Virgin Money has a 12% interest rate on savings and a 10% bonus rate for current account switchers

The Virgin Money bonus interest rate of 10% gross/10.47% AER (fixed) is available on balances worth up to £1,000 for a year, so this would generate £100 in interest

The bonus rate will be fixed on current account balances up to £1,000 for a year.

Customers who switch to one of Virgin Money’ current accounts will benefit from the bank’s new 10 per cent bonus interest rate