Vantage
Earn 1.5% AER variable on balances of £1 - £5,000 with Vantage
Vantage is our free add-on for current accounts that pays you 1.5% AERAnnual Equivalent RateThis illustrates what the interest rate would be if interest was paid and compounded once each year. This allows you to compare more easily what return you can expect over time. (1.49% grossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC.) variable on balances of £1 - £5,000. Interest is paid monthly. Bear in mind that you won’t earn interest on any amounts over £5,000.
If you have a Classic, Silver, Platinum, Gold or Premier Account, you can add Vantage to it.
Please note: From the 1st October 2019, we will be changing the interest you can earn on accounts with Vantage. The current interest rate of 1.5% AER/1.49% annual gross variable, payable on balances from £1 up to £5,000, will reduce to:
- 1% AER / 0.99% annual gross variable on balances from £1 up to and including £3,999.99 and will increase to
- 2% AER / 1.98% annual gross variable on the part of any balance from £4,000 to £5,000
Provided you meet the qualifying conditions for credit interest. For details of this change please see the Vantage guide (PDF).
Do I qualify for Vantage?
It’s straightforward; simply:
- pay at least £1000 into your account each calendar month, and
- stay in credit (above £0) during the monthly billing period, and
- pay at least two different Direct Debits from your account each calendar month.
If in any month you don’t meet these criteria, you won’t earn any interest but you won’t be charged for having Vantage.
|
Balance |
AER % - Interest Paid Monthly |
Gross p.a % - Interest Paid Monthly |
|---|---|---|
Balance£1 - £5,000 |
AER % - Interest Paid Monthly1.5 |
Gross p.a % - Interest Paid Monthly1.49 |
Alternatively, you can phone us or visit us in branch. You can also compare all our bank accounts to see which one suits you best.
More information about Vantage
Classic Account with Vantage Conditions (PDF)
Added Value Current Account Vantage Conditions (PDF)
Classic Vantage Fee Information Document (PDF)
Platinum Vantage Fee Information Document (PDF)
Silver Vantage Fee Information Document (PDF)
You need to be aged 18 years or over.
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 of 11 June 2017.
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 under registration number 169628.
