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With Vantage you can earn interest on the money in your current account. It's a free add-on for Classic, Silver, Gold, Platinum and Premier accounts and offers an interest rate payable on balances from £1 to £5,000.
It pays 1.50% AER (1.49% gross p.a.) variable on balances from £1 up to and including £3,999.99, and 3.00% AER (2.96% gross p.a.) 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.
Jul 23, 2020 · Lloyds and Bank of Scotland customers will earn less interest on Club Lloyds and Vantage accounts from October. If you're a Club Lloyds or Vantage account customer, then from 1 October 2020: You'll earn 0.6% AER interest on balances between £1 and £3,999.99.
- Rosie Bannister
- Senior Money Analyst
This hub, from FTAdviser Vantage Point, will look under the bonnet of the latest interest rate news, discuss the long view on where rates might be heading, and examine what that could mean...
Mar 21, 2024 · Current Bank Rate 5% Next due: 19 September 2024. Current inflation rate 2.2% Target: 2% What are interest rates? Interest is what you pay for borrowing money, and what banks pay you for saving money with them. Interest rates are shown as a percentage of the amount you borrow or save over a year.
Earn 1.20% AER/1.19% gross variable interest on balances from £1 if 4 or more withdrawals are made in the 12 months after opening. This lower interest rate will apply from the month you make the fourth withdrawal until the end of the account year. Interest is paid monthly, on the same date you open your account.
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Jun 28, 2024 · This year has seen markets consistently flip between two dominant narratives. In one, thanks in part to artificial intelligence (AI), growth is strong, inflation falls quickly, and interest rates come down rapidly. In the other, growth is slowing, but inflation is sticky and interest rates have to stay ‘higher for longer’.
