View more on these topics

Virgin Money to launch new savings accounts

Virgin Money is preparing to launch a raft of new savings accounts in January, the FT reports.

Sir Richard Branson’s banking business currently has just one deposit account paying 0.1 per cent interest. The FT says Virgin Money will launch a number of new accounts with more competitive rates next year.

The move comes despite the National Audit Office launching an inquiry into Virgin Money’s £1bn acquisition of Northern Rock.

The deal gives Virgin Money 75 new branches and access to Northern Rock’s product range.

However, the sale has been criticised by Labour because the state-owned bank was sold for less than the £1.4bn of support it received from the Government.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm