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 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:

  • Variable tiered interest rates start from 1.50% AER/1.49% Gross on balances of £1-£1,000 and go up to 3.00% AER/2.96% Gross on balances of £3,000-£5,000.
  • Earn interest on the whole balance up to £5,000. The rate varies depending on how much is in your account. View Vantage interest rates.
  • Interest is calculated daily and paid into your current account monthly. 

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 

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.

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

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.

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Cashpoint® is a registered trade mark and is used under licence by Bank of Scotland plc.

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

Apply for Vantage

  1. Premier Account 
  2. Platinum Account
  3. Gold Account
  4. Silver Account
  5. 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 visit your local branch.

Vantage terms and conditions

  1. Premier Account with Vantage Conditions (pdf)
  2. Platinum Account with Vantage Conditions (pdf)
  3. Gold Account with Vantage Conditions (pdf)
  4. Silver Account with Vantage Conditions (pdf)
  5. Classic Account with Vantage Conditions (pdf)