Compare bank accounts

Trying to decide between savings accounts or everyday banking? Let's line up your options so you can choose the one that’s right for you.{sub-heading}

Open an account{button-group}

Our rates are changing

Notice: We’re changing the interest rates on our Boost Saver. Effective 18th February 2026, your new Boost Saver interest rate will be up to 3.70% p.a. when you continue to meet the Monthly Criteria. And, if you also enable the new Lock Saver Feature, your interest rate will increase up to 4.00% p.a.

What’s the difference? Let's compare accounts.

A side-by-side comparison of our rates, rewards and more.

Tag

All, Transaction account

All, Savings accounts

Overview

The not-so-everyday transaction account that comes with epic rewards and points earned on every purchase, direct debit and BPAY payment.⁶

Linked with our everyday transaction account, Virgin Money Boost Saver is our highest interest earning savings account designed to give your savings a speed-up.

When you don’t need an everyday transaction account but still want a dedicated savings account, make Grow Saver your go-to.

Monthly fees

Interest rate

Up to {banking-rates||b4||rate}% p.a.

up to a combined total balance of $250,000 when you meet Monthly Criteria each month.²

Up to {banking-rates||gr5||rate}% p.a.

when you make at least 1 deposit and no more than 1 withdrawal each month.⁴

Lock Saver feature interest rate

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Earn an additional {banking-rates||b6||rate}% p.a. variable interest rate when you don’t need immediate access to your money. 32 days' notice period applies.³⁴

{banking-rates||gr4||rate}% p.a.

Earn an additional {banking-rates||gr4||rate}% p.a. variable interest rate when you don’t need immediate access to your money. 32 days' notice period applies.³⁵

ATM fees

$0
Some ATM operators may charge a fee

Earn Virgin Money Points

Earn 8 Virgin Money Points

on every purchase, direct debit or BPAY payment¹

Virgin Money Rewards³ & Partner offers¹²

Bundled products

Virgin Money Go Account

Joint accounts¹⁰

Additional accounts

Up to 10 Go Accounts

Up to 9 Boost Savers

Up to 9 Grow Savers

Spend tracking

Easily track your spending with auto categorisation and set yourself challenges with spend targets.

Bill tracking

Know when your bills are coming up so you can better plan for tomorrow.

Round ups

Round up purchases to the nearest $1 on your Go Account and send the change to your Boost Saver.⁶

Round up purchases to the nearest $1 on your linked Go Account and send the change to your Boost Saver.⁶

Round up purchases to the nearest $1 on your Go Account and send the change to your Grow Saver.⁶

Digital wallet

Pay on the go with Apple Pay⁷, Samsung Pay⁸ and Google Pay.⁹

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Apply now

More about the Go Account

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Apply now

More about the Boost Saver

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Apply now

More about the Grow Saver

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Before you choose

Enough about us, what do YOU need from your bank account? It's good to consider what features you need when comparing our accounts, so here’s a few questions for you to consider.{sub-heading}

Questions for comparing savings accounts:

Do you need regular access to your savings account?

Yes: If you do need to regularly access your savings, both accounts allow for this.

No: With both Virgin Money saving accounts, you can turn on the Lock Saver Feature and earn even more interest.

Are you planning to save more than $250,000?

Yes: The Grow Saver has no balance limit, so you can continue to earn interest well above $250,000.

No: The Boost Saver has a balance maximum of $250,000 so if your saving balance is under this amount, you can earn more interest with a Boost Saver account.

Are you looking for a fee-free account option?

Luckily all of Virgin Money’s accounts are fee-free.

Are you willing to meet Monthly Criteria to earn more savings interest?

Yes: Boost Saver has our most competitive interest rate if you’re willing to spend a little more time meeting the monthly criteria.

No: Grow Saver may be a better option for you. There are still some monthly criteria to meet to receive the bonus interest.

Questions for comparing transaction accounts:

Do you require a digital wallet?

Yes: Our Go transaction account has pay on the go with Apple Pay⁷, Samsung Pay⁸ and Google Pay⁹.

No: If you don’t need access to digital wallets, this is included at no extra cost so no need to worry if you don’t use the feature.

Do you need an account for everyday transactions?

Yes: Our Go account is set up for regular, everyday transactions. With plenty of spend tracking features to help you stay on top of your spending.

No: If you’re not looking for an everyday transaction account, it could be worth taking a look at our saving accounts, like the Grow Saver!

Do you want to get rewarded for your everyday transactions?

Luckily all of Virgin Money’s accounts are fee-free.

Are you willing to meet Monthly Criteria to earn more savings interest?

Yes: Boost Saver has our most competitive interest rate if you’re willing to spend a little more time meeting the monthly criteria.

No: Grow Saver may be a better option for you. There are still some monthly criteria to meet to receive the bonus interest.

Love points?

If earning Virgin Money Points is top of your list, our Go Account and Boost Saver are the dream team to get you there faster.{sub-heading}

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Everyday banking, rewarded

With Go Account and Boost Saver, points aren’t a bonus, they’re built in. From tap-and-go to BPAY, you’ll stack points as you spend.¹

Shop smart with Partner Offers

With your new transaction account, you’ll earn Bonus Points just for snapping up the app’s Partner Offers.

Saving for a holiday? Start earning too

Earn 5 Bonus Points for every $1 you spend on hotels when you book through “Book Travel” on the Virgin Money app. (T&Cs apply).

Spread the word and the rewards. Invite a friend to join and you’ll both pocket Bonus Points. (T&Cs apply).¹³

How to earn points

Tab Title

Earn Points

Cashback

Turn your points into cashback straight into your new account. Quick, easy, and perfect for giving your credit card balance a boost.

Save your money, use points instead

Keep your cash for the big stuff – swap your Virgin Money Points for gift cards at your favourite retailers instead.¹⁶

Holiday fund feeling stretched?

Let your Virgin Money Points pick up the tab for flights, hotels or experiences. Your holiday dreams stay alive, and your savings stay put.

Regret a splurge?

No worries – turn eligible purchases into statement credits with Pay with Points. It’s like hitting rewind on your spending.¹⁵

Learn how to redeem

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Redeem Points

Your 5K Bonus Points bank-warming gift

If receiving gifts is your love language, you’re going to be very happy here. Open a new Virgin Money Go Account and we’ll welcome you with 5,000 bonus Virgin Money Points. Simply make a minimum of one settled debit card purchase, direct debit or BPAY payment in the first 30 days.⁵

5K points = $20 gift voucher from one of our many retail partners, including JB HiFi, Amazon, Woolworths and Bunnings.

_{Offer ends 31/01/26. New customers only.}

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Frequently asked questions

Your go-to guide for comparing bank accounts and finding smarter ways to save.{sub-heading}

View all FAQs

How do you compare bank accounts?

To compare bank accounts, we recommend reviewing the features, account fees, interest rates, as well as benefits and rewards of each account to find one that suits your needs. Luckily, we have broken all of these elements down in the information above. This will allow you to find the best features and rates for your needs.

What is an account keeping fee?

An account keeping fee, also known as a monthly service fee or maintenance fee, is a charge that a bank or financial institution may apply to your account for managing and maintaining it. This fee covers the cost of administering your account, providing services such as online and mobile banking, and processing transactions. Virgin Money does not charge any monthly account keeping fees or ATM fees on any of our transaction or saving accounts.

Why should I compare savings accounts?

Comparing savings accounts can help you find the best fit for your financial needs. It allows you to evaluate different accounts based on your specific requirements, such as low fees, high interest, or excellent customer service.

How often should I compare bank and savings accounts?

It's a good idea to compare bank accounts annually, or whenever your financial situation changes. This ensures you're always getting the best features and rates for your needs.

Can I switch to a different bank account after comparing?

Definitely. If you find a bank account that works better for you, you can apply for a new account and switch over. Virgin Money offers assistance with the switching process, and there are free independent financial counselling services that can also help you with your banking decisions.

Is it free to compare bank accounts on Virgin Money?

Yes, it's completely free to compare bank accounts on the Virgin Money website. We believe in helping our customers make informed financial decisions.

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