Virgin Money Boost Saver 3.85% p.a. Interest (4.15% p.a. with Lock Saver), Preceding Month Criteria Apply @ Virgin Money

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LChubDog on 14/11/2022 - 18:16 virginmoney.com.au (145 clicks)
Last edited 07/12/2022 - 14:38 by 2 other users

Virgin Money is changing the interest rates on their Boost Saver. Effective 16 November 2022, the new Boost Saver interest rate will be up to 3.85% p.a. when the account-holder continues to meet the Monthly Criteria. And, if the account-holder also enables the new Lock Saver Feature, the interest rate will increase up to 4.15% p.a.

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Bonus Interest Rate and Monthly Criteria

(3.55%)

Additional variable interest rate earned on all your Boost Savers, up to a combined total balance of $250,000, in the same name as your Go Account when you meet the Monthly Criteria:

• Deposit at least $2,000 into your Go Account from another financial institution.
• Make at least 5 purchases on your Go Account that settled in that month (not pending).

If you are under 25, our Monthly Criteria may be different. Refer to our Monthly Criteria in the Rates and Fees section for more information.

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Notice Interest Rate

(0.30%, Optional)

Additional variable interest rate earned on a Boost Saver where the optional Lock Saver Feature is enabled.

Provide 32 days’ advance notice to unlock your account or withdraw your money.
This feature may be suitable for savings you don’t need to immediately access to. For more information, go to our Lock Saver Feature website page.

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Related Stores

Virgin Money

• 

  barryallen on 14/11/2022 - 18:26

  +1

  I think ING Savings Maximiser might still be better at 4.30% p.a. but this one has a higher $250k limit though

  • 

    Moo Deng on 14/11/2022 - 18:34

    +3

    ING has too many hoops and likes to debank customers without notice.

    I prefer Ubank and Virgin.

    I like the new Ubank app interface the best, and the fact you can transfer direct from your savings account to other bank accounts (don’t need to move it to transaction account first).

    Virgin you can’t transfer direct from savings account and also is a bit annoying with SMS codes every time you want to do a transfer (even if you have transferred to that account before).

    • 

      ginger-nick on 14/11/2022 - 18:42

      -1

      Virgin requires 32 days unlock, which you lose the bonus interest for 32 days

      • 

        webtherapist on 14/11/2022 - 18:44

        +1

        you get first two months automatically without requirements upon signing up

      • 

        El-Rhi on 14/11/2022 - 19:33

        +5

        You don’t lose the interest if you withdraw… it then just takes 32 days to complete the payment

    • 

      chyawala on 14/11/2022 - 22:39

      I believe the monthly criteria need to be made in the preceding month.

      https://virginmoney.com.au/bank-and-save/rates-and-fees/#tab…

      Bonus Interest Rate and Monthly Criteria

      Additional variable interest rate earned on all your Boost Savers, up to a combined total balance of $250,000, in the same name as your Go Account when you meet the Monthly Criteria:

      Deposit at least $2,000 into your Go Account from another financial institution.
      Make at least 5 purchases on your Go Account that settled in that month (not pending).

  • 

    izkai67 on 14/11/2022 - 18:59

    +2

    ING has too many hoops set you up for failure

• 

  capslock janitor on 14/11/2022 - 18:44

  mods: First time posting, not sure how to add the random referral link feature.

  theres referral links ? :o

• 

  ujwols on 14/11/2022 - 20:57

  +1

  Osko/payid limit per day is only $1000 per day, that itself is a dealbreaker for me

  • 

    Mokr on 14/11/2022 - 22:07

    So you gonna lose 30 days of interest to transfer 30k

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  Harsh Deep on 14/11/2022 - 22:13

  a bit of Meh offer

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  uwuwu on 15/11/2022 - 22:06

  Very niiice, top 2 on the Savings Leaderboard