Virgin Money is offering free gift worth £180 & 2.02% interest rate but deal ends Sunday | Personal Finance | Finance
New and existing customers may want to act fast if they want to take advantage of the Brighter Money Bundles, as it will no longer be available as of midnight on Sunday. Today, the bank announced it would be withdrawing the deal, meaning those wanting to get in on the offer may want to note this deadline.
Customers who are a new account can currently get a free case of wine from Virgin Wines, which it says is worth £180.
There is also a non-alcoholic option available, for those who would prefer it.
The Virgin Wines offer is available to all new Virgin Money Current Account customers, but there are criteria to meet.
For instance, they will need to apply online and complete a full switch using the Current Account Switching Service, including two direct debits set-up on the account.
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They must also download and register for the mobile app and deposit at least £1,000 into a linked savings account within 31 days of the account opening.
Existing customers don’t have to miss out, the bank said, either.
They have access to an offer for a discounted case of Virgin Wines worth £180, available through an Exclusive Rewards area of the Virgin Money app.
Another part of the bundle is the access to a Virgin Media discount.
As part of the deal, the bank says all Virgin Money Current Account customers can save up to £225 across selected 18-month Virgin Media bundles.
The Virgin Money Current Account currently offers customers an interest rate of 2.02 percent AER on balances up to £1,000.
Current account holders can also open a linked Instance Access savings account.
Money moved into this account will earn 0.50 percent AER/gross per annum variable up to April 26, 2021.
The interest for this account is paid quarterly.
A change to this interest rate will come into effect from April 27 this year.
From this date, the interest rate for the linked account will change to 0.35 percent AER/gross per annum variable.
This week, another bank account switch incentive was launched.
HSBC is now offering new customers the opportunity to get a payment of £125 if they open and switch to an HSBC Advance Bank Account.
Terms and conditions do apply, and among them, the bank states an HSBC Advance Account must be opened as a new customer, and they must then switch within 30 days using the Current Account Switch Service (including at least two Direct Debits or standing orders).
Eligibility rules do apply for the account, as well as for the offer.
Account holders can earn one percent AER/gross on savings via HSBC’s Regular Saver.
These people can save between £25 to £250 each month and earn one percent AER/gross.