Boost Saver

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  • {banking-rates || b1 || rate} % pa.

    Total Highest Variable Interest rate

  • {banking-rates || b7 || rate} pa.%

    Base rate

Open an account

The lowdown on our high interest savings account

Earn the highest variable rate with total balances up to $250k when you meet monthly criteria and turn on Lock Saver.34 32-day notice and T&Cs apply.

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Base rate. +

Base + bonus interest rate when you meet the monthly criteria2

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Notice=

Notice interest rate when you enable the Lock Saver Feature.34 32 day notice period. T&Cs apply.

{banking-rates || b7 || rate} p.a.%

Total Highest Variable Interest rate.

Let’s get you that bonus interest

Make your savings go further – just meet the monthly criteria to unlock bonus interest on your Boost Saver.

Receive the {banking-rates || b4 || rate} p.a.% bonus interest rate when you:

  • Drop $1,000 or more into your linked Go Account each month.
  • Make 5+ settled purchases on your linked Visa Debit card (direct debits and BPAY count too).

Want to go all the way to {banking-rates || b7 || rate} p.a.%?

  • Turn on Lock Saver in the app (18+ only) and give 32 days’ notice to withdraw.
  • Ideal for savings you’re happy to set and forget.

More about rates and fees

Give your savings a {banking-rates || b7 || rate} % p.a. boost

Open a high interest savings account that works as hard as you do. Pair Boost Saver with a Go Account to save smarter and get more perks.5 (T&Cs apply)

Frequently asked questions

Common FAQs about Boost Saver to help you open your high interest savings account and start saving smarter from the day one.

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What is a high interest savings account?

A high interest savings account is a type of savings deposit account that provides higher interest rates compared to traditional savings accounts. They generally offer better returns on savings with low or no fees but often have limited accessibility.

If I withdraw money from my Boost Saver, can I still get the Bonus Interest?

Totally. You can still earn bonus interest when you withdraw money from your Boost savings account. However, if you want to earn the extra notice saver interest then you will need to turn on the Lock Saver feature, which means you won’t be able to access your savings.

Do I need to deposit money into my Boost Saver each month?

No, you can add money into your savings account whenever it suits you best. However, if you want to earn the bonus interest each month, you do need to deposit $1,000 or more into your linked Go Account.

When will my Bonus Interest get applied on my Virgin Money Boost Saver?

Your bonus interest will be activated on the first day of each month when the Monthly Criteria has been met in the previous month. Keep in mind, if you are making your 5 purchases to activate your bonus interest, your purchases will need to settle (that means not ‘pending’) in your account that month. If any are still pending at the end of the month, the bonus interest won't be activated.

Can I get a Virgin Money Boost Saver without a Virgin Money Go Account?

Sorry, no. You can’t get a Boost Saver without a Go Account. But you can get rewards on your everyday purchases with our Go Account and a high interest savings account to help you manage your money your way. There aren’t many banks that reward you for everyday purchases in your bank account, but we do! And with no monthly fees.

If you don’t need an everyday bank account, but still want the perks of a dedicated savings account, check out our Virgin Money Grow Saver, which is our other highest interest savings account. Check it out here

Do I need to download the app to apply for my account?

You can apply for an account through either the Virgin Money mobile app or our website. But you’ll need to download the app to manage your account.

We’ve designed the Virgin Money mobile app so you can bank like never before. It’s amazingly simple banking, so you can manage your money simply and securely, wherever and whenever you are. Give it a try! (And if you don’t love it, tell us why and we’ll do everything we can to make it better for you).

How often is interest paid on a high interest savings account?

This will differ for each bank. At Virgin Money, the interest you earn on your savings account will be credited at the close of business on the last day of each month.

The interest credited to your account will only be included in the closing balance from the first day of the next calendar month.

Learn more

Didn’t find what you were looking for? Go to our help and support page to find out more.

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Get in touch

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