Virgin Money has launched a one-year savings account which will pay 3% interest, but only if Manchester United football club wins both the Premier League and the FA Cup.
The Double Champions Bond offers savers a 3% return if Jose Mourinho’s side scoops both the league and the cup in the 2017/18 football season.
If Manchester United fails to win both competitions, savers will instead earn 1% on their balance.
The bond can be opened with between £1 and £1 million either online or in one of Virgin Money’s branches. Up to £85,000 held with Virgin Money is protected by the Financial Services Compensation Scheme.
Account holders will also be entered into monthly draws to win match tickets and Manchester United memorabilia.
A one-year fixed saver paying 3% interest would be by far the highest rate available today. But this depends on Manchester United winning both the Premier League and the FA Cup – a big gamble.
According to bookmakers Bet365 and Paddy Power, the odds of this happening are 20/1.
If you’re unwilling to take the risk, the top paying one-year fix comes from OakNorth Bank. Its Fixed Term Deposit account pays 1.86%, fixed for a year.
For more top savings accounts, read the Moneywise guide to this week’s top savings accounts.