Vantage

Add Vantage to your current account and earn competitive, tiered variable interest on your whole balance up to £5,000. So the bigger your balance, the harder your current account will work for you.

Vantage is a free addition for your Premier, Platinum, Gold, Silver or Classic current account giving you the benefit of credit interest on your current account. So it gives you the opportunity to earn a competitive tiered rate of interest on your current account without having to manage multiple accounts and move money around during the month.

To get the benefit of Vantage each month you must:

  • Pay into your account at least £1,000 each calendar month;
  • Keep your account in credit (that is above £0) during the monthly billing period.

In months you don’t meet the Vantage conditions, you won’t earn interest on the amount in your account for that month. You also won’t earn interest on amounts over £5,000.

Vantage features and benefits 

Vantage Interest Rates

Balance  Interest Paid Monthly  
AER % Gross p.a. % Net %
£1+ 1.50 1.49 1.19
£1,000+ 2.00 1.98 1.59
£3,000 up to £5,000 3.00 2.96 2.37

Correct as at: 12/09/2011

Earn interest on the whole balance up to £5,000. In months you don’t meet the Vantage conditions, you won’t earn interest on the amount in your account for that month. You also won’t earn interest on amounts over £5,000. The rate varies depending on how much is in your account. Interest is calculated daily and paid into your current account monthly.

Apply for Vantage today:

If you’re an existing current account customer you can upgrade your account at no extra cost. If you’re registered for Internet Banking just log on and click on the upgrade link next to the account name.

Alternatively, you can upgrade over the telephone or by visiting your local branch.

For each month that you meet the Vantage conditions, interest is calculated daily on the balance of your account at the relevant Vantage interest rate from the second working day of that month. The interest is paid into your account at the end of the first working day of the next month. Rates are correct as at 12th September 2011.

AER (Annual Equivalent Rate) – the rate if interest was paid and compounded once a year. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. Net is the interest rate payable after the deduction of income tax at the rate specified by law.

We may monitor and record calls.

Account opening is subject to our assessment of your circumstances. You must be 18 or over to apply.

Bank of Scotland plc, Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh, EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Apply for Vantage

  1. Classic Account

 

Existing current account customers can upgrade quickly if you’re registered for Internet Banking. Just log on and click on the upgrade link next to the account name.

Upgrade

You can also apply over the phone on 08457 21 31 41 (Mon-Fri 8am-10pm, Sat-Sun 8am-6pm) or make an appointment at your local branch.

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