Cashback rates for Santander 123, 123 Lite, Private and Select accounts are being changed again, boosting what you receive from paying your water bill, but reducing the cashback you earn from phone, broadband, mobile and TV packages.
For more information visit Account alerts at santander.co.uk/personal/support/understanding-our-services/account-alerts. Once your account has been set up, these alerts can be easily amended, or turned off, by logging onto Online Banking, visiting one of our branches or calling us on 0800 9 123 123. 7.
You can find out where you can earn cashback on household bills with the 1|2|3 Current Account, 1|2|3 Lite Current Account or Select Current Account. These accounts are no longer available to open from 20 June 2023.
Santander 123 Lite. This account is no longer available to new customers, but if you’ve already got one it’ll still earn you money back on your bills and with the lowest fee of the lot, so you need to know what it offers in comparison to the others.
Santander has unveiled a 'lite' version of its 123 current account in a bid to attract lower-earning customers and those without big savings. Like the original 123 account, 123 Lite offers cashback on household bills, but you won't earn any interest on your balance – arguably the most popular feature of the original.
The difference between the Santander 123 and 123 Lite account is the monthly cost, the interest rate, and a few eligibility requirements. For the Santander 123 account, you’ll need to pay double the amount each month to gain access to a 0.3% interest.
A few years ago, the Santander 123 account was the must-have account for everyone. But when the charges increased and the benefits reduced, many of us switched over to the 123 Lite account. But as we’re in 2023, take a look at this review to see if this still an account we all should have.
We’ll do the hard work, like closing your old account and moving payments. It’s simple, reliable and stress-free. More on switching. Protecting your money. Whether you're looking for a basic current account or one more tailored to your needs, discover the range of current account options we offer.
Santander has today launched its new 'Edge' current account as a replacement to its popular 123 Lite account. Edge gives 1% cashback on household bills, supermarket and travel spending, and comes with a linked savings account paying 4% interest on up to £4,000.
If you want to switch to Santander but are put off by the £4 monthly fee attached to the 1|2|3 account, a good alternative is the Santander 1|2|3 Lite Current Account.