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Virgin Money launches two new savings products
Virgin Money has announced the launch of two new savings products: a new fixed rate bond and a fixed rate cash ISA.
The Virgin Fixed Rate Bond offers customers a fixed rate of 3.00% for one year (issue 1) and 3.30% for three years (issue 2). It is a simple, straightforward, fixed rate savings account (http://www.northernrock.co.uk/
The Virgin Fixed Rate Cash ISA (http://www.northernrock.co.uk/
These Virgin Money branded accounts are personal deposit accounts with
Pete Wood, Head of Savings Products said: "We saw a great response from customers to the first Virgin Money savings accounts we launched in January. Following this I am delighted to announce the addition of a new fixed rate bond and a fixed rate cash ISA account to our range. These products are designed to be simple, fair and transparent."
More information on the savings range is available at www.northernrock.co.uk/
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About Virgin Money:
Virgin Money announced the acquisition of Northern Rock plc from Her Majesty's Treasury on 17 November 2011. The deal completed on 1 January 2012. The acquisition included:
- 75 Northern Rock branches
- One million customers
- c.£14bn mortgage (http://www.northernrock.co.uk/
- c.£16bn retail deposit book
- c.2,100 employees
Combined with Virgin Money's existing business of three million customers, the enlarged Group has over four million customers. The combined business operates under the Virgin Money brand.
Virgin Money's business ambition is to make "everyone better off" - this philosophy underpins its approach to business by offering good value to customers, treating employees well, making a positive contribution to society and delivering a profit to shareholders.
About Northern Rock plc:
Northern Rock is a bank, authorised by the FSA as a deposit taker and mortgage lender. It offers savings accounts and mortgage products to customers in the UK, with a mortgage calculator (http://www.northernrock.co.uk/
Northern Rock House
Newcastle upon Tyne
0191 279 4676