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  • FIRST POST
    • firefox1956
    • By firefox1956 4th Oct 17, 6:53 PM
    • 1,279Posts
    • 728Thanks
    firefox1956
    Santander 123 Current Account
    • #1
    • 4th Oct 17, 6:53 PM
    Santander 123 Current Account 4th Oct 17 at 6:53 PM
    What is the maximum amount that you can have in a JOINT Santander 123 account ??
    I can't for the life of me find the answer on their website.
    TIA
Page 1
    • colsten
    • By colsten 4th Oct 17, 7:01 PM
    • 8,755 Posts
    • 7,418 Thanks
    colsten
    • #2
    • 4th Oct 17, 7:01 PM
    • #2
    • 4th Oct 17, 7:01 PM
    It's probably £2m but you'd not be likely to want more than the FSCS-protected amount in any single bank.
    • hollie.weimeraner
    • By hollie.weimeraner 4th Oct 17, 7:20 PM
    • 1,386 Posts
    • 811 Thanks
    hollie.weimeraner
    • #3
    • 4th Oct 17, 7:20 PM
    • #3
    • 4th Oct 17, 7:20 PM
    For a single account £20,000 is the maximum that attracts interest whether it's in joint names or single name. Any more and the interest is 0 so no point in having any more in it.
    • firefox1956
    • By firefox1956 4th Oct 17, 7:52 PM
    • 1,279 Posts
    • 728 Thanks
    firefox1956
    • #4
    • 4th Oct 17, 7:52 PM
    • #4
    • 4th Oct 17, 7:52 PM
    For a single account £20,000 is the maximum that attracts interest whether it's in joint names or single name. Any more and the interest is 0 so no point in having any more in it.
    Originally posted by hollie.weimeraner
    Yes I already know that.
    Please read my original post.
    • ceredigion
    • By ceredigion 4th Oct 17, 9:55 PM
    • 2,337 Posts
    • 2,875 Thanks
    ceredigion
    • #5
    • 4th Oct 17, 9:55 PM
    • #5
    • 4th Oct 17, 9:55 PM
    General T&C's
    4.8

    Don't get excited though
    • Superscrooge
    • By Superscrooge 4th Oct 17, 11:07 PM
    • 880 Posts
    • 608 Thanks
    Superscrooge
    • #6
    • 4th Oct 17, 11:07 PM
    • #6
    • 4th Oct 17, 11:07 PM
    £2 million seems to be the maximum allowed in any of their savings accounts, although I don't understand why anyone would want to deposit more than £20,000 into a 123 account?
    • colsten
    • By colsten 5th Oct 17, 12:25 AM
    • 8,755 Posts
    • 7,418 Thanks
    colsten
    • #7
    • 5th Oct 17, 12:25 AM
    • #7
    • 5th Oct 17, 12:25 AM
    £2 million seems to be the maximum allowed in any of their savings accounts, although I don't understand why anyone would want to deposit more than £20,000 into a 123 account?
    Originally posted by Superscrooge
    You could be in between having sold your old mansion and not having found your new one yet. Or you might need an account for your lottery win etc. etc. until you have decided what to do with the money.
    • bigadaj
    • By bigadaj 6th Oct 17, 2:52 PM
    • 10,356 Posts
    • 6,649 Thanks
    bigadaj
    • #8
    • 6th Oct 17, 2:52 PM
    • #8
    • 6th Oct 17, 2:52 PM
    You could be in between having sold your old mansion and not having found your new one yet. Or you might need an account for your lottery win etc. etc. until you have decided what to do with the money.
    Originally posted by colsten
    Yes, not a great lottery win though.
    • colsten
    • By colsten 6th Oct 17, 6:54 PM
    • 8,755 Posts
    • 7,418 Thanks
    colsten
    • #9
    • 6th Oct 17, 6:54 PM
    • #9
    • 6th Oct 17, 6:54 PM
    Yes, not a great lottery win though.
    Originally posted by bigadaj
    I'd gladly take £2m.
    • badger09
    • By badger09 6th Oct 17, 7:07 PM
    • 5,182 Posts
    • 4,383 Thanks
    badger09
    I'd gladly take £2m.
    Originally posted by colsten
    I'd gladly share it with you 50:50 Especially as I don't enter
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