Santander to slash 123 account interest and shake up overdrafts

surreysaver

soulsaver wrote: »

Got 2 x 123 acs? Set up £500 DD on each?

Is it possible to set up two separate dds to pay one mortgage?

pip895

One mortgage paid by two different people is possible...

Audaxer

Thanks for the update. That's a pain as we've got three 123 accounts with them, so I will definitely move two of them, but I'll probably keep the main one as it is used as a normal current account with all our DDs etc. rather than as just a savings account.

soulsaver

pip895 wrote: »

One mortgage paid by two different people is possible...

For sure.. but can't see why 2 DDs for one person on 2 bank acs wouldn't be possible either.

talexuser

The cashback limit applies to 123 lite too. I never get to £5 in each DD but the £12 a year is still paid for with profit left over still so worth it compared to a current a/c without cashback. The glory days of a few years ago are really over.

pip895

I'm quite surprised its lasted this long really. I will probably get rid of two of the three accounts we have - I wonder what better options we will have by May though - rates are dire and getting worse all round.:(

Zero_Sum

Full fat 123 was never that great anyway. Now its just pointless.
123 lite is still a great bills account & actually still the leader in that market

ColdIron

When it paid 3% on £40,000 (you could have 2 of them) and got £1,200 for £48 (£2 monthly fee) it was the best account out there. Nothing else came close for 'easy access'

surreysaver

soulsaver wrote: »

For sure.. but can't see why 2 DDs for one person on 2 bank acs wouldn't be possible either.

Because one person cannot have two accounts. They can have one and a joint one, though

Superscrooge

The Premium Bond prize fund interest rate of 1.4% is now looking very competitive.

Sadly I expect an announcement that this too will be reduced in the next few weeks.