Santander 123 Current Account for Savings?

saintalan

mxhoward84 wrote: »

Interested on which direct debits qualify for the interest on the 123 account....
Anyone know if only having 2 direct debits for my CC accounts will qualify me for the 3% APR?....

That should be fine, with Santander they dont even have to be debited once a month either, once a year is fine.

If you want an alternative use TESCO Internet Saver a/c.

Cheers

Alan

System

Thanks guys. Oh last time i was logged on here people were asking me about having two 123 accounts. I can confirm i have had two 123 accounts for the last 6 months and got interest on both.


Cheers.

stringer_bell

mxhoward84 wrote: »

Thanks guys. Oh last time i was logged on here people were asking me about having two 123 accounts. I can confirm i have had two 123 accounts for the last 6 months and got interest on both.


Cheers.

joint or single each?

System

Both single.

Sat next to each other when i log in online so no confusion they are both mine.

bigfreddiel

mxhoward84 wrote: »

Both single.

Sat next to each other when i log in online so no confusion they are both mine.

Not sure that's allowed, just hope they don't check and realise it's you with two accounts

fj

lejog2003

Its not allowed "....you may only hold one single and one joint 1I2I3 Current Account (or one of each)." - line 2 of the Key Facts

Eco_Miser

It's not allowed for new accounts, but anyone who got more before the conditions changed will normally be allowed to keep them.

stringer_bell

joint account, as in a wife? or can I put my brother on it?

jlfrs

"Anyone know if only having 2 direct debits for my CC accounts will qualify me for the 3% APR?"

Yep - sure does, but you will get no cashback as I don't think CC DD"s count. You will also need to pay in 500 quid a month, but you can always set up a standing order from a different account in to the 123 account and then set up a standing order on the 123 to send it back again.


That is exactly what I do, works a treat.

colsten

stringer_bell wrote: »

joint account, as in a wife? or can I put my brother on it?

Joint accounts can be held by any 2 people, subject to both getting accepted by the bank.

Read up about the risks of current accounts - e.g. being financially linked, handling disagreements, one party clocking up debts etc etc