1|2|3 Lite Current Account

kingrulzuk

I was just checking the new 123 Lite Current Account and feel like its just waste of time.


http://www.santander.co.uk/uk/current-accounts/123-lite-current-account

Anthorn

The £1 per month account fee is good for those who don't get so much cashback which the £5 fee on the regular 123 would wipe out.

B_G_B

Probably good for those that have the potential for cash back on DD’s but hold a relatively small balance as no interest is paid.

kingrulzuk

B_G_B wrote: »

Probably good for those that have the potential for cash back on DD’s but hold a relatively small balance as no interest is paid.

Ya I agree, it world be really intrusting if the account had something like up to 3% interest on £5000.

gt94sss2

They probably needed something to compete with the Natwest Reward account which also doesn't pay interest - though that still pays more in cashback

kingrulzuk

gt94sss2 wrote: »

They probably needed something to compete with the Natwest Reward account which also doesn't pay interest - though that still pays more in cashback

RBS and Natwest have a fee of £3 and pays 3% cashback,
Santander should have a account which give cashback on bills but also pays interest on the money people keep in the account but limited to say £5k