Virgin Money has launched a new “Manchester United Double Champions Bond” that it says offers savers a competitive interest rate of 1% fixed for one year with the rate increasing to 3% annual gross if Manchester United wins the Premier League title and Emirates FA Cup in the 2017/18 season.

Customers opening a Double Champions Bond will automatically benefit from the “United Rewards” scheme.

Rajesh Ahuja, Savings Director at Virgin Money said: “With a competitive rate of interest, plus the potential for an additional double-interest bonus if Manchester United win the league and Emirates FA Cup, we expect the new Double Champions Bond to be really popular ahead of the start of the new season.”

Virgin Money is the official retail financial services partner of Manchester United in the UK.