Santander 123 Account Cashback Loophole

TheTracker

I'm with Ovo and 123. I usually keep an overpayment in Ovo of 750-1000 for the interest. I figured paying in 500 a month then withdrawing exceeded my spirit of adventure.

Steve_xx

AlwaysLearnin wrote: »

...and Ovo give you 3% interest on credit balances whilst they have it too...

http://www.ovoenergy.com/refundpolicy/

But you wouldn't want to have too great a balance in Ovo's account in case they go belly up! The FSCS does not extend to Ovo.

AlwaysLearnin

OP was talking about taking the balance back, therefore just pointing out they won't be losing out on the (potentially) 3% 123 interest..., if it works.