Virgin Money has launched a new ISA paying a fixed interest rate of 1.2% for one year, plus a bonus if Manchester United win the Premier League title and Emirates FA Cup in the 2017/18 season.
The Double Champions ISA will also pay a ‘win bonus’ of an extra 2% if Manchester United come good. However, Ladbrokes and Coral currently put the chances of them doing so at 18:1.
The current top one-year fixed rate ISA – is from Charter Savings Bank, paying 1.31%, though Virgin Money’s normal ISA is paying 1.3%.
The new ISA can be opened with £1 and is available online and through all Virgin Money Stores.
The ISA will automatically benefit from the ‘United Rewards’ scheme. Each month investors can win a range of prizes including match day tickets for Old Trafford, signed Manchester United replica shirts and a range of other prizes. The more customers save, the higher their chances of winning.
Rajesh Ahuja, savings director at Virgin Money, said: “With Manchester United having made a strong start to the season and riding high in the Premier League, our new Double Champions ISA offers savers a competitive interest rate, plus the chance of a win bonus if Manchester United win the Premier League and Emirates FA Cup.”