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Santander to slash 123 account interest and shake up overdrafts - Page 2

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Santander to slash 123 account interest and shake up overdrafts

edited 14 January at 9:48AM in Savings & Investments
69 replies 6.3K views
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  • surreysaversurreysaver Forumite
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    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?
    I consider myself to be a male feminist. Is that allowed?
  • pip895pip895 Forumite
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    One mortgage paid by two different people is possible...
  • AudaxerAudaxer Forumite
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    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.
  • soulsaversoulsaver Forumite
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    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.
  • talexusertalexuser Forumite
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    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.
  • Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
  • pip895pip895 Forumite
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    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_SumZero_Sum Forumite
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    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
  • ColdIronColdIron Forumite
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    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'
  • surreysaversurreysaver Forumite
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    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
    I consider myself to be a male feminist. Is that allowed?
  • SuperscroogeSuperscrooge Forumite
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    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.
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