Santander lower interests

cisko65

Hi
Sorry if the same subject is somewhere already.
I've had the 123 Santander account for many years. I'm considering leaving as interests will be only 1% (and the £5 monthly fee still to pay).
In the last few year I switched to many different banks:
firstdirect, Natwest, HSBC (after 2017), Tesco.
I have an account with Marcus, and a small one with Lloyds just to do pay in and pay out.
I am aware that Nationwide and TSB offer good interests but for limited amount.
I spent the last two years to switch around and was happy to have Santander as my main account.
Any suggestion?
Thanks

molerat

https://forums.moneysavingexpert.com/discussion/6091289/martin-lewis-says-santander-123-is-now-a-dead-duck-current-account-as-it-cuts-interest-and-cashback
https://forums.moneysavingexpert.com/discussion/6094669/santander-123-if-i-do-nothing
https://forums.moneysavingexpert.com/discussion/6091244/santander-to-slash-123-account-interest-and-shake-up-overdrafts

YorkshireBoy

cisko65 wrote: »

Sorry if the same subject is somewhere already.

On numerous threads, and pretty much done to death recently, yes.

I've had the 123 Santander account for many years. I'm considering leaving as interests will be only 1% (and the £5 monthly fee still to pay).
In the last few year I switched to many different banks:
firstdirect, Natwest, HSBC (after 2017), Tesco.
I have an account with Marcus, and a small one with Lloyds just to do pay in and pay out.
I am aware that Nationwide and TSB offer good interests but for limited amount.
I spent the last two years to switch around and was happy to have Santander as my main account.
Any suggestion?

Downgrade to Santander Lite and move your savings to Marcus. Feed Lite with just enough for your monthly outgoings.