You are here: Home - Saving & Banking - News -

Virgin Money launches Double Champions ISA

Written by:
Virgin Money has launched a new ISA paying a fixed interest rate of 1.2% for one year, plus a bonus if Manchester United win the Premier League title and Emirates FA Cup in the 2017/18 season.

The Double Champions ISA will also pay a ‘win bonus’ of an extra 2% if Manchester United come good. However, Ladbrokes and Coral currently put the chances of them doing so at 18:1.

The current top one-year fixed rate ISA –  is from Charter Savings Bank, paying 1.31%, though Virgin Money’s normal ISA is paying 1.3%.

The new ISA can be opened with £1 and is available online and through all Virgin Money Stores.

The ISA will automatically benefit from the ‘United Rewards’ scheme. Each month investors can win a range of prizes including match day tickets for Old Trafford, signed Manchester United replica shirts and a range of other prizes. The more customers save, the higher their chances of winning.

Rajesh Ahuja, savings director at Virgin Money, said: “With Manchester United having made a strong start to the season and riding high in the Premier League, our new Double Champions ISA offers savers a competitive interest rate, plus the chance of a win bonus if Manchester United win the Premier League and Emirates FA Cup.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

Low-income pensioner? You could gain £3k top-up

Hundreds of thousands of retirees struggling with a low income are missing out on Pension Credit worth £3,300...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week