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What you get with Vantage
How to add Vantage
Simply select an account with Vantage in your application. For existing customers add vantage by logging in to online banking and selecting upgrade.
There's no charge in any month you don't meet the qualifying criteria to earn credit interest.
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Arranged overdraft
An arranged overdraft can act as a short term safety net. You can use it to borrow money up to an agreed limit through your bank account.
- You can apply to add an arranged overdraft to your account and you’ll only pay daily arranged overdraft interest if you use it.
- If you use your arranged overdraft but pay it back before the end of the day, then you won’t pay any arranged overdraft interest for that day.
Helpful tools - You can use our eligibility checker and cost calculator to check your eligibility and calculate the cost of an arranged overdraft.
Applying for an arranged overdraft – When you have applied for this account, at the end of the application you can apply for an arranged overdraft which you can add right away. You can also apply for one later.
Amending an arranged overdraft - You can reduce or remove your arranged overdraft at any time through mobile banking, online banking or telephone banking. But you must repay anything you owe if you want to remove an arranged overdraft or anything over the new reduced limit you want. You can also apply to increase it. Using an arranged overdraft increases your overall borrowing and may affect your credit score.
If you don't have enough money in your account or available arranged overdraft to make a payment, we may either let you borrow through an unarranged overdraft or refuse to make the payment. Missing payments and using an unarranged overdraft can damage your credit score, get in touch with us as we may be able to help you.
All overdrafts are subject to application and repayable on demand. You must be 18 or over to apply.
Arranged overdraft details
- £0 interest free amount
- 29.9% EAR (variable) representative
- Your interest rate will be based on how you manage any accounts you have with us and on the credit information we have about you
- No unarranged overdraft interest, fees or charges
How does our overdraft compare?
You can use the representative APR to compare with other products or credit providers, this can help you make sure that you chose the right type of borrowing for you.
If you already have a current account with us, you can apply for an arranged overdraft in online banking or the mobile app. You can also apply to increase your existing arranged overdraft limit too.
A look at the details
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Earn interest on your credit balance by adding Vantage
Vantage is free to add to your current account.
It pays 0.75% AER/gross variable on balances from £1 up to and including £3,999.99 and 3.00% AER/2.96% gross variable on any part of the balance from £4,000 up to and including £5,000.
You won’t earn interest on any part of your balance over £5,000. Interest is paid monthly.
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 2 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.
Do I qualify for Vantage? Balance
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. % - Interest Paid Monthly
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. % - Interest Paid Monthly
Balance
£1 - £3,999.99
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. % - Interest Paid Monthly
0.75
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. % - Interest Paid Monthly
0.75
Balance
£4,000 - £5,000
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. % - Interest Paid Monthly
3.00
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. % - Interest Paid Monthly
2.96
You won’t earn interest on any balance over £5,000.
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Account opening is subject to our assessment of your circumstances. You must be over 18 to apply.
