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'Revealed: Santander 123 customers face DOUBLE rate drop – to 1% today and to 0.6% in August'
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Revealed: Santander 123 customers face DOUBLE rate drop – to 1% today and to 0.6% in August
in Budgeting & bank accounts
24 replies 4.4K views
Former_MSE_Naomi Former MSEMSE Staff
Santander will cut the interest rate on its popular 123 account again in August to 0.6%, MoneySavingExpert.com can reveal. This cut comes on top of a rate cut today from 1.5% to 1% and should act as a clarion call for anyone still with the 123 account to switch to better payers - and there are still a few out there...
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Seems yet another piece of reporting the obvious.
Edited due to "0" in wrong place. Thanks eskbanker.
I know people in Australia and America for example where they are charged monthly fees to have bank accounts and also individual fees to for example make payments
He seems a bit OTT and shouty, screaming about it being deader than a dead duck etc. it just seems so unnecessary.
Right at the bottom of the same article, he tells you that the (rather obvious) thing to do is to move your account to "the top-pick account for bills cashback", step forward the terribly evil, er, Santander 123 Lite, doh!
There, sorted. And breathe...