Virgin Money Virgin Saver Savings Account

Moneybuddy says

Kickstart your savings with a Virgin Saver account. You get an ongoing competitive variable rate - currently 4.75% p.a. The advantage is for medium to long term savers who want a higher yield from their savings. Interest on the Virgin Saver account is calculated daily and paid monthly.

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate p.a. 4.75%

Monthly fee $0

Account type Savings

The cool stuff: features

ATM access No

EFTPOS access No

Branch access No

Internet Banking No

Age restrictions No

Cheque book facility No

Debit card No

BPAY No

GiroPost No

Phone access No

The Facts & Figures

Balance less than $1k (p.a.) 4.75%

Balance less than $5k (p.a.) 4.75%

Balance less than $25k (p.a.) 4.75%

Balance greater than $100k (p.a.) 4.75%

Min. balance -

Min. opening deposit -

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee -

Branch assistance fee -

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Virgin Money says

Welcome to the Money Magazine ‘Best Savings Account’ 2011. Make more money with one of the best ongoing variable savings rate of 4.75% p.a.* Virgin Saver doesn't bring you in with a high introductory rate for a few months and then drop the interest rate significantly. And the Virgin Saver account has absolutely no account fees, whatsoever.

Key features

Great ongoing flat variable rate of 4.75% p.a
Recently updated and improved so that all savings amounts earnt he same interest
Save more by setting up an Automatic Savings Plan
Competitive variable ongoing rate
No fees