All news and releases

Virgin Money collaborates with Hive to introduce innovative mortgage product supporting customers to be more energy efficient

Virgin Money collaborates with Hive to introduce innovative mortgage product supporting customers to be more energy efficient

Great Interest for Investors

Customers investing in a Virgin Money Stocks and Shares ISA can access a market-leading Fixed Rate E-Bond Exclusive paying 6.65% on cash savings

Virgin Money’s AI-powered virtual assistant, Redi, now available for current account customers

Virgin Money’s AI-powered virtual assistant, Redi, is being expanded to more customers, having already supported over one million conversations since its launch in March 2023.

Pocket money inflation: Virgin Money research finds average weekly allowance for 8-16 year olds reaches £9.33 as new bank account for Generation Alpha opens

Virgin Money launches M Power, a brand-new youth account for 11 to 17 year olds to support financial independence.

Experian announces strategic partnership with Virgin Money to streamline and personalise digital customer experience

Experian announces strategic partnership with Virgin Money.

Virgin Money rewards new pension customers with up to 125,000 Virgin Points

Virgin Money rewards new pension customers with up to 125,000 Virgin Points

New customer data shows holiday spend take off during spring

A damp and dull start to 2024 has impacted consumer spending habits, according to the latest Virgin Money current account lifestyle spending data.

Virgin Money UK PLC: Interim Financial Report 2024

Half Year Results 2024

56% of Brits reveal they feel comfortable talking to friends about money – and why we’re more candid now than five years ago

New research commissioned by Virgin Money reveals changing attitudes to money and less taboo around discussing the subject with friends and family compared to five years ago.

H1 2024 Trading Update

The Group has delivered continued business momentum during H1, supported by ongoing strategic execution, with trading in Q2 broadly as anticipated.

Virgin Money launches new current account switching offer with a 10% bonus interest rate

From today, Virgin Money’s new current account offer gives switchers to all three current accounts – the Virgin Money M Account, M Plus Account and Club M Account – a bonus interest rate of 10% gross/10.47% AER (fixed) on current account balances up to £1,000 for a whole year from 1st July 2024 to 30th June 2025.

Virgin Money supports the UK’s transition to renewable energy with £26m funding for new Herefordshire solar farm

Virgin Money is providing £26m of long-term funding for the development, construction and operation of a major new 45MW solar park in Herefordshire.

Recommended cash acquisition of Virgin Money UK PLC

Rule 2.7 announcement on the recommended cash acquisition of Virgin Money UK PLC by Nationwide Building Society.

New research from Virgin Money reveals four in ten Brits believe that investing is only for ‘wealthy people’

A digital artist has used AI to create images of what Brits think a stereotypical ‘investor’ would look like – including wearing a crisp, well fitted suit and a Rolex watch. It follows research of 2,000 adults which found four in 10 believe investing is only for ‘wealthy people'

Wet winter prompts Virgin Money customers to prioritise nights in and holiday bookings

A wet and mild winter heavily influenced consumer spending habits according to the latest Virgin Money current account lifestyle spending data.

Potential cash acquisition of Virgin Money UK PLC

Joint statement regarding a potential cash acquisition of Virgin Money UK PLC by Nationwide Building Society.

Virgin Money launches innovative mortgage product with Own New to make new-build purchases more accessible and affordable

Virgin Money will offer reduced mortgage rates for new-build customers, teaming up with Own New as a launch partner for its innovative ‘Rate Reducer’ product, available from Monday 26 February.

Virgin Money agrees to buy out abrdn and take full ownership of investments joint venture to accelerate future growth

Virgin Money is to purchase abrdn’s 50 per cent stake in their joint venture, Virgin Money Investments, following the successful launches of its new investment and pension services for customers.

How to create an A-List wedding without blowing the budget

Valentine’s Day is approaching, and love is well and truly in the air, especially for recently engaged couples such as Channing Tatum and Zoe Kravitz and Ed Westwick and Amy Jackson. Not every newly-engaged couple will have a celebrity budget available, so Katy Simpson, personal finance expert at Virgin Money, and Chloe, founder of Chloe’s Deal Club, are sharing their top tips on how to create a magical yet budget-friendly wedding.

Double Virgin Points for new Virgin Atlantic Reward+ Credit Card customers

Virgin Red and Virgin Atlantic Flying Club members can now earn double Virgin Points with the Virgin Atlantic Reward+ Credit Card when they apply for the card between 5 February and 4 March 2024.

Virgin Money UK PLC First Quarter 2024 Trading Update

Virgin Money introduces new self-certification scheme to help businesses highlight their commitment to sustainability

Virgin Money has introduced a new self-certification scheme to its Sustainable Business Coach, designed to help businesses better demonstrate their commitments to sustainability and get on the path to achieving their environmental and social goals.

Virgin Money launches first five-year fixed rate mortgage with flexibility to switch after two years

Virgin Money launches a brand-new innovative mortgage product – Fix and Switch – offering customers the security and certainty of an interest rate fixed for five years, but with the flexibility of being able to switch to another product with no early repayment charge after just two years.

Virgin Money chooses Mind and SAMH as new charity partners to improve support for people experiencing financial worry

Virgin Money has chosen mental health charities Mind and SAMH (Scottish Action for Mental Health) as new corporate charity partners.

Virgin Money and Good Things Foundation team up to support millions of households facing digital exclusion across the UK

Virgin Money and the UK’s leading digital inclusion charity, Good Things Foundation, have teamed up to help millions of people facing digital exclusion across the nation

Virgin Money helps IoT leader with multi-million pound growth funding package

Eseye, a leading provider of technology services for the global Internet of Things (IoT) market, has finalised a £10 million growth funding package with Virgin Money that will help the business spearhead its continued plans for growth in 2024 and beyond.

New data reveals spending on style and wellbeing takes priority in the lead up to Christmas

New customer spend data from Virgin Money shows that Brits were choosing to prioritise spending on style and wellbeing this autumn, in the spirit of treating themselves and loved ones ahead of the festive season.

Virgin Money UK PLC Full Year Results 2023

Virgin Money introduces new search tool to help people access free financial support grants

Virgin Money introduces new search tool to help people access free financial support grants.

Virgin Money launches new pension for a brighter retirement

Virgin Money has launched a new pension, which includes two straightforward choices – Navigator and Self Drive – that help customers take control of their future and grow their money for a brighter retirement.

Independent Scottish organic whisky distillery Nc’nean secures new funding package

Nc’nean Distillery Limited has secured a Virgin Money funding package with the backing of UK Government department UK Export Finance (UKEF) to help the independent distillery grow in North American markets.

Virgin Money helps South Yorkshire customer Advanced Engineering Techniques Ltd make substantial energy savings.

Virgin Money’s Yorkshire and North East Strategic Finance team has funded Advanced Engineering Techniques Ltd (AET) purchase of solar panels by way of an asset backed facility for their 65,000 square foot manufacturing facility in Sheffield.

New funding package supports Yorkshire business in developing sustainable solutions for global infrastructure and energy markets

Rosehill Polymers Group has finalised a multi-million-pound deal with Virgin Money and UK Export Finance

Brits reveal they feel in control of their money and are prioritising saving over spending

New research from Virgin Money reveals how Brits are really feeling about their savings in the current climate, as well as their general attitude towards their finances.

Investing in Natural Capital

Virgin Money support the world's first carbon negative tree nursery in Kirkcaldy

Virgin Money summer spend trends

Brits continue to prioritise eating out and holidays alongside saving for the future.

Rising costs threaten UK food production

The latest annual survey carried out by Virgin Money highlights growing concern in the UK Agri industry over input costs, which may cut production as a result.

Financial independence: Study finds 60% of parents do not worry about their child managing money at university

Personal finance expert, Katy Simpson, explains how you can teach your kids financial independence at university.

Virgin Money’s commitment to supporting customers

At Virgin Money we have a clear purpose of Making You Happier About Money. We have 6.5m personal, business and mortgage customers who are impacted by the rising interest rate and inflation environment.

Here’s what we’re doing to help…

Virgin Money changes mortgage rates following August Bank of England rate increase

Virgin Money has confirmed changes to its mortgage variable revert rates, following the announcement of an increase in the Bank of England base rate of 0.25% on 3 August.

Virgin Money increases interest rate on Easy Access Cash ISA Exclusive and launches new 1 Year Fixed Rate Cash ISA Exclusive

Virgin Money has increased the interest rate on one of its popular savings accounts, the Easy Access Cash ISA Exclusive, and launched a new 1 Year Fixed Rate Cash ISA Exclusive.

New research reveals Brits are changing their spending habits to earn points to treat themselves

Boost your points with the Virgin Atlantic Credit Card to spend across hundreds of rewards

Virgin Money UK PLC: Third Quarter 2023 Trading Update

Virgin Money UK PLC: Third Quarter 2023 Trading Update

Virgin Money appoints Allegra Patrizi Managing Director Business and Commercial

1 August 2023

Virgin Money changes mortgage rates following June base rate increase

Virgin Money has confirmed changes to its mortgage variable revert rates, following the announcement of an increase in the Bank of England base rate of 0.50% on 22 June.

Personal finance expert shares how you can still have a summer of fun during the cost-of-living crisis

Personal finance expert shares how you can still have a summer of fun during the cost-of-living crisis

Virgin Money increases interest rates on popular savings accounts for the second consecutive month

Virgin Money is helping savers make the most of their money by raising the interest rate on some of its popular savings accounts for the second month in a row – the current account linked saver and the Easy Access Cash ISA Exclusive.

Virgin Money announces changes to store network

Virgin Money has announced plans to close 39 stores as it adapts to changing customer demand.

Virgin Money raises interest rates on three fixed-rate savings products

Virgin Money is helping savers make the most of their money by increasing the interest rate on three of its fixed-term savings products for the third time in three weeks

New data shows spending on experiences soared during spring

New customer spend data from Virgin Money shows customers have been making the most of the longer days, with a considerable increase in spending on eating out and holidays between March and May 2023, compared to the previous year.

Virgin Money funds pioneering Ripple Energy wind farm

Virgin Money has completed a new £14m deal to support Ripple Energy in the development of a pioneering new 18.8MW wind farm in Ayrshire, Scotland

Virgin Money raises interest rates to offer three market-leading fixed-rate savings products

Virgin Money is helping savers make the most of their money by increasing the interest rate to a market-leading offer on three of its fixed-term savings products

People with cancer urged to access support as thousands are burdened with financial worry

People living with cancer are being urged to reach out for support, after new research shows hundreds of thousands are worried about the financial impact of a diagnosis but are not speaking to their bank or building society about their concerns or the support available to them.

Virgin Money changes mortgage rates following March and May base rate increases

Virgin Money has confirmed changes to its mortgage variable revert rates, following the announcement of an increase in the Bank of England base rate of 0.25% on 23 March and a further 0.25% on 11 May.

Virgin Money raises interest rates on popular savings products

Virgin Money is helping savers make the most of their money by raising the interest rate on some of its popular savings products – the linked savings accounts and the Easy Access Cash ISA Exclusive.

88% of Brits say money worries keep them awake: Here’s how to avoid sleepless nights

The cost-of-living crisis means that money worries are increasingly widespread. For most people, this is causing sleep disruption, with nearly nine in 10 (88%) Brits saying that thoughts about money impact their sleep in some way.

Bridging the digital divide: Virgin Money and Good Things Foundation roll out National Databank across the UK

Virgin Money is boosting the support available to people living in digital poverty by rolling out the innovative National Databank programme into more of its stores across the UK.

Virgin Money UK PLC Interim Results 2023

Mind the ‘fear gap’

New study defines actual and perceived risk to boost Brits’ confidence around investing.

Virgin Money makes investing simpler for everyone with new straightforward investment service

Virgin Money has launched a new investment service, comprising a new digital platform with a range of straightforward investment products.

“It’s not about the money, money, money” - Gen Z job hunters want flexibility more than cash

New research from Virgin Money reveals Generation Z and Millennials prioritise flexibility and a better work-life balance when looking for a new job.

Flex to impress: Virgin Money proves flexibility is the key to attracting and retaining talent

Virgin Money is proving flexible working is good for business, after new data reveals the number of applications to each vacant role at the bank has more than tripled (+211%), while employee attrition has halved (-57%), one year on from the launch of its flexible working package, ‘A Life More Virgin’.

Virgin Money changes mortgage rates following February base rate increase

Virgin Money has announced changes to its mortgage variable revert rates, following the announcement of an increase of 0.50% in base rate by the Bank of England on 2 February 2023.

Virgin Money & Turn2us help thousands of people access unclaimed benefits

Virgin Money and national poverty charity Turn2us have helped thousands of people across the UK to access unclaimed benefits and tax credits.

You could save £11k over a lifetime by spending more on products

In the middle of a cost-of-living crisis, it can be tempting to choose products with a cheaper price point, but new research from Virgin Money has revealed that if you’re able to spend more initially, you can sometimes save money in the long run.

Virgin Money changes mortgage rates following December base rate increase

Virgin Money has announced changes to its mortgage variable revert rates, following the announcement of an increase of 0.50% in base rate by the Bank of England on 15 December 2022.

Virgin Money UK PLC: First Quarter 2023 Trading Update

Virgin Money UK PLC (“VMUK” or the “Group”) confirms that trading in the three months to 01 February 2023 was in line with the Board’s expectations.

Virgin Money launches new market-leading 1 Year Fixed Rate Cash ISA Exclusive

Virgin Money has launched a new savings product, the 1 Year Fixed Rate Cash ISA Exclusive, offering a market-leading interest rate of 4.25% AER (tax free) to savers

19 January 2023

Virgin Money matches SMEs with MBA and master’s students from Glasgow in its expanded Levelling Upstarts Programme

Virgin Money is expanding its innovative Levelling Upstarts programme which gives SMEs the opportunity to partner directly with MBA and master’s students from leading universities, such as University of Glasgow, through digital workshops.

Virgin Money matches SMEs with MBA and master’s students from Leeds in its expanded Levelling Upstarts Programme

Virgin Money is expanding its innovative Levelling Upstarts programme which gives SMEs the opportunity to partner directly with MBA and master’s students from leading universities, such as University of Leeds, through digital workshops.

Virgin Money partners with the Global Cyber Alliance to offer free cyber security toolkit for business customers

SMEs in the UK will have better access to a range of free tools and resources to help them stay safe online thanks to a new partnership between Virgin Money and the Global Cyber Alliance (GCA).

16 January 2023

Six tips for a 2023 money makeover

The arrival of the New Year brings with it new goals, and if yours is to manage your money better, achieving this can be easier than you think

Easy access savings rate increases to 2.52% AER with Virgin Money

Virgin Money is giving savers a boost with a further increase to the rate on its popular linked savings accounts.

Virgin Money partners with Youtility to help customers save money on their bills

Virgin Money has teamed up with Youtility, a subscription management platform built for banks and FinTechs, to help customers save money on their bills as they continue to face the cost-of-living crisis.

Expand and reform flagship productivity schemes to deliver for all of UK's small businesses, APPG for entrepreneurship says

Nearly seven million of Britain’s poorest people are paying extra for basic goods

Virgin Money changes mortgage rates following November base rate increase

Virgin Money teams up with Good Things Foundation to tackle digital poverty

Virgin Money UK PLC Full Year Results 2022

Credit where credit is due: Forget takeaways and fast fashion, financially concious Gen-Z'ers confound stereotypes as they battle the cost-of-living crisis

New research from Virgin Money, as it launches Virgin Money Slyce, reveals that Generation Z might be the most financially-conscious generation yet.

Virgin Money raises Easy Access Cash ISA Exclusive rate to market-leading 3.00% AER

Virgin Money is increasing the interest rate on its popular Easy Access Cash ISA Exclusive for the second time in two months.

Virgin Money Supporting Multi Million Pound Sustainable Forestry and Carbon Reduction Measures

Virgin Money is pleased to announce that it has signed a new three-year agreement with Foresight Sustainable Forestry Company Plc (“FSF” or “the Fund”), under which it has provided a committed Revolving Credit Facility (“RCF”) of £30 million and an uncommitted accordion facility of up to an additional £30 million.

Virgin Money appoints Sarah Wilkinson as Chief Operating Officer

Virgin Money has announced the appointment of Sarah Wilkinson as Chief Operating Officer. Sarah will join Virgin Money from Thomson Reuters, where she is the Chief Information Officer and Head of TR Labs, Thomson Reuters’ technology research and innovation centres worldwide.

Cost of living crisis risks ‘wiping out’ finances of younger people with cancer and plunging them into debt

Macmillan Cancer Support and Virgin Money are urging people to access support as tens of thousands of young adults with cancer face the devastating impact of the spiralling cost of living.

Virgin Money changes mortgage rates following August base rate increase

Virgin Money has announced changes to its mortgage variable revert rates, following the announcement of an increase of 0.50% in base rate by the Bank of England on 4 August 2022.

New study reveals UK’s most financially knowledgeable areas

New research from Virgin Money reveals the regions in the UK which are the most financially knowledgeable, popular sources of financial education for each generation and the least understood money-related terms

Virgin Money UK PLC: Third Quarter 2022 Trading Update

Strong profitability and robust balance sheet; commenced inaugural buyback

Virgin Money launches Marketplace – a new online service for small businesses

Virgin Money has launched a new online service called Marketplace where small business banking customers can access a number of different useful services.

Virgin Money raises linked savings rate to 1.71% AER

The linked savings accounts on the Virgin Money M Plus Account, Virgin Money Club M Account and Virgin Money M Account now offers a market-leading rate of 1.71% AER (variable) on balances up to £25,000

Virgin Money to enter buy now, pay later market with Virgin Money Slyce

Virgin Money announces new market-leading credit card product that will allow customers to buy now, pay better.

Superscript partners with Virgin Money to bring insurance to business banking customers

Superscript partners with Virgin Money to bring insurance to business banking.

Virgin Money teams up with untied to power tax for SMEs

Virgin Money has announced that it is linking up with untied, the UK personal tax app, to offer tax capabilities for sole traders who have a Virgin Money business current account.

Virgin Money harnesses technology to shake-up business lending in 3 year deal with Trade Ledger

Business loan application through to decision set to drop from 5 days to as little as 20 minutes.

Levelling up Report Recognises Virgin Money’s Social Impact

Virgin Money and the Purpose Coalition have launched a report assessing the Bank's current impact on levelling up across the country.

Virgin Money changes mortgage rates following May base rate increase

Virgin Money has announced changes to its mortgage variable revert rates, following the announcement of an increase of 0.25% in base rate by the Bank of England on 5 May 2022.

Virgin Money raises linked savings rate to 1.56% AER

The linked savings accounts on the Virgin Money M Plus Account, Virgin Money Club M Account and Virgin Money M Account offers a market-leading rate of 1.56% AER (variable) on balances up to £25,000

A chance to become points millionaires

Experts reveal the 6 habits that could be making your pre-payday anxiety worse

Virgin Money launches UK’s first dedicated fund to help farmers move to net zero

By the year 2050, SME businesses will be run by avatars while we sleep

The UK’s small businesses will be run by personal avatars by 2050 thanks to powerful advances in artificial intelligence (AI) in the coming decades, according to a new futurology report commissioned by Virgin Money.

Virgin Money updates - Finance Charter SME update

Virgin Money and the SME Finance Charter

Virgin Money is committed with working with Government through the Business Finance Council (BFC) to ensure that we support SME customers to grow and thrive.

Virgin Money UK PLC: Interim Results 2022

Virgin Money gives new customers 20,000 reasons to switch

Virgin Money gives new customers 20,000 reasons to switch

Virgin Money changes mortgage rates following March base rate increase

Virgin Money launches national support service for people affected by cancer

Virgin Money joins forces with Turn2Us to help even more people access unclaimed benefits

Virgin Money launches new digital travel insurance including covid-19 cover

6 questions every couple should ask before opening a joint current account

Revealed: Six tips for a 2022 money makeover

Virgin Money changes mortgage rates following February base rate increase

Virgin Money raises linked savings rate to market-leading 1% AER

Pandemic turbocharges entrepreneurship: 31 million new business ideas developed over lockdowns

Virgin Money UK PLC: First Quarter 2022 Trading Update

Virgin Money launches its first Brighter Money Bundle current account switching offer for 2022

Virgin Money appoints Susan Poot as Group Chief Risk Officer

One in four people living with cancer find it easier to talk about their diagnosis than the impact on their finances

Virgin Money launches programme to help SMEs access problem-solving support from MBA and Masters students

Virgin Money updates Standard Variable Rate following base rate increase

Virgin Money announces new fintech partnership with Expend

Virgin Money partners with Fintech Trade Ledger as part of a new business banking proposition

Virgin Money to create flexible collaborative hubs

Introverted entrepreneurs outnumber extroverts 2:1

Virgin Money partners with Accelerated Payments

Virgin Money offers equal parental leave for all

Virgin Money launches new report: A life more virgin: The future of work at Virgin Money

£4.8m funding boost for Derbyshire solar energy business

Virgin Money launches new fee-free digital business current account for entrepreneurs

Virgin Money appoints Syreeta Brown as Group Chief People and Communications Officer

Virgin Money refreshes its Brighter Money Bundle switching offer

Virgin Money and Global Payments to launch digital wallet with integrated loyalty scheme

Virgin Money gains greater control over climate change risk thanks to new partnership with Hometrack

Virgin Money Joins UN-Convened Net-Zero Banking Alliance

New app from Virgin Money helps businesses improve their sustainability

Fundraising website Virgin Money Giving to close following London Marathon

UK jewellerymaker’s unique concierge service is a game changer for future growth

Virgin Money UK PLC: Third Quarter 2021 Trading Update

Almost one million SMEs fear closure from second UK lockdown

Budding entrepreneurs underestimate the support they’ll need to succeed

Virgin Money backs Gresham House Solar Distribution in multi-million pound deal

Brits set to splurge £38 billion of lockdown savings this summer

Virgin Money launches new Brighter Money Bundle switching offer

Virgin Money Supports Multi Million Pound Hydro Scheme Acquisitions

Bouji Brits are set to live their best lives this summer

Midlands entrepreneur grows business from bedroom

Family-run care home group secures multi-million pound deal with Yorkshire Bank

Brokers continue to show resilience despite latest lockdown reveals Virgin Money research

Future Proof Your Farm with a Carbon Audit

Greener buses to be introduced across England with support from Yorkshire Bank

Nearly Six in Ten Brits forget Staycation Insurance

SMEs bet on post-Covid-19 bounce with more than one in four planning investment boost in 2021

Taking the Pulse on Agri Priorities

Virgin Money UK PLC Interim Results 2021

Virgin Money UK PLC: First Quarter 2021 Trading Update

Virgin Money agrees partnership with entrepreneurship experts Virgin StartUp

Virgin Money and Macmillan Cancer Support launch bespoke service for customers in a financial services first

Virgin Money agrees partnership with entrepreneurship experts Virgin StartUp

Virgin Money and Macmillan Cancer Support launch bespoke service for customers in a financial services first

Virgin Money launches new 95 percent mortgages under Mortgage Guarantee Scheme

Virgin Money closes £14m investment with renewable heat specialist Kyotherm

Virgin Money focuses on financial wellness with addition of new FinTech partner, Fluidly

Virgin Money introduces Business Current Account with enhanced benefits

Virgin Money launches lower interest Greener Mortgages for energy efficient new-build homes

Virgin Money launches new cashback rewards programme for credit card customers

Virgin Money launches sustainability-linked loans

Virgin Money signs up leading open data Fintech Codat to bolster business bank proposition

Virgin Money Adds App Development FinTech Partner to Business Banking Team

Pumpkins Bring Farming Family Diversification Success

Sustainability is important to SMEs but over half of businesses have not set targets

Virgin Money Begins National Store Rebrand Programme

Virgin Money UK PLC 2020 Full Year Results

Virgin Money UK PLC continues with integration process

Virgin Money UK appoints Clifford Abrahams as Group Chief Financial Officer

Virgin Money UK appoints Enda Johnson as Interim Group Chief Financial Officer

Virgin Money UK joins Future-Fit Development Council

Virgin Money builds digital proposition for new business current account offer with FinTech partnership

Virgin Money invests in its heartland with new Leeds city centre store

Virgin Money launches free digital package ‘Money Management’ to help small businesses streamline finances

Virgin Money launches innovative partnership with Twenty7Tec

Virgin Money launches new exclusive savings account for home buying coach app customers

Virgin Money launches two exclusive cash ISAs for current account customers