A Royal offer for all Louis and Louises

Virgin Money celebrate the birth of the Royal Baby with a £25 gift to Young Saver customers named Louis or Louise.

 

On 23 April 2018, The Duke and Duchess of Cambridge announced the arrival of their new baby boy, named Louis.

To celebrate the birth of the newest Royal arrival, we are paying £25 into Virgin Money Young Saver or Fred the Red accounts opened in Store where the named child on the account is called Louis or Louise.

Rhian Emmanuel, Director of Savings at Virgin Money said

The arrival of a new baby in a family is always something to celebrate, and we are delighted to offer £25 into these new accounts.

Saving early for your child’s future is important and can provide them with a great start when it is time for them to set off on their own. We hope that by offering these accounts, we can help them have a flying start.

The Virgin Money Young Saver and Fred the Red accounts pay 2.00% AER1 Gross2. P.A. They are available through Virgin Money Stores to customer aged under 16. Accounts can be opened with just £1 and the maximum balance is £25,000. The Virgin Money Young Saver is also available by post or phone.

Find out more about these products or find your local Virgin Money Store at our website.

Terms and Conditions apply.

1 AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

2 Gross P.A. is the rate of interest paid without the deduction of tax. Please note that the automatic deduction of tax on savings interest for non-ISAs ceased with effect from 6 April 2016.

£25 Royal Baby Incentive Terms and Conditions

£25 Royal Baby Incentive Terms and Conditions

1. Who can qualify for the Deposit Offer?

  • The named child on a Young Saver or Fred the Red account (“an eligible account”)

2. When will the Deposit Offer open and close?

  • The Deposit Offer will open on 27 April 2018 and will close either at 5pm on 08 June 2018 or once 500 Deposits have been paid on the eligible accounts (whichever is soonest) (“the Qualifying Period”).

3. How do you qualify for the Deposit Offer?

  • To qualify for the Deposit Offer the named child on an eligible account must have a first or middle name that is registered with us of Louis or Louise or (at our sole discretion) a variation of those names.
  • The eligible account must be opened during the Qualifying Period.

4. What is the Deposit Offer amount?

  • £25 which will be paid into the eligible account (“the Deposit”).
  • The Deposit is non-transferable.

5. When will the Deposit be paid?

  • Five working days from opening of the eligible account.
  • The eligible account passbook will be updated to show the deposit of £25 the next time it is taken to one of our Stores.

6. What else do you need to know?

  • If you open more than one of the eligible accounts you can only receive the Deposit Offer once.
  • If the Promoter reasonably believes the Deposit Offer is being abused in any way the Promoter reserves its right to stop the Deposit being made.
  • No other offer can be used in conjunction with the Deposit Offer.
  • Standard Savings Account Terms and Conditions and Key Product Information applies.
  • Your personal information and the name of the named child will be used to administer the Deposit Offer.
  • You may be asked but are not under an obligation to participate in non-paid publicity.
  • The Deposit Offer is subject to English law.
  • The Promoter reserves the right to modify, terminate, suspend or extend the Deposit Offer at any time without notice or liability where there is a good reason for doing so.
  • Events may occur which render the Deposit Offer itself or the awarding of the Deposit impossible due to reasons beyond our control and, accordingly, we may in our absolute discretion vary or amend the Deposit Offer and you agree that no liability shall attach to us as a result thereof.

7. Who is the promoter?

  • We are Virgin Money plc.
  • Our company number is 06952311.
  • Our registered office is at Jubilee House, Gosforth, Newcastle upon Tyne, NE3 4PL.
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