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Santander 123 current account

edited 30 November -1 at 12:00AM in N. Ireland
3 replies 669 views
red123red123 Forumite
12 posts
MoneySaving Newbie
edited 30 November -1 at 12:00AM in N. Ireland
The above account interest rate is going from 1.5% to 1% in May, yet the monthly fee is staying at £5, and the cashback is getting capped to £5 in each category. Are there any better alternatives out there?

Replies

  • dunno but i'm leaving santander asap
    NO MORE HANDWASH GLITCHES PLEASE :D:D
  • duggan1duggan1 Forumite
    486 posts
    Seventh Anniversary 100 Posts
    ✭✭
    red123 wrote: »
    The above account interest rate is going from 1.5% to 1% in May, yet the monthly fee is staying at £5, and the cashback is getting capped to £5 in each category. Are there any better alternatives out there?

    Have had a good look, and it depends. If you've maxxed the account out (20k), get the cashback from your direct debits then no there aren't really any alternatives, unless you really want to be arsed moving money about 3/4 accounts every month for minimal gain.
  • HasbeenHasbeen Forumite
    3.4K posts
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
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    red123 wrote: »
    The above account interest rate is going from 1.5% to 1% in May, yet the monthly fee is staying at £5, and the cashback is getting capped to £5 in each category. Are there any better alternatives out there?

    Perhaps posting in the banking forum will get you some opinions as this has already discussed there.
    The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon
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