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

Vantage features

  • Earn more with your money from tiered interest rates starting at  1.50% AER / 1.49% gross variable, up to 3.00% AER / 2.96% gross.
  • Earn up to 3.00% AER when you pay in £1,000 a month and stay in credit.

Vantage at a glance

Vantage pays competitive interest rates on your current account balance. The more money you have in your account the more interest you can earn, on balances up to £5,000.

Vantage variable Interest rates are tiered on balances up to £5,000. To get interest paid each month, all you need to do is pay at least £1,000 into your account during the calendar month, and keep your account in credit during the monthly billing period.

Interest rates apply to your whole balance up to £5,000.

You’ll earn interest each month as long as you stay in credit and pay at least £1,000 into your account in that month. Vantage doesn’t pay interest for any amount over £5,000.

Vantage Interest Rates

Balance AER % Gross % Net %
£1+ 1.50 1.49 1.19
2.00 1.98 1.59
£3,000 to £5,000
3.00 2.96 2.37

These interest rates are correct as at 27/06/2011.

Interest rates are variable.

Interest rates apply to your whole balance. For example, if you have £4,000 in your account you will receive an interest rate of 3.00% AER on your entire balance.

Vantage Terms and Conditions.



Net rate is the rate of interest the account pays after lower rate tax has been deducted. If you are a non-taxpayer, you can reclaim the tax by completing an HMRC R85 form. As the rate of tax may vary, the net rate is given for illustration only and is rounded to two decimal places.


This illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.

Gross Rate

Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.