Savings account · 14+ years
Virgin Money Grow Saver
3.30%p.a. total
0.05% base + 3.25% bonus when the conditions are met
129th of 151 savings accounts · market average 4.46%
The RBA raised the cash rate to 4.85% on 4 November. Virgin Money Grow Saver hasn't moved yet. After the September rise it moved 21 days later.
What the bonus asks
2 things each month- Each month
- A deposit
- At most 1 withdrawal
- A month without them
Pays the 0.05% base rate on the whole balance.
- Who can open it
Anyone 14 or over
- Balance
No balance cap.
Rate history
Last change 21 Oct- Virgin Money Grow Saver
- RBA cash rate
- Market average
October 20261 change
- 21Wed
- 3.05 → 3.30Bonus rate 3.00% → 3.25% · 21 days after the RBA rise to 4.60%+0.25
- #106SepSep 2026: ranked 106 of 120
- #125OctOct 2026: ranked 125 of 150
- #129NowNov 2026: ranked 129 of 151
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
Mostly outside the top half of accounts over the last 3 months: from #125 of 150 in Oct 2026 to #106 of 120 in Sep 2026.
- A year meeting the conditions
- $1,650
- A year without meeting the conditions
- $25
- Against the average (4.46%)
- −$579
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
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.
Notes from savers
to leave a note.
Other Virgin Money accounts: Virgin Money Boost Saver with Lock Saver 5.80% · Virgin Money Boost Saver 5.30%
Pays 3.30% p.a. total (0.05% base plus 3.25% bonus) as of 9 November 2026. Ranks 129th of 151 savings accounts tracked by BankMate, 1.16 points below the average of 4.46%. The rate last rose on 21 October 2026, 21 days after the RBA raised the cash rate to 4.60%. From Virgin Money's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·