Santander 123 still best savings account ?

RG2015

I downgraded mine to a Santander Lite four days before my statement date. The next day I got my interest to date and cashback for dds already paid. Crucially though, I was not charged the £5 monthly fee and did not pay the new £1 fee until the same date the following month.

YorkshireBoy

EachPenny wrote: »

Experience suggests interest will be paid up to the date of transfer/closure...

...assuming the poster has credited £500 in the current statement period and had/still has two DDs on the account?

philng

Is there anyway to downgrade to 123 lite version online to avoid gaving to go in or phone up?

Susan1942

I have got the Santander 123 account and have continued to pay the £5 fee I get about £8 in cashback, I realise that I am losing interest by having around £26.000 in that account. Interest is now only 1.5% down from the 3%. I have got the regular saver of £200 a month. I know that I should move some of the money to another account but it all seems like a lot of hard work. I am funding 2 Student Grandchildren paying for their accommodation whilst at University. One doing a Master's and the other doing a year in the USA as part of her degree.
Sue.

YorkshireBoy

philng wrote: »

Is there anyway to downgrade to 123 lite version online to avoid gaving to go in or phone up?

You haven't read the whole thread have you? (page 2 if you're on 20/page)

Neil_Jones

philng wrote: »

Looking to close santander account with monthly interest and charge due 12th november. Am i best waiting till just after 12th? Or if i close now i guess i will get interest to date of closure and will charge be pro rata?

You get interest applied up until closure.
£5 charge is not pro-rated. Never has been.