Earn interest on your credit balance by adding Vantage
Vantage is our free add-on for current accounts. It pays 0.60% 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./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. p.a. variable on balances from £1 up to and including £3,999.99, and 1.50% 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. p.a.) variable on any part of the balance from £4,000 up to and including £5,000. You won’t earn interest on any balance over £5,000.
You can add Vantage to Classic, Silver, Gold, Platinum and Premier accounts.
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.
You won’t earn interest on any balance over £5,000.