The Virgin Saver is one of several new banking products offered by Sir Richard Branson’s Virgin Money. Virgin Money is the financial services arm of Branson’s Virgin Group. Branson said the purpose of the launch of the products was to shift control from the consolidated ‘Big Four’ banks that don’t offer Australians the rights to choose better, more competitive banking products. By allowing Australian’s the right to choose better products, Branson says the citizens stand to save $10 billion collectively over the next 10 years. The Virgin Saver is one of those products.
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