Virgin Money M Plus Account

Gross rate | Gross rate | AER rate | AER rate | |
---|---|---|---|---|
Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
£1 | 2% | 2% | 2.02% | 2.02% |
£1,001 | 0% | 0% | 0% | 0% |
Maximum Age | Unlimited |
Maximum Investment | Unlimited |
Minimum Age | 18 years |
Compare packaged accounts that could save you money by including things like mobile phone cover and travel insurance for just a small monthly fee.
You'll only find results from genuine companies. Our data experts check each company before we add them to our comparisons.
1
Compare bank accounts
Use our bank account table to find one that offers all the features you need that will cost the least in fees.
2
Check the eligibility
Make sure you fit the eligibility criteria for your chosen current account and have proof of ID.
3
Apply for the account you want
Click 'view deal' and fill out the application form on the provider's website with your personal details.
4
Start using your current account
Once your application has been approved, start using your new current account.
Gross rate | Gross rate | AER rate | AER rate | |
---|---|---|---|---|
Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
£1 | 2% | 2% | 2.02% | 2.02% |
£1,001 | 0% | 0% | 0% | 0% |
Maximum Age | Unlimited |
Maximum Investment | Unlimited |
Minimum Age | 18 years |
Gross rate | Gross rate | AER rate | AER rate | |
---|---|---|---|---|
Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
£1 | 0% | 0% | 0% | 0% |
Maximum Age | Unlimited |
Maximum Investment | Unlimited |
Minimum Age | 18 years |
Permanent UK Resident |
Gross rate | Gross rate | AER rate | AER rate | |
---|---|---|---|---|
Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
£1 | 0% | 0% | 0% | 0% |
Maximum Age | Unlimited |
Maximum Investment | Unlimited |
Minimum Age | 18 years |
Permanent UK Resident |
Gross rate | Gross rate | AER rate | AER rate | |
---|---|---|---|---|
Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
£1 | 0% | 0% | 0% | 0% |
Maximum Age | Unlimited |
Maximum Investment | Unlimited |
Minimum Age | 18 years |
Minimum Monthly Credit | £500 |
Permanent UK Resident |
Gross rate | Gross rate | AER rate | AER rate | |
---|---|---|---|---|
Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
£1 | 0% | 0% | 0% | 0% |
Maximum Age | Unlimited |
Maximum Investment | Unlimited |
Minimum Age | 18 years |
Permanent UK Resident |
Gross rate | Gross rate | AER rate | AER rate | |
---|---|---|---|---|
Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
£1 | 0% | 0% | 0% | 0% |
Maximum Age | Unlimited |
Maximum Investment | Unlimited |
Minimum Age | 18 years |
Permanent UK Resident |
Gross rate | Gross rate | AER rate | AER rate | |
---|---|---|---|---|
Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
£1 | 0% | 0% | 0% | 0% |
Maximum Age | Unlimited |
Maximum Investment | Unlimited |
Minimum Age | 18 years |
Permanent UK Resident |
We are classed as a credit broker for consumer credit, not a lender.
Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.
Packaged bank accounts and premier bank accounts come with one or more benefits.
The benefits of packaged bank accounts will vary in value. The 'value' includes how much the benefits are worth purely money wise, but also how important they are to you as an individual.
The best packaged bank accounts are the ones that meet your needs, but also offer good monetary value.
Our comparison table will help you to find the best packaged bank accounts available. It includes every one of the packaged bank accounts available in the UK.
It's always a good idea to work out how much the benefits would cost you to buy as standalone products. Do this before you commit to choosing one of the packaged bank accounts.
For example, packaged bank accounts with travel insurance can be great. But, if you've already bought an annual travel insurance policy, you might not need it.
All packaged bank accounts are different, but some of the best packaged bank accounts could come with financial products like:
A linked savings account with an exclusive interest rate.
The very best packaged bank accounts can also include additional features like:
VIP travel packages
Having your own account manager at your bank.
The more benefits that packaged bank accounts come with, the more they're likely to cost.
Find out more about what you can get with a packaged current account
Packaged bank accounts can be a cheaper option than buying the benefits separately. You can also cover several of your financial needs with just one account which can make things smooth and easy to manage.
But it's important to be aware that packaged bank accounts can also cost you more if the benefits are unsuitable or too expensive.
To find the best packaged bank accounts, there are a few things that are important to check, so that you don't end up with one that's unsuitable one for your needs.
Check that:
The fee costs less than buying the extra features separately
The account offers benefits you'll use
You don't already have the benefits it offers (for example, you might already have home insurance)
The insurance products on offer would pay out if you needed to claim
It offers all the other banking features you need (such as an overdraft or online banking.
Read more about whether packaged current accounts are worth the cost?
As with any travel insurance, it's important to declare any pre-existing medical conditions. If you don't, you could invalidate the policy.
It's also a good idea to check whether bank accounts with travel insurance are offering protection against coronavirus. And it's worth checking if you get winter sports protection, too.
You should be aware that some bank accounts with phone insurance limit your claims to one or two per year. Check the small print carefully.
The same applies to breakdown cover - some banks restrict how many call-outs you can make a year.
It's important to be aware that packaged bank accounts can also cost you more if the benefits are unsuitable or too expensive. Make sure you're actually making a saving, otherwise a packaged account may not be for you. ”Florence Codjoe, Personal Finance Editor
You can, and these can be an excellent idea. Often, you'll get the perks for all the account holders for just one fee. This can make the account much better value, so it's worth looking into.
Don't forget that if you have a joint packaged bank account, you'll both be liable for any debts accrued on the account.
Peace of mind because you’re fully insured 12 months a year
One straightforward monthly fee
Don’t need to purchase insurance separately every time you travel
High-end cover levels
You may not need all the benefits, in which case it isn’t great value for money
Other accounts may offer better rewards, such as interest on your balance
There are rules about how insurance should be sold as part of packaged bank accounts. For example, banks have to check:
Whether you're eligible to claim under the policies
Whether the policies are right for you
That you understand and are aware of what you're signing up for.
Providers of packaged bank accounts are obliged to provide clear and unambiguous information. If they haven't done that, you might have been mis-sold.
If you think you've been mis-sold a packaged bank account, the first step is to speak to your bank. Send them a letter or email them. They may be willing to make things right by refunding your fees. If they're not, you can take your complaint to the financial ombudsman.
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Read MoreComparing current accounts could save you money on overdrafts, get you cashback on bills or see you paid more interest on positive balances. Our multiple award-winning comparison service helps make sure you get the best deal possible based on your individual circumstances. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.
We have always aimed to provide the best possible services to bridge the gap between our users and our clients. Over the years, we have been thrilled to be recognised by various prestigious bodies and organisations for those efforts.
Last updated: 12 May, 2022