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.
Share, comment, bookmark or report
Santander's 123, Select, and Private current accounts will no longer be open to new customers from today (20 June), but existing account holders can transfer to an Edge Up account if they wish, without having to change their details including their account number and sort code.
Share, comment, bookmark or report
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.
Share, comment, bookmark or report
The new current account offers 1% cashback – maximum £15 a month – on essential debit card spending at supermarkets as well as travel, including fuel, train and bus tickets and electric vehicle charging. It excludes flights, however.
Share, comment, bookmark or report
We don’t pay interest on money in your account if you have one of the following accounts: Zero Current Account, Further Education Account, Basic Cash, Basic Banking, Basic with top-up debit card, 1I2I3 Lite Current Account or Instant Plus Account.
Share, comment, bookmark or report
You’ll earn interest on your entire balance up to £20,000. We work out the interest on your daily balance and pay the interest every month. 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.
Share, comment, bookmark or report
With its cashback on household bills, the Santander 1|2|3 current account is a top pick. Even after the £4 monthly fee is factored in, you can pocket up to £132 in the first year, while it ...
Share, comment, bookmark or report
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...
Share, comment, bookmark or report
Santander Edge current account. Earn cashback on selected household bills, at supermarkets and on travel costs. Access to an optional savings account with exclusive rates. Fund the account with £500 each month and set up 2 active Direct Debits.
Share, comment, bookmark or report
You’ll earn interest on your entire balance up to £20,000. We work out the interest on your daily balance and pay the interest every month. 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.
Share, comment, bookmark or report
Comments