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Santander 123 Rip Off

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Comments

  • w00519772
    w00519772 Posts: 1,297 Forumite
    If you think that that is a 250% increase then you deserve to get done!

    The OP is right. It is 250%.
  • No. The increase is £36 (60-24). This is an increase of 36/24x 100 which is 150%.
  • w00519772 wrote: »
    The OP is right. It is 250%.

    If it doubled from £24 to £48 that would be a 100% increase.
    The extra £12 (taking it from £48 to £60) is another 50%.
    So that makes it a 150% increase.
  • george4064
    george4064 Posts: 2,948 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Its 150% according to my calculations.
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
  • jimjames
    jimjames Posts: 19,134 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    kinger101 wrote: »
    You obviously did something wrong. I think it took me 5 minutes max.
    With all the switching bonuses the Op now has the opportunity to make £150 and get a better account. Unless you have over £10kor huge cashback I really can't see the point in it
    Remember the saying: if it looks too good to be true it almost certainly is.
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    If it's all about cashback, the new Natwest account that comes out on the 12th is better than the 123.

    If it's all about interest, other accounts pay a lot better rates than the 123 (and have been doing so for a few years)
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