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Virgin Money

Virgin Money sign
Nationwide has completed its takeover of Virgin Money, meaning the bank's savers and borrowers could become members of the building society in future. The Virgin Money brand will also be phased out eventually – though there's NO change for new or existing customers of either brand for now.
1 October 2024
Nationwide Building Society
Over 4,700 people have signed a petition calling on Nationwide – a building society owned by its customers, who are known as members – to let them vote on its decision to buy rival lender Virgin Money. The petition argues there's "no guarantee" the proposed £2.9 billion deal will benefit members "in any way", though Nationwide says the move will enable it to offer "better mortgages and savings rates".
30 April 2024
A sign for a Virgin Money bank branch
Virgin Money will close another 39 bank branches this year, almost a third of its network, with the firm claiming that more customers are choosing online banking over in-person visits. Below we list the branches disappearing and what the alternatives are if you still want face-to-face banking.
21 July 2023
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Virgin Money has increased its M Plus savings account’s interest rate to a table-topping 1.71%, the highest rate for an easy-access account since September 2013. New and existing savers will automatically get the new rate from today. But you can get a better rate if you lock your money away.
28 July 2022
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Virgin Money is axing its online services for credit card customers on 31 January, with borrowers encouraged to manage accounts using the provider's app instead. Here's what's happening and what you can do about it - particularly if you don't have a smartphone.  
14 January 2021
Virgin Money logo on sign
Virgin Money has launched an unusual bank-switching incentive, offering new customers who switch to its current account a free case of 15 bottles of wine from Virgin Wines – but how does it compare?
12 November 2020
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Virgin Atlantic Reward+ credit card customers are being paid rebates of £40 each – equivalent to 25% of their annual fee – due to the coronavirus pandemic.
1 July 2020
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CYBG, the owner of Clydesdale and Yorkshire Banks, has agreed to buy Virgin Money for £1.7bn in a deal that will eventually see all of its retail customers moved to the Virgin Money brand - but there are no changes yet for existing customers.
18 June 2018
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Virgin Atlantic has relaunched two airline credit cards allowing customers to earn miles, upgrades and companion tickets. They're good for collectors of Virgin's Flying Club miles – but our analysis shows they don't have the 'wow' factor of British Airways' longstanding cards.
4 April 2018
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Savers who are Manchester United fans may be tempted by a new one-year fixed savings account paying 3% if their team triumphs next season – but it's almost certainly not worth it, even for die-hard fans.
4 July 2017

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