Santander 123 rises to 1.5%

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For anyone still using the full fat Santander 123 current account, it's now risen to 1.5%.
Hadn't heard anything about this until I logged in this morning and spotted the new rate.
Obviously there are better paying accounts out there, but it has its uses for people who e.g. use it as a hub to pay standing orders out to multiple regular saver accounts and have enough direct debits to pay the monthly fee.
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This effectively reduces the interest rate to 1.26% on an account that is fully loaded with £20k all the time. That's a little over half of the currently best instant access rate. If you keep less in the account, the 123 interest rate is even worse.
Absolutely, so not good for everyone. But it makes sense for me, and may well do for others, but they must use it with their eyes wide open.
Just out of curiosity, why no one is talking about this?
I swapped my 123 full fat years ago for a 123 Lite, keep my savings with other providers, and transfer money as needed into the 123 Lite. It usually has a near zero balance most days, and it pays me a net £70ish a year. I would use the Barclays account as a pure savings account if they'd let me have one - but it seems they have banned me after I switched my remaining Barclays current account last month. They say I need an appointment in Branch to process an application - no chance, since there isn't even a Barclays Branch within 20 miles now.
I also have setup one of my accounts to have all the others displayed using open banking, so I can easily see if any account is overdrawn.
I certainly wouldn't keep 20k in santander, if you're that forgetful then enough for 2/3 months tops.