Grow Saver
Earn up to {banking-rates || gr5 || rate} % pa with a high yield savings account. The handy Lock Saver Feature helps you grow your savings, not your spending.35
We’re putting saving into your hands
Put your savings on autopilot with Round Up6, Lock Saver35 and goal tracking – start saving smarter, with our handy app.
Grow Saver good-to-knows
From smart features to bonus interest – here’s how to make it all work for you.
No cap on your savings
Meet the monthly criteria35 and grow without limits. Because high interest savings accounts should reward every dollar you stack away.
Lock it in, earn more
Enable Lock Saver to score an extra {banking-rates || gr4 || rate} % pa interest.35 Withdrawals take 32 days - great for your long-term goals.
Aged 14 – 17
If you're 14 – 17 years old, you’ll earn {banking-rates || gr2 || rate} % p.a.4 bonus interest automatically – no monthly criteria rules for you.
Joint accounts, shared goals
Got a joint Go Account? You’ll both work toward the same monthly criteria, making it easier to earn that bonus interest.
Flexible access your way
Withdraw once a month without losing bonus interest – or turn on Lock Saver and withdraw with 32 days’ notice.35
Save for up to 9 goals
Open up to 9 Grow Saver accounts to reach your goals faster. It’s smart, simple and made for fans of high interest savings accounts.
Built-in saving smarts
Get budgeting tools, spending insights and real-time alerts – all in one clever app that helps you save smarter, not harder.
Zero monthly account fees
No monthly fees mean more savings for you. That’s one of the perks that makes our high interest savings accounts really pay off29.
Make banking easier with the Virgin Money app
A smart app that’s got your back
Part money coach, part hype man – our app helps you build better habits, stay on track, and feel good about your savings.
Round Up and save on autopilot
Round Up rounds your spending to the nearest dollar and saves the difference – an easy hack to grow your savings every day.6
Lock in extra interest
Switch on Lock Saver to earn more. A simple way to supercharge high interest savings accounts with long-term goals in mind.35
Goals, insights and real-time wins
Create up to 9 savings goals and let the app guide you. Get nudges, insights and live updates to help you stay on top of your game.
Your bonus interest bank-warming gift
Start off strong. Open a Grow Saver Account, meet the criteria and earn {banking-rates || gr5 || rate} % pa on your savings.
Offers ends (date tbc). New customers only. Terms and conditions apply.
Frequently asked questions
Here to help you get started, stay on track and make the most of your savings.{sub-heading}
What are high interest savings accounts?
High interest savings accounts are designed to help you reach bigger, long-term goals – whether that’s a home deposit, extended travel, a career break or your child’s education.
They typically offer a higher interest rate than standard savings accounts, helping your money grow faster over time. Look out for features like no fees, no maximum balance, and competitive interest to get the most from your savings journey.
How is Grow Saver different to other savings accounts?
How much should I put in my long-term savings?
This largely depends on your financial goals, income, expenses, and personal comfort level. Financial experts often recommend saving at least 20% of your income. However, this amount can be adjusted based on your individual circumstances and objectives.
The key to successful long-term savings is consistency. Even small, regular contributions to your savings account can add up over time. Consider seeking advice from a financial advisor to create a savings plan that suits you.
What's the difference between Grow Saver and Boost Saver?
They’re both high interest savings accounts. The Virgin Money Boost Saver is our highest interest savings account that comes with a seriously rewarding linked transaction account – the Virgin Money Go Account.
If you don’t need an everyday bank account, then the Virgin Money Grow Saver could be for you.
But if you love rewards and want to score Virgin Money Points on your everyday purchases, direct debits and BPAY payments, PLUS get a higher interest savings account, then check out the Boost Saver benefits.
If I withdraw money from my Grow Saver, can I still get the bonus interest?
Can I get the Virgin Money Grow Saver without a Virgin Money Go Account?
You sure can. The Grow Saver is an independent operator, so you don’t need a Virgin Money transaction account to open one.
All you’ll need is a transaction account with any bank or financial institution to transfer money in and out of your Grow Saver.
Want to keep things in the family? The Virgin Money Go Account makes a great everyday companion, and it earns you rewards, too.
Find out more about Go Account
Do I have to download the app to apply for my savings account?
No – not to apply for your Virgin Money bank account. You can apply for an account through either the Virgin Money mobile app or our website.
But you will need to download the app to manage your account. 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.
Learn more
Discover insights and tools to manage your money better, save more, and get rewarded every day.{sub-heading}
Useful links
Didn’t find what you were looking for? Go to our help and support page to find out more.{sub-heading}
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Contact Us
Need a hand? Our team’s here to help with anything from getting started to unlocking your full savings potential. {sub-heading}
We’re putting saving into your hands
Put your savings on autopilot with Round Up, Lock Saver and goal tracking – start saving smarter, with our handy app.