Earn 2.5% interest on your savings - if Man Utd win the Premier League

Published by Tom Wilson on 20 July 2016.
Last updated on 05 August 2016

The new ‘Champions Bond’ is a one-year savings account offered by Virgin Money, after the bank announced earlier this week that it has partnered with the Red Devils.

Even if the reds don’t reach the top of the table the account will pay 1.25% AER, which is better than you’ll get on most one-year savings accounts.

However, the back-up rate can still be beaten over a year.Charter Savings Bank currently pays 1.79% AER on balances between £1,000 and £250,000. It’s available online only.

 

If you want to take a punt on the Champions Bond, it’s available via virginmoney.com, and can be opened with £1. It’s a fixed rate account, so money will be locked away until the account matures.

People who sign up will also qualify for a reward scheme, which has a monthly prize draw including match day tickets and signed replica shirts. Account holders get ten raffle tickets in the monthly draw, plus one extra ticket for every £50 in their account.

As with Premium Bonds, the chances of winning improves the more customers save.

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