Santander considering dropping rate...

whattochoose

......According to this....

http://blog.moneysavingexpert.com/2016/07/27/if-santander-123-drops-interest-to-2-is-it-still-worth-it/?_ga=1.98298143.1405295780.1469690938

eskbanker

....which, as suggested by its URL (and dateline within the piece) was published a week ago, accompanied by a number of threads on here such as:

https://forums.moneysavingexpert.com/discussion/5500065
https://forums.moneysavingexpert.com/discussion/5500766

kingrulzuk

eskbanker wrote: »

....which, as suggested by its URL (and dateline within the piece) was published a week ago, accompanied by a number of threads on here such as:

https://forums.moneysavingexpert.com/discussion/5500065
https://forums.moneysavingexpert.com/discussion/5500766

:rotfl::rotfl::rotfl:

ctdctd

Now confirmed.

Website reporting 1.5% from 1st November :-(

"
There is a £5 monthly account fee, that will be automatically taken from your account each month.
What you get

• Monthly cashback on selected household bills.
• Monthly interest of 1.50% AER / 1.49% gross (variable) payable on your entire balance up to £20,000 from 1 November 2016.
• Before 1 November 2016 you can earn 3% AER (variable) payable on your entire balance up to £20,000, when you have at least £3,000 in your account."

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

fun4everyone

Well that sucks.

Lorian

ewwww not even 2%.

Gram_Parsons

How long until TSB does similar? Not long I fear.

2010

With full £20k less the £60 a year fee it equates to 1.2%. (thanks ColdIron

---

corrected)

Time to ditch 123.

ColdIron

£60 Per Annum?

fun4everyone

2010 wrote: »

With full £20k less the £60 a month fee it equates to 1.2%.

Time to ditch 123.

Yeah but most people earn a decent bit of cashback towards the fee...some earn a LOT. i agree it is now not one of the best accounts but still if you have to park a lot of cash somewhere it is above average for £20k of it.

ColdIron

fun4everyone wrote: »

if you have to park a lot of cash somewhere it is above average for £20k of it.

Only after you have filled the 3% + accounts like BoS/Lloyds/TSB/Tesco with £28k first