Virgin Money Launch Special Savings Rate if Man United Win The League
Virgin Money have launched a new ‘Champions Bond’ savings account which offers a 2.5% rate, but only if Manchester United win the Premier League in the 2016/2017 season.
The savings account, which can be open from as little as £1, will be fixed at 1.25% for the first year and customers who open the account will be entered into the ‘United Rewards’ scheme.
The rewards scheme is expected to offer customers the chance to win matchday tickets, signed shirts and even hospitality.
Virgin Money savings director, Rajesh Ahuja, said:
“The Manchester United Champions Bond offers savers a competitive interest rate, with a potential win bonus where they can double their interest earned if the club wins the Premier League next season.
“Combined with the prizes available through the United Rewards scheme, which are exclusively for customers, we think this is a real winner for savers.”
Virgin founder, Richard Branson, announced on Monday the bank had agreed a sponsorship deal with Manchester United.
“Virgin and Manchester United have very similar philosophies – we both want to change the game, not just play it.
“The two coming together under this new partnership with Virgin Money will create something really special.”
The ‘Champions Bond’ savings account would be one of the most competitive in the market but it gambles on the Red Devils winning the league.
Manchester United are currently second favourites to win the Premier League and with the announcement they are likely to sign Pogba, those odds could still improve.
The Old Trafford club have around double the amount of commercial partners than any other club in the Premier League, despite finishing 5th last season.