Virgin Money Boost Saver (Lock Saver, 32-day notice, 18 or over) Summary
Description
Your everyday Virgin Money Go Account comes perfectly bundled with a Boost Saver - our highest interest earning savings account - to help you smash your goals sooner.
Benefits
- No monthly savings-account fee.
Hoops
- Applicants must be at least 18.
- 32 days’ notice is required before withdrawals.
- For bonus interest, deposit at least $1,000 each month, make at least 5 eligible transactions each month. Check the full requirements below.
- Bonus qualification uses activity from the previous month.
- Ongoing rate cap: $250,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Virgin Money Boost Saver (Lock Saver, 32-day notice, 18 or over) |
|---|---|
| Maximum variable rate | 5.80% p.a. |
| Ongoing interest rate | 5.80% p.a. |
| Base interest rate | 0.55% p.a. |
| Minimum age | 18 years |
Source: noren.com.au
All comparison details
| Base | 0.55% |
|---|---|
| Ongoing | 5.80% |
| Ongoing cap | $250K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $1,000 |
| Growth/mth | $0 |
| Buys/mth | - |
| Txns/mth | 5 |
| W/d/mth | - |
| Min age | 18 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.55% p.a., before bonus interest.
- Ongoing: 5.80% p.a. when bonus conditions are met. Up to $250k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.55% | Whole balance | All balances |
| Ongoing total, conditions met | 5.80% | This band only | First $250k |
| Ongoing total, conditions met | 0.55% | This band only | Over $250k |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- Deposit at least $1,000 externally into the same-name linked Go Account and make at least five settled eligible purchases, direct debits or BPAY payments that month. Qualification activates the bonus in the following month. Monthly bonus applies to the first combined $250,000 across same-name Boost accounts, excess earns base.
- Enable Lock Saver to earn the separate notice increment on all credit balances. A 32-day notice period is required to access funds. The notice increment stops as soon as unlocking is requested, including throughout the waiting period. If monthly criteria fail, only base plus the enabled-lock increment is earned.
- Qualification timing: Activity in the previous month determines eligibility for the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Virgin Money.
- You must be at least 14 years of age to apply for a Virgin Money Boost Saver
- Australian resident: Australian resident
- Personal use, Australian residential eligibility and Virgin Money app required. Joint and individual account groups qualify separately. Base comparison assumes the relevant shared bonus allowance is available.
- Lock Saver is an optional adult-only feature, no under-18 locked scenario is offered.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.