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Northern Rock plc (Virgin Money) Savings Account

 

northern rock

 

 

Northern Rock plc (Virgin Money)

Virgin Easy Access Saver (was Everyday Access)

 

Please note that the Northern Rock Everyday Access account has been discontinued

and has been superceded by the new Virgin Easy Access Saver account (click on link).

The account is virtually identical, though, in it's operation and the facilities it offers.

 

This is because since November 2011 Virgin Money has been the new owner of

Northern Rock plc.

 

Up until recently Northern Rock plc had been owned by the state.

 

The previous Northern Rock Everyday Access savings account was an instant access

account that could be opened with a minimum initial deposit of £1. Withdrawals and

further deposits were also a minimum £1.

 

The account came with a passbook if you chose to manage it through any Northern

Rock branch. They have numerous branches throughout the country. It could also

be operated through Head Office by post, if so desired.

 

You could fund your account with cash (branch only) and cheques (min £250) and

once fully opened you could set up a standing order from your personal current

account and also use BACS and CHAPS.

 

Withdrawals could be made by cash at any branch (up to £500 per day), by counter

cheque (up to £500,000 per day) or by bank transfer or CHAPS to your specified

personal bank or building society account.

 

The maximum balance was and still is £100,000 for this particular account but you

can still save up to £2M in total in all Northern Rock (Virgin Money) accounts you may

hold.

 

It is open to anyone aged 16 and over and up to four individuals can jointly hold an

account.

 

You can apply for the new Virgin Easy Access Saver account online, in branch, by post

or by phone.

 

Interest can be paid either annually or monthly.

 

Virgin Money (was Northern Rock plc) offers a wide range of savings accounts

(currently more than 20 including Cash ISAs, easy access like the one detailed,

limited access, fixed term and several children's) and even a current account.

They also offer mortgages and insurance.

 

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