We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Santander 123 - alternative to ISA?
Comments
-
Yes - I got it just for the savings rate....
but the cashback on utilities is good too (more than covers their £2/mon fee), plus by a stroke of luck I have a santander mortgage...0 -
Do you mind if I ask
Where would I gain more interest on 25k, I'm searching all over the net and can't find much
123 is max £20K. Though you can probably have 2 of them.
For £25K, you could get more in several Lloyds/BOS Vantage accounts since they don't have a monthly charge but the same headline rate as the 123. A lot depends how much you could get in cashback in the 123. Mind you, it's only a few quid difference....0 -
Or compromise with one 123 account and one Lloyds / BOS vantage. (Interest only on 5k in vantage account.)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards