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Reviews for Santander
Average User Review Ratings for Current Account products
Service: Current Account
Product: Bank Account
Review by webwiz
submitted on 08 February 2013
Likes: Pays interest on balances up to £20,000. Pays up to 3% cashback on direct debits.
Dislikes: Costs £2 per month.
Important - this is the 123 account. Although this is a bank account this is a way of using it as a savings account.
Cashback on water, council tax and Santander mortgage payments 1%
(up to maximum monthly mortgage payments of £1,000)
Cashback on gas and electricity bills 2%
Cashback on mobile phone, landline, broadband and paid-for TV packages 3%
Interest on balances from £1,000 AER (variable) 1%
Interest on balances from £2,000 AER (variable) 2%
Interest on balances from £3,000 3%
and up to a maximum of £20,000, so if you maintain a balance of £20,000 you will earn £540 = 2.7% and the cashback on the direct debits will more than cover the £2 charge for most people. Each month transfer in enough to cover the amount of the direct debits.
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