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.
The annual in-credit interest rate on the 123, Select and Private current accounts has increased to 1.75% on balances up to £20,000, from 1.50%.
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.
Santander UK has today announced that it is increasing the in-credit interest rate on its 123, Select and Private Current Account to 0.50% AER/gross (variable 1) on balances up to £20,000.
Santander has launched a new current account offering up to £30 cashback a month as well as 3.5% interest on balances up to £25,000. The new Edge Up account also features fee-free debit card spending abroad, which is good news for anyone planning a foreign holiday this summer.
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...
The banking giant has today launched the Santander Edge Up current account, offering customers the chance to earn £100 a month in cashback and interest as it closes its flagship 1|2|3 product.
Santander is cutting the interest rate on its 123 Current Account again, reducing it from 1% to 0.6% AER from 3 August. This is the second reduction to be announced in three months and means Santander will have knocked 0.9% off its 123 account interest rate since the start of May.
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.
Pros. 1.75% in-credit interest on balances up to £20,000. Cashback on household bills and at selected retailers. Cons. Cashback on household bills is capped at £5 per tier. £4 monthly fee to...