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Santander 123 current account

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red123
red123 Posts: 13 Forumite
Part of the Furniture Combo Breaker
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?

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  • JulieElizabeth
    JulieElizabeth Posts: 1,981 Forumite
    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
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