Earn up to 3% AER variable on balances up to £5,000 by adding Vantage. 3.00% AER (2.96% Gross) variable on balances £3,000-£5,000, 2.00% AER (1.98% Gross) variable on balances £1,000-£2,999.99, 1.50% AER (1.49% Gross) variable on balances £1 - £999.99. Pay £1,000 in each month and stay in credit to qualify for monthly interest. No interest on balances over £5,000.

What is Vantage?

Is your current account often in credit? Then you could be missing out on earning interest.

Vantage is our free add-on for current accounts that pays you 3% AER (2.96% Gross) variable on balances of £3,000 - £5,000, interest is paid monthly.

Don't worry if your balance isn’t always that high, we still pay interest at a lower rate on smaller balances. 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.


Qualifying for Vantage

It is 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.

Vantage Interest Rates

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

AER is Annual Equivalent Rate - this illustrates what the interest rate would be if interest was paid and compounded once each year. This allows individuals to compare more easily what return they can expect over time.

Please note interest paid before 6th April 2016 will have been paid net (unless you registered the account with us to receive gross interest). Net is the rate of interest payable after allowing for the deduction of income tax at the rate specified by law (currently 20%).

From 6th April 2016 interest is paid Gross, meaning we will not deduct tax on your behalf. Dependent on your personal circumstances, tax may be due on your interest and it is your responsibility to disclose and pay any tax due directly to HMRC.

I want a new current account with Vantage

Apply for a Classic Account and add Vantage during your application.

We should be able to give you a decision within 10 minutes.

 Apply today 

I already have an account to add Vantage

If you are registered for Internet Banking, just log on and click on the ‘Upgrade’ button next to the account you would like to add it to.

If you are not registered, you can register for Internet Banking.

 Add Vantage online 

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 August 2015.

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. We subscribe to The Lending Code.