What is the best Virgin Fixed Rate ISA?
A Fixed Rate ISA is a type of savings account where you lock your money away for a set period of time in return for a fixed interest rate. Your interest rate will stay the same until the end of your fixed period, no matter what happens to the Bank of England’s base rate. And, since it’s an ISA, all your interest will be tax-free, making it easier to grow your savings over time.
In this guide, we’ll cover all the Fixed Rate ISAs currently offered by Virgin. If you’re looking for the best Fixed Rate ISA available across providers, keep in mind that high-street banks don’t always offer the most competitive rates.
Withdrawing funds before maturity will incur a charge. Partial withdrawals from some Fixed Rate ISAs are restricted. Tax treatment depends on individual circumstances and may be subject to change in the future
Earn £500 more interest than the Big 4 banks with our competitive, easy access Cash ISA
Save up to £20,000, tax-free every year with a Tembo Cash ISA, and earn 3.1x more interest than if you were to save with one of the Big 4 banks! That's over £500 more in interest over 5 years. Plus, unlimited withdrawals, fee-free mortgage advice, and monthly paid interest. Open with as little as £10!
What is Virgin’s best Fixed Rate ISA?
Virgin’s current best Fixed Rate ISA is their 1-year Fixed Rate Cash ISA offering 4.10% AER (fixed). But there are other Fixed Rate ISAs offering higher rates than this that are currently on the market. If you’re looking for the top Fixed Rate ISA on the market, it is often worth looking beyond high street banks, as these don’t always offer the most competitive rates.
What are the current Virgin Fixed Rate ISAs?
Virgin currently offers one Fixed Rate ISA, its 1 Year Fixed Rate Cash E-ISA, which offers 4.10% AER/tax-free (fixed) for 12 months. Once you have the account open, you have 30 days to deposit money into the account. As this is a fixed-rate account, you’ll be agreeing to lock away your money for a fixed period of 1 year. If you withdraw your funds before the end of this period, you’ll pay a charge equivalent to 60 days’ loss of interest on the amount you withdraw. At the end of the 1 Year fixed term, your account will become a variable rate Cash ISA, unless you let them know otherwise before your maturity date.
Source: Virgin Fixed Rate ISAs. Rates accurate as of May 2025.
Can I withdraw money from a Virgin Fixed Rate ISA?
Yes, you can withdraw your money from a Virgin Fixed Rate ISA, but if you do this before the fixed term ends, you’ll pay an early access charge equal to 60 days' interest on the amount withdrawn. One year after opening the ISA, your account will automatically become a variable rate Cash ISA, meaning your rate can change depending on Virgin’s interest rates at the time.
Can I transfer money into a Virgin Fixed Rate ISA?
Yes, you can transfer money into a Virgin Fixed Rate ISA. You can transfer from an existing Virgin Money account (subject to the terms and conditions of that account) or from an existing Cash ISA or a Stocks and Shares ISA from another provider.
How to find the best Fixed ISA Rates
There are lots of Fixed Rate ISAs to choose from, with many high-street banks offering them to new and existing customers. Opening an ISA with the provider you currently bank with can seem like the easiest option, but you may get a higher interest rate and better customer service elsewhere. To find the right Fixed Rate ISA for you, compare multiple accounts from different providers before making a decision.
The interest rate is important, but look for a provider with excellent reviews and intuitive savings features too. Once you’ve found the right one, you can usually open an account and make a deposit in minutes.
We’re launching a Fixed Rate ISA!
Keep your eyes peeled for the launch of our latest competitive savings product very soon. In the meantime, check out the other accounts we offer
