Santander customers with the bank's popular 123 current account will see the interest paid on savings drop to just 0.3% from 12 April. It's the third time the bank has cut the account's rate cut in less than a year and means holders are better off switching.
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The interest rate on Santander's popular 123 Current Account will be reduced to just 0.6% AER from tomorrow (Monday 3 August). The bank had already cut the rate from 1.5% to 1% AER in May, while introducing a £5 monthly cashback cap for each of its three tiers.
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Representative APR 39.94% (variable). Subject to financial status. Pros. 1.75% in-credit interest on balances up to £20,000. Cashback on household bills and at selected retailers. Cons. Cashback...
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Santander UK is increasing the rate on its flagship 123 Current Account, after previously making a series of cuts. The bank will boost the in-credit interest rate on its 123, Select and Private...
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AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay where no income tax has been taken off. Rates may change and we pay interest each month.
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We’ll pay this interest into your current account on the same day each month. This is usually on the date you opened or transferred your account. We won’t pay you any interest for any month where you don’t meet the eligibility requirements. Interest payments will be paid using the gross rate.
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Santander UK has increased the rate on its flagship 123 accounts, as competition between providers ramps up. The annual in-credit interest rate on the 123, Select and Private current accounts has...
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AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay where no income tax has been deducted. Rates may change and we pay interest each month.
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Santander has today announced that it is upping the in-credit interest rate on its popular 123 current account for the first time after a series of cuts over the years. Current account customers...
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It offers 3.50% AER/3.45% Gross interest on current account balances of up to £25,000, allowing you to earn up to £71.77 every month. Further, there’s fee free debit card spending abroad, and card holders can withdraw money at any ATM worldwide without paying a fee.
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