Santander 123 current account 15 January at 4:00PM edited 30 November -1 at 12:00AM in N. Ireland 3 replies 641 views

red123

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?

JulieElizabeth

dunno but i'm leaving santander asap

duggan1

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

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.