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15 Aug 16, 12:38 PM |
#1
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Imagineer
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Santander 123 Account Rate cute!
Just seen this on the BBC- It appears that they are halving there rates!
"Santander is halving the rate on its hugely popular 123 high interest current account, in a move that will hit more than 500,000 savers, reports The Daily Telegraph. The rate will be cut from 3% to 1.5% on 1 November. The account - adverts for which have featured the likes of Jessica Ennis-Hill, Jenson Button, Rory McIlroy and Lewis Hamilton - is hugely popular and has signed up hundreds of thousands of customers since its launch four years ago." Link to the Daily Telegraph telegraph/personal-...-halves-inter/
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15 Aug 16, 12:42 PM |
#2
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Imagineer
Join Date: Sep 06
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Me and the wife recently opened a 123 account based on the good advice on here. So the bank rate drops 0.25% and they cut 1.5% off their rate!
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15 Aug 16, 12:43 PM |
#3
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Imagineer
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The post Brexit news get worse each day!
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15 Aug 16, 12:47 PM |
#4
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Imagineer
Join Date: Sep 06
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15 Aug 16, 12:50 PM |
#5
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Thread Starter
Imagineer
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There has been much talk about the rate cutting but I don't think anyone thought it would go from 3 down to 1.5 a very large drop indeed!
Especially with the £5 monthly fee!
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15 Aug 16, 12:55 PM |
#6
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VIP Dibber
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This was going to happen. It had better interest than most savings accounts and was good while it lasted.
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15 Aug 16, 12:57 PM |
#7
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VIP Dibber
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Literally just opened one
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15 Aug 16, 01:11 PM |
#8
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Thread Starter
Imagineer
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You do have at least 60 days before it comes into force!
So it may be slightly longer
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15 Aug 16, 01:16 PM |
#9
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Imagineer
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15 Aug 16, 03:03 PM |
#10
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Imagineer
Join Date: Sep 08
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I changed over to Santander in March and have been delighted with the amount of interest I have earned compared with my old Lloyds account so am very disappointed to hear about this massive drop in interest rates, will have to shop around again.
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