Search results
You’ll earn interest on your entire balance up to £20,000. We work out the interest on your daily balance and pay the interest every month. We’ll pay this interest into your current account on the same day each month. This is usually on the date you opened or transferred your account.
- 4MB
- 12
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay where no income tax has been taken off.
Check out our cashback and interest calculator to find out what you could earn with the Santander Edge and Santander Edge Up current accounts.
Jun 20, 2023 · It offers 3.50% AER/3.45% Gross interest on current account balances of up to £25,000, allowing you to earn up to £71.77 every month. Further, there’s fee free debit card spending abroad, and card holders can withdraw money at any ATM worldwide without paying a fee.
The interest rate on Santander's popular 123 Current Account will be reduced to just 0.6% AER from tomorrow (Monday 3 August). The bank had already cut the rate from 1.5% to 1% AER in May, while introducing a £5 monthly cashback cap for each of its three tiers.
Jan 14, 2021 · The rate on the 123 current account will drop from 0.6% to 0.3% for new and existing customers from 12 April, while the monthly fee to hold the account will also fall from the same date for new and existing customers from £5/month to £4/month.
People also ask
Will Santander cut interest on 123 accounts?
Does Santander's 123 current account have a cashback cap?
How much does a Santander account cost?
Did Santander cut interest rates in 2020?
Feb 14, 2023 · From September 2022, Santander’s 1|2|3 Current Account is doubling the cashback it pays on energy bills to 4% for the first two months up to a £10 a month cap.
