We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Santander 123 current account

Options
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?

Comments

  • dunno but i'm leaving santander asap
    NO MORE HANDWASH GLITCHES PLEASE :D:D
  • duggan1
    duggan1 Posts: 508 Forumite
    Part of the Furniture 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.
  • Hasbeen
    Hasbeen Posts: 4,404 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    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
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.