Virgin Money Grow Saver
If you don't need an everyday bank account, but you're after the benefit of a dedicated high interest savings account, a Grow Saver has your name all over it.
- Base rate
- 0.05%
- Bonus rate
- 3%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Bonus Additional variable interest rate earned on a Grow Saver where the optional Lock Saver Feature is enabled. Provide 32 days' advance notice to unlock your account or withdraw your money. | 2.2% | Up to 250K | monthly |
| Variable | 0.05% | — | monthly |
| Bonus Additional variable interest rate earned on a Grow Saver where the optional Lock Saver Feature is enabled. Provide 32 days' advance notice to unlock your account or withdraw your money. | 3% | Up to 250KUp to 250K | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Paper Statement - International Charged monthly · Charged for each paper statement that is required to be posted to an International Address. | Ongoing | $5.00 |
| Paper Statement - Domestic Charged monthly · Charged for each paper statement that is required to be posted to an address in Australia. | Ongoing | $3.00 |
| Domestic ATM Withdrawal We don't charge a fee to withdraw cash, however a fee may be charged by the ATM Operator and should be displayed on the screen before proceeding with the withdrawal. Most major bank ATMs do not charge a fee, giving you access to over 10,000 ATMs across Australia. | Withdrawal | $0.00 |
| Electronic Transaction Error Correction Fee Charged when the bank is requested by you or the recipient Financial Institution or Biller, to correct an error you have made with a BPAY payment, using the 'Pay Someone' functionality, or NPP transaction. | Event | $30.00 |
| Direct Debit Dishonour Charged for each direct debit that is dishonoured on the same day that the dishonour takes place. | Dishonour | $0.00 |
| Internation ATM Withdrawal |
Features
- Earn an additional variable interest rate earned on a Grow Saver where the optional Lock Saver Feature is enabled. Provide 32 days' advance notice to unlock your account or withdraw your money. This feature may be suitable for savings you don't need to immediately access.
- PayID
- Use your mobile number or email address to receive PayID payments
- Notifications — Notifications
- Get Clever insights and real-time alerts
- Feel safe knowing your deposits are guaranteed up to $250,000 per customer by the Australian Government's Financial Claims Scheme
- Unlimited transactions
- Digital banking
- Real-time payments (NPP)
Eligibility
- Minimum age — 14 yearsYou must be at least 14 years of age to apply for a Virgin Money Grow Saver
- Residency status — Australian residentAustralian resident
More Information
Published by Virgin Money under the Consumer Data Right · Last updated 3 June 2026 · Product ID d4176288-5c03-ee11-8f6e-00224814dce7 · View on CDR.gov.au · View Source Data (JSON)