High Street Bank Introduces New Account
The Vantage current account has been introduced by top high street bank Lloyds TSB, paying interest on credit balances that is tiered depending on the amount of money in the account.
Lloyds TSB are making the new current account available to both new and current customers, simply asking that they pay at least a thousand pounds a month into the current account and maintain a credit balance. Interest is calculated daily, with rates varying between 0.1 and 5 percent per annum.
A spokesman for Lloyds TSB wanted to make it clear that this new Vantage current account rewards customers for keeping money in the account, the tiered element especially showing the longer term benefits.