Virgin Money has launched a new current account switching offer, at a time when several cash sweeteners for people to move their bank have vanished. The new current account offer gives switchers to Virgin Money’s current accounts – the Virgin Money M Account, M Plus Account and Club M Account – a bonus interest rate of 10% gross fixed on current account balances up to £1,000 for a year from July 1 2024 to June 30 2025. Both the Virgin Money M Plus Account and Club M Account already offer an interest rate of 2.00% gross (variable) on current account balances up to £1,000. New customers switching to either one of these accounts will have an additional 10% rate gross (fixed) on balances up to £1,000 for a year, equating to 12% when the existing rate is added to the bonus. The M Account does not normally pay in-credit interest but, because the product is in the switching offer, someone meeting the eligibility criteria would qualify for the 10% bonus on balances up to £1,000, potentially generating £100 in interest. All three of Virgin Money’s current accounts have a linked savings account, offering 2.48% gross/2.50% AER (variable) interest on balances...