-

Vantage

Vantage is no longer available with new current accounts or as an upgrade option for existing customers.

Existing Vantage customers

If you’re an existing customer with Vantage, you can keep Vantage on your account. So if you’re thinking of moving to another current account where Vantage would be available (Classic, Silver or Platinum), you can transfer Vantage to your new current account.

Vantage explained

What does Vantage do?

Vantage pays interest on your current account balance. The more money you have in your account the more interest you can earn, on balances between £1,000 and £5,000.

What are the conditions of Vantage?

Vantage variable interest rates are tiered on balances up to £5,000. To get interest paid each month, all you need to do is fulfil the following three conditions:

  • pay at least £1,000 into your account during the calendar month
  • pay at least two different direct debits from your account each calendar month, and
  • keep your account in credit during the monthly billing period.

No interest will be paid if any of the 3 conditions above are not met or if you have a balance less than £1,000. If your balance is over £5,000, you'll earn 1.5% AER on the first £5,000, but 0% on anything over that.

Vantage interest rates

Vantage Interest rates

This table shows what interest rates you receive for current account balances from £1 - £5,000.

  Interest (calculated daily and paid monthly)
Balances between AERCloseAnnual Equivalent RateAER means Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers. GrossCloseGross rateGross rate means that credit interest is paid without income tax being deducted. You can receive your interest paid gross if you are a non-tax payer and have completed an Inland Revenue R85 form. NetCloseNet rateThe rate of interest which would be payable after allowing for the deduction of income tax at the rate specified by law.
£1 - £999 0.00% 0.00% 0.00%
£1,000 - £2,999 0.50% 0.50% 0.40%
£3,000 - £5,000 1.50% 1.49% 1.19%

 

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.

These interest rates are correct as at 11/03/2015 and apply to the whole of your balance up to £5,000. Interest rates are variable.

 

Important legal information

Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Authorisation can be checked on the Financial Services Register at www.fca.org.uk. Lloyds Bank plc is a member of the Financial Services Compensation Scheme and the Financial Ombudsman Service. We subscribe to the Lending Code; copies of the code can be obtained from www.lendingstandardsboard.org.uk.

Lloyds Bank plc registered office:
25 Gresham Street,
London EC2V 7HN.
Registered in England and Wales No. 2065.

We may monitor or record telephone calls to check we have carried out your instructions correctly and to help us improve the quality of our service. Calls from abroad are charged according to the telephone service provider’s published tariff.