Virgin Money offers 3% saver... but only if Manchester United does the double

Virgin Money offers 3% saver... but only if Manchester United does the double

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.

Moneywise verdict

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

Published: 04 July 2017
Last updated: 04 July 2017

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