Virgin cuts investment rates

The lender has announced multiple changes for its fixed rate interest only and principal and interest products

Virgin cuts investment rates

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Virgin Money has announced multiple rate reductions on its fixed rate investment products.

The changes, which come into effect tomorrow (19 December), will decrease rates on the 1-5 year fixed rate interest only investment products and the 4 year fixed rate principal and interest product.

Changes are as follows:
 
Term Current rate (p.a.) New rate (p.a.) Change
Investment - Fixed interest only
1 year 4.49% 4.39% -0.10%
2 year 4.39% 4.14% -0.25%
3 year 4.39% 4.29% -0.10%
4 year 4.59% 4.29% -0.30%
5 year 4.69% 4.59% -0.10%
Investment - Fixed principal and interest
4 year 4.44% 4.29% -0.15%

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