Santander doubling energy cashback for 2 months

RG2015

As above. Santander is increasing energy cashback for 2 months, September and October.

RG2015

They are also doubling the £5 cap to £10.

https://www.santander.co.uk/landing/current-accounts/campaign

trickydicky14

wow all my energy worries are now over, thank you Santander.

Sea_Shell

And there was me thinking they'd pull it.... maybe that gem will follow....in November 😉

Zanderman

trickydicky14 said:

wow all my energy worries are now over, thank you Santander.

Every little helps! 

Santander's move, though modest in the big scheme of things, should please the many on this forum who scramble for just a few pence more in interest/rewards/cashback etc. 

ZeroSum

Might as well whack my DD up a bit for those months. Extra cashback & build up a bit of extra credit for the winter

RG2015

trickydicky14 said:

wow all my energy worries are now over, thank you Santander.

Indeed.

My monthly energy bill will be going up from £46 to about £120 in April 2023 and I am getting excited over a possible extra £18 cashback.

k_man

If you don't want it...

where_are_we

Initially thought this would result in an increase of over £3 in cashback for September and October energy bills. Whilst this increase in cashback still applies, remember we will all receive a £66 cash rebate off our energy DD`s for October and November and £67 for December January  February and March. This will result in Santander paying out less cashback for those 6 months so perhaps they have taken this into their calculations and makes them less generous than first appears. I am still pleased about it, as I count myself to be one of Zanderman`s "scramblers"!

ZeroSum

where_are_we said:

Initially thought this would result in an increase of over £3 in cashback for September and October energy bills. Whilst this increase in cashback still applies, remember we will all receive a £66 cash rebate off our energy DD`s for October and November and £67 for December January  February and March. This will result in Santander paying out less cashback for those 6 months so perhaps they have taken this into their calculations and makes them less generous than first appears. I am still pleased about it, as I count myself to be one of Zanderman`s "scramblers"!

Even with the £66 rebate, the cost of average usage is still going to £250+ which will max out the cashback to the £5 limit.

inspectorperez

Does anyone read that as a cap of £10 on electricity and a £10 cap on gas, or is that just wishful thinking on my part?

I certainly intend to increase my DD's for September and October to take advantage.