Virgin cuts investment rates

by Miklos Bolza18 Dec 2017
Virgin Money has announced multiple rate reductions on its fixed rate investment products.

The changes, which come into effect tomorrow (19 December), will decrease rates on the 1-5 year fixed rate interest only investment products and the 4 year fixed rate principal and interest product.

Changes are as follows:
 
Term Current rate (p.a.) New rate (p.a.) Change
Investment - Fixed interest only
1 year 4.49% 4.39% -0.10%
2 year 4.39% 4.14% -0.25%
3 year 4.39% 4.29% -0.10%
4 year 4.59% 4.29% -0.30%
5 year 4.69% 4.59% -0.10%
Investment - Fixed principal and interest
4 year 4.44% 4.29% -0.15%

COMMENTS