Virgin Money ISA
Are you looking for a reliable and the best ISA account that will help you get the best value for money? Do not let your money remain inactive for a long period of time, there are many options available to increase your savings. If you were to have your money in your regular savings account, you will be getting only very minimal interest besides that your interest will attract income tax minimizing the overall savings.
Alternatively, you can invest your money in government approved Virgin Money ISA savings plan. ISA means Individual Savings Accounts. Using this option, you will be able to save up to £7,200 every tax year. You can choose to save as cash or as stocks or bonds. There are two types of Virgin money ISAs namely cash ISAs and Stocks and Shares Virgin Money ISAs. When you choose Cash ISAs, Virgin money ISA will work like any other savings account with the difference that it will bring you additional tax savings that you cannot get with your regular savings account. This savings scheme does not have any risks what so ever. You will be able to invest up to £3,600 in a cash account. The returns of your Virgin Money cash ISA account will be relatively lower than your stocks and shares account.
Virgin Money ISA stocks and shares come in multiple forms. You can go for Bond and Gilt ISA, which has higher returns than your cash ISAs. This is suitable for investors that are looking for low risk investments with good returns. Another type of stocks and shares ISA is FTSE tracker ISA. This will be like regular stock markets. You will be able to spread your investments across various stocks on the London stock exchange. Here the returns are higher than any other ISA type above. However, the risk level is also considerably higher here.
You can go for yet another high performing ISA from Virgin Money, which is Virgin Climate Change ISA. This is meant to outperform the stock markets and your regular cash ISA. Here the risk factor is also higher than all the other types of ISA accounts. By bringing variety of options to its customers, Virgin Money meets every individual’s savings needs in the most effective way brining highest value for their money.
With ISA you will be able to save a considerable amount of money and make each pound give you extra value, as there will be absolutely no tax deductions here. Virgin Money in particular offers you better interest rates enhancing the value of your investments even further. It always pays to get use an established financial institution to entrust with your savings. You will be safe and at the same time, you will be able to get better value for money.