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Santander 123 Current Account

firefox1956
firefox1956 Posts: 1,548 Forumite
in Budgeting & bank accounts
What is the maximum amount that you can have in a JOINT Santander 123 account ??
I can't for the life of me find the answer on their website.
TIA

Comments

  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    It's probably £2m but you'd not be likely to want more than the FSCS-protected amount in any single bank.
  • hollie.weimeraner
    hollie.weimeraner Posts: 2,155 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    For a single account £20,000 is the maximum that attracts interest whether it's in joint names or single name. Any more and the interest is 0 so no point in having any more in it.
  • firefox1956
    firefox1956 Posts: 1,548 Forumite
    hollie.weimeraner wrote: »
    For a single account £20,000 is the maximum that attracts interest whether it's in joint names or single name. Any more and the interest is 0 so no point in having any more in it.

    Yes I already know that.
    Please read my original post.
    :D
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    General T&C's
    4.8
    :D
    Don't get excited though
  • Superscrooge
    Superscrooge Posts: 1,171 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    £2 million seems to be the maximum allowed in any of their savings accounts, although I don't understand why anyone would want to deposit more than £20,000 into a 123 account?
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Superscrooge wrote: »
    £2 million seems to be the maximum allowed in any of their savings accounts, although I don't understand why anyone would want to deposit more than £20,000 into a 123 account?
    You could be in between having sold your old mansion and not having found your new one yet. Or you might need an account for your lottery win etc. etc. until you have decided what to do with the money.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    colsten wrote: »
    You could be in between having sold your old mansion and not having found your new one yet. Or you might need an account for your lottery win etc. etc. until you have decided what to do with the money.

    Yes, not a great lottery win though.
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    bigadaj wrote: »
    Yes, not a great lottery win though.
    I'd gladly take £2m.
  • badger09
    badger09 Posts: 11,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    colsten wrote: »
    I'd gladly take £2m.

    I'd gladly share it with you 50:50:) Especially as I don't enter:D
This discussion has been closed.
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