Nationwide Building Society has completed its acquisition of Virgin Money.

Together, the organisations will be the UK’s second largest provider of mortgages and savings accounts.

There will be no immediate impact to Virgin Money (or Clydesdale and Yorkshire Bank) products and services.

Chris Rhodes, CEO of Virgin Money, said: “Virgin Money Stores are now included in Nationwide’s Branch Promise. This means that everywhere there is a Virgin Money Store, we promise to still be there until at least the start of 2028.

“For now, Customers who have savings with both Virgin Money and Nationwide will continue to benefit from the maximum protection offered by the Financial Services Compensation Scheme on each of their Virgin Money and Nationwide accounts.

“As we integrate Virgin Money and Nationwide carefully over time, the benefits we offer to our customers will only increase.”