Conquer your savings goals with a savings account that packs a high-interest punch: Virgin Money Grow Saver.

Up to 0.65% p.a.

Get up to 0.65% p.a. when you make at least 1 deposit and no more than 1 withdrawal each month4.

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 Scheme22.

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.)
Base Interest Rate 0.10%
Bonus Interest Rate 0.55%
Highest Variable Interest Rate (Base plus Bonus Interest Rates) 0.65%

Important Information on Bonus Interest for Grow Savers:

  • The highest variable interest rate (Base Interest Rate plus Bonus Interest Rate) for a month can be activated by simply making 1 deposit and no more than 1 withdrawal in that month.
  • To activate Bonus Interest Rate on a particular account you must meet these conditions on that account.

For more information on our limits, fees and charges please click here.

Ready to get started?    Open an account now

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, use them to erase purchases15 you’ve already made, 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 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 (once you meet the Monthly Criteria), then check out the benefits here.

  • 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).