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% |
