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May 4, 2020 · With S123, you get 1% on the whole amount (up to £20k), including the float, but with S123 Lite you get 0%, so the net effect on interest depends on how big a balance you have in S123 Lite. Compared to S123, you get an extra 0.2% on what you move to Marcus, but you lose 1% on the float you leave in your S123 Lite.
- Santander 123 or Edge? - MoneySavingExpert Forum
16 December 2022 at 12:12PM. I've got a Santander 123...
- Santander launches new 'Edge' current account paying 1% ...
How Santander Edge compares with Santander 123 Lite for...
- Santander 123 or Edge? - MoneySavingExpert Forum
Dec 16, 2022 · 16 December 2022 at 12:12PM. I've got a Santander 123 account (not Lite) which pays interest of 1.5% and 3% cashback on bills. The fee is £2. I'm thinking of changing this to an Edge account which pays no interest, the fee is £3 and just 1% cashback on bills. However, it does have the 4% savings account.
Jun 23, 2024 · Launched in November 2022, the Santander Edge current account replaced the bank’s popular 1|2|3 Lite current account, with the latter completely withdrawn in June 2023. Both are fee-paying accounts that require a minimum deposit of £500 a month and at least two direct debits in place. However, Santander Edge costs £3 per month, while ...
- How The Santander Edge Current Account Works
- How Santander Edge Compares with Santander 123 Lite For Existing Customers
- How Does The 4% on Savings Compare?
The Santander Edge*current account's main draw is its 1% cashback, yet it's not paid on everything. The account's main features include: 1. 1% cashback on household bills.This includes water, council tax, gas and electric, broadband, mobile and paid-for TV bills, capped at £10 a month. Unlike with the 123 Lite, Santander mortgages are NOT included....
Although Santander's 123 Lite is now closed to new customers, existing customers can continue to use their Lite account as normal. For £2 a month, the 123 Lite gives tiered cashback of between 1% and 3%, up to a maximum of £5 a month in each tier: 1. 1%on Santander mortgages, council tax, mobile, phone, broadband and paid-for TV bills 2. 2%on energ...
The Edge account also comes with a linked 4% AER variable savings account (including a 0.5% bonus, essentially a minimum rate guarantee, for a year), where you can pay in up to £4,000. The maximum interest you can earn is about £157 a year – this is because if you have the maximum in the account, and interest's paid on top, you can't earn interest ...
Feb 16, 2024 · A few years ago, the Santander 123 account was the must-have account for everyone. But when the charges increased and the benefits reduced, many of us switched over to the 123 Lite account. But as we’re in 2023, take a look at this review to see if this still an account we all should have.
The table below shows how much interest you’d earn on £1,000, £4,000, £10,000, £20,000 and £25,000 when held in either the Santander 123, Santander Edge, Edge Up or a decent top-paying easy access account (at the time of writing) of 5%. The 123 Lite doesn’t pay interest.
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Aug 25, 2023 · Edge is a new cashback current account from Santander that replaces the Santander 123 Lite current account. Edge account holders will befit from 1% cashback on debit card spending and bills but there are limitations. Cashback is capped at a £10 a month for both types of spending, meaning the maximum you could earn is £20 a month or £240 a year.
