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1. • • Santander will slash the interest paid on its popular 123 current account to just 1% and cut the cashback it offers, MoneySavingExpert.com can reveal. It's also bringing in a single overdraft interest rate of 39.9% across most accounts.
     www.moneysavingexpert.com/news/tag/santander-123/

     MoneySavingExpert Santander 123 news articles

2. People also ask

   What is Santander UK's 123 interest rate?

   • Santander UK has increased the rate on its flagship 123 accounts, as competition between providers ramps up. The annual in-credit interest rate on the 123, Select and Private current accounts has increased to 1.75% on balances up to £20,000, from 1.50%.

   Santander improves interest rate on flagship 123 current accounts

   uk.finance.yahoo.com/news/santander-improves-interest-rate-flagship-121144626.html

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   Does Santander have a 123 account?

   • Santander's 123 account has slightly lost its spark in recent years, albeit it did raise its interest rate earlier this year. Customers with cash sitting in the current account currently earn 2 per cent on balances up to £20,000. That's half of the what the best easy-access rate pays.

   Santander launches new Edge Up account to replace 123 account

   www.thisismoney.co.uk/money/saving/article-12211431/Santander-launches-new-Edge-account-replace-123-account.html

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   What happened to Santander 123 accounts?

   • Santander has today announced it has withdrawn 123 current accounts from sale. Upon launch in 2012, the 123 account became one of the most popular current accounts, having for years paid 3 per cent interest rate on balances up to £20,000 and a variety of cashback on bills.

   Santander launches new Edge Up account to replace 123 account

   www.thisismoney.co.uk/money/saving/article-12211431/Santander-launches-new-Edge-account-replace-123-account.html

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   What is the difference between Santander 123 and edge up?

   • This account was launched in June 2023 and replaced the Santander 123 current account. It offers a competitive 3.5% interest on deposits up to £25,000. The Edge Up current account offers fee free spending abroad and 1% cashback on debit card supermarket spending and household bills (both capped at £15 a month). This account has a £5 monthly fee.

   Best high-interest bank accounts 2024 | Which?

   www.which.co.uk/money/banking/bank-accounts/best-bank-accounts/best-high-interest-bank-accounts-2023-an4Fn8G6BTFK

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3. www.santander.co.uk › assets › s3fs-publicInterest rates and fees for current accounts - Santander UK

   www.santander.co.uk › assets › s3fs-public

   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.

4. www.yourmoney.com › saving-banking › santander-axesSantander axes 1|2|3 current account as it launches Edge Up ...

   www.yourmoney.com › saving-banking › santander-axes

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   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.

5. Videos

   • 

     thisismoney.co.uk

     Santander nudges interest rate up on its popular 123 current account

     7 Mar 2022

   • 

     1:19

     youtube.com

     Here to help | 123 Current Account | Get the most out of your account

     23 Aug 2017

     8K views

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     aol.co.uk

     Santander increasing interest rate on flagship 123 current account

     8 Mar 2022

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6. uk.finance.yahoo.com › news › santander-improvesSantander improves interest rate on flagship 123 current accounts

   uk.finance.yahoo.com › news › santander-improves

   • Cached

   Nov 8, 2022 · Santander UK has increased the rate on its flagship 123 accounts, as competition between providers ramps up. The annual in-credit interest rate on the 123, Select and Private current accounts has...

7. www.independent.co.uk › money › santander-improvesSantander improves interest rate on flagship 123 current accounts

   www.independent.co.uk › money › santander-improves

   • Cached

   Nov 8, 2022 · The annual in-credit interest rate on the 123, Select and Private current accounts has increased to 1.75% on balances up to £20,000, from 1.50%.

8. www.thisismoney.co.uk › money › savingSantander launches new Edge Up account to replace 123 account

   www.thisismoney.co.uk › money › saving

   • Cached

   Jun 20, 2023 · Edge up: Santander's new current account offers up to £30 a month in cashback on selected monthly bills and essential spending as well as a 3.5% interest rate on balances up to £25k. Anyone who...

9. www.which.co.uk › money › bankingBest high-interest bank accounts 2024 - Which?

   www.which.co.uk › money › banking

   Aug 15, 2024 · What is a high-interest current account? Whether you've just got paid, or have money kept for emergencies, there's likely to be money sitting in your current account – but is it earning interest? Here we reveal the current accounts that pay interest, helping you reduce the impact of inflation on your money.

10. www.forbes.com › uk › advisorSantander 1|2|3 Current Account Review – Forbes Advisor UK

    www.forbes.com › uk › advisor

    • Cached

    Feb 14, 2023 · 1.75% in-credit interest on balances up to £20,000. Cashback on household bills and at selected retailers. Cons. Cashback on household bills is capped at £5 per tier. £4 monthly fee to maintain...