We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

Santander 123 - alternative to ISA?

Options
2»

Comments

  • chickenboy
    chickenboy Posts: 74 Forumite
    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...
  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    davidqu wrote: »
    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....
  • psychic_teabag
    psychic_teabag Posts: 2,865 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Or compromise with one 123 account and one Lloyds / BOS vantage. (Interest only on 5k in vantage account.)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.