Natwest Rewards Current account BEATS Santander 123 !!!

stylus360

Hi All

Just stumbled upon the Natwest Rewards a/c.

Done a comparison and i am losing money with their calculators and i'm losing money with Santander with the £5 month increase fee.

Anyone else looked into this ?

Cheers

Chaykin

Yeah, this one guy - http://blog.moneysavingexpert.com/2016/01/05/santander-123-fees-more-than-doubling-should-you-ditch-it/ - think his name is Martin Lewis. ;-)

Dird

Also they give you a free muffin/cake from cafe nero on your birthday

Dan83

It's worth reading the link posted by Chaykin, if you have any saving, do you sums again, you might be better off staying put

DragonQ

As long as you have £3000 or more in your 123 account, it'll pay for the accout fee. If you've maxed out every other interest-paying current account like me, then it makes sense to keep the money there.

Even so, it'd be slightly more profitable to move non-dummy direct debits to the Natwest account but it's just hassle. For £30/year I'd have to manually move all the DDs (switching would close my 123 account, which I need for interest) and I'd have to keep an eye on how much is in the Natwest account every month as DDs change. I don't think I can be bothered.