in your hands.

All your money stuff right at your fingertips

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

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

Looking for a higher-interest savings account?


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

  • Q. What’s the difference between a Virgin Money Grow Saver and a Virgin Money Boost Saver?

    The Virgin Money Boost Saver is our highest interest savings account that’s a perfect pair with a seriously rewarding everyday bank account – the Virgin Money Go Account. If you don’t need an everyday bank account then the Virgin Money Grow Saver could be for you. But if you love rewards and want to score Virgin Money Points on your everyday purchases, direct debits and BPAY payments, PLUS a higher interest savings account, then check out the benefits for the Virgin Money Go Account.

  • Q. Do I get access to Virgin Money Rewards with my Virgin Money Grow Saver?

    Yep. You’ll be able to earn Virgin Money Points through loads of partner offers and hotels that you book with us, as well as access to perks from other Virgin businesses. You just won’t get the whole shebang of Virgin Money Rewards unless you open a Virgin Money Go Account.

    Discover more about Virgin Money Rewards

  • Q. Do I have to download the app 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).