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Why has Santander increased the interest rate on 123 accounts?
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Does Santander UK have a 123 current account?
What is Santander UK's in-credit interest rate?
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.
- 1I2I3 Current Account - Santander UK
You’ll earn interest on your entire balance up to £20,000....
- Santander increases in-credit interest rate on 1I2I3 Current ...
Santander UK has today announced that it is increasing the...
- 1I2I3 Current Account - Santander UK
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.
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.
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Feb 7, 2023 · Santander UK has today announced that it is increasing the in-credit interest rate on its 1I2I3, Select and Private Current Accounts to a monthly interest rate of 2.00% AER/1.98% gross (variable) on balances up to £20,000.
Santander customers with the bank's popular 123 current account will see the interest paid on savings drop to just 0.3% from 12 April. It's the third time the bank has cut the account's rate cut in less than a year and means holders are better off switching.
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...
Mar 8, 2022 · The bank will boost the in-credit interest rate on its 123, Select and Private current accounts by 0.2 percentage points, to 0.5%, on balances up to £20,000.