MoneySavingExpert News
Virgin Money

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

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

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

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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