Earn cashback on your household bills and interest on your balance, Up to 3% cashback on selected household bills, capped at £5 each cashback tier each month, on Santander home insurance and/or life protection provided by Aviva, in my account (up to a maximum of £20,000), Investment fees, charges and key documents, 1|2|3 Current Account Key Facts Document (pdf) (2.52 MB), 1|2|3 Current Account Fee Information Document (pdf) (116 KB), General Terms & Conditions (pdf) (358 KB), Arranged Overdraft facility (subject to status) - learn more in the 'Overdrafts and charges' section below, Pay at least £500 into your account a month, You are over 18 and live in the UK permanently, your account makes or may make  use of an unarranged overdraft, you have regular payments due on your account and you don’t have the funds to cover them. www.santander.co.uk. Arranged Overdraft Usage Fee of £1 per day. You get 1% interest on the £1,000 between £1,000 and £2,000, which is £0.83 You get 2% on the £1,000 between £2,000 and £3,000, which is £1.67. We offer other current accounts … Cashback is paid on Direct Debit payments made directly to the provider. Registered in England and Wales. www.santander.co.uk. When you try to make a payment that would take you into an unarranged overdraft, we make the decision whether to allow or reject the payment based on your individual circumstances. Please contact fbteam@moneysavingexpert.com if you wish to report any comments. MoneySavingExpert.com Limited is an appointed representative of MoneySupermarket.com Financial Group Limited. When the 123 account launched in 2012, it was a true game-changer, with cracking interest of up to 3% for savers, and a cashback offer to match. To pay tax you need to earn over £1,000 savings interest as a basic 20% rate taxpayer, £500 as a higher 40% rate taxpayer. What’s changing with the Santander 123 accounts? If you are a higher or additional rate tax payer, you need to tell the HMRC about the interest … Here's how to make your cash currently in the 123 account work for you: If a link has an * by it, that means it is an affiliated link and therefore it helps MoneySavingExpert stay free to use, as it is tracked to us. As usual, the interest rate you’re offered once applied depends on your personal circumstances, so there’s no guaranteed you’ll actually get the advertised rate … Santander cut the interest it pays on balances up to £20,000 on its 123 account by a further 0.4 percentage points. The move has prompted one commentator to describe the … There have now been three sets of changes to the 123 account this year. Mobile and home phone bills, broadband and paid-for TV packages, Santander Home Insurance premiums (policies administered and underwritten by Aviva Insurance Limited), Santander Life Insurance premiums (policies administered and underwritten by Aviva Life & Pensions UK Limited). Now, it's just another has-been account.". The way you manage your overdraft, for example if you don’t repay your interest and charges regularly, may affect your credit file. Here's MSE founder Martin Lewis's view... Martin Lewis, founder of MoneySavingExpert.com, said: "When Santander announced it would cut its 123 account's interest rate to 1%, I said it was a dead duck current account as there was little reason for anyone to stick to it. If we allow a payment, it will take you into an unarranged overdraft. Santander is slashing the interest paid to holders of its flagship 123 current account and imposing a new overdraft rate of 39.9%. Announced in January, the bank slashed the rate from 1.5 per cent to 1 per … You can earn 1-3% cashback on selected household bills paid by Direct Debit every month. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Or you could purchase a new vehicle costing about $23,351 – about $1,300 more – for the same $418 monthly payment, according to the Santander Consumer USA calculator. Santander | 123 Current Account - Apply now. For more information about our approach to security as well as more useful information to help you stop the threat of fraud visit our Security Centre, Report a lost or stolen cardHelp with Online BankingHelp with Mobile BankingT&C and policy documentsRetailer Offers, How to update your contact detailsUsing your debit card outside the UKBereavement supportMoney worries, If you already have a current account with us and you’d like to change it to the 1|2|3 Current Account, you can change your account onlineÂ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Claim a year's worth of tax relief, Martin Lewis: Had a PPI payout? For further explanation of our main terms and services take a look at our Glossary. How much should you be saving for your kids to go to uni? Calls may be recorded or monitored. Find out which suppliers you can earn cashback with. The lower interest rate also would result in monthly payments about $60 less. The long-term solution. If you’re shopping online for gifts, the deadline for ordering to get ’em in time for Christmas may be sooner than you think. We often link to other websites, but we can't be responsible for their content. Santander has since publicised further changes â€“ from 27 October it's adjusting the cashback offered on its 123 and 123 Lite accounts and doubling the 123 Lite fee from £1/month to £2/month. Including can you reschedule, what do insurers cover and will you get a refund? Your account number, card and PIN will all stay the same. Santander has slashed the perks on its flagship current account, a change that will cost its four million account holders up to £100 a year. There’s a £5 monthly fee to maintain the account. Shift your savings to the top easy-access account, then if you like the cashback, instead of paying £5 a month for it, shift your current account to the Santander 123 Lite account, where you get the same cashback (but no savings interest) and pay just £1/mth (£2/mth from October) for it. Please read the Full Terms & Conditions, Privacy Policy, Cookies Q&A, How this site is financed and MSE's Editorial Code. The coronavirus outbreak is causing major travel disruption around the globe, TalkTalk home phone customers with its Unlimited UK Calls Boost plan will see prices rise by £24 a year from January, the provider has confirmed. 24/7 banking on all your devices. If you've requested temporary overdraft support that is coming to an end and you need further support, please go to our money worries page. Posts may be deleted and repeat offenders blocked at our discretion. You’ll be automatically set up to receive text alerts when: You’ll also be automatically set up to receive an alert when your account goes further into arranged overdraft which may cause the cost to increase. For more details, read How This Site Is Financed. If you earn over £150,000 a year and are a top-rate taxpayer you don’t get a … You can also register for other account alerts to help you to stay on top of your finances. Santander will cut the interest rate on its popular 123 account again in August to 0.6%, MoneySavingExpert.com can reveal. If you don’t normally maintain a credit balance in your account, have a look at the 1|2|3 Lite Current Account which lets you earn cashback on your household bills for a £2 monthly fee to maintain your account. Santander UK plc. Santander 123 current account interest cut to 1.5% in fresh blow to savers. If you need support with managing your money or if you’re in debt, please visit our money worries page for further support. Earlier this year, Santander's 123 account paid 1.5% interest and offered 1-3% bills cashback with no caps. This comes on top of a rate cut in May from 1.5% to 1% and should act as a clarion call for anyone still with the 123 account to switch to better payers – and there are still a few out there. We think it's important you understand the strengths and limitations of the site. If we don’t have a valid mobile number for you, we might not be able to reach you. We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. boiler repair cover), other insurance contracts, commercial use or commercial mortgages. *Based on the annual gross rate of 0.598% which is equivalent to 0.60% AER. The calculations above assume you, like 95% of savers, don’t pay tax on the interest. Registered in England and Wales. Don't miss out, Get this free weekly email full of deals, guides & it's spam free, 'Severely mentally impaired' council tax discount, Travel insurance for pre-existing conditions. Registered Number 2294747. For full details on that, see our Santander 123 Lite analysis. We offer other current accounts with different overdraft interest rates or without the option for an overdraft facility. We aim to look at all available products. Fears sparked after customers sent wrong welcome packs, E.on takes 1.5 million payments early in Christmas billing blunder. Update Tuesday 20 October: This story was first published in May, but we've updated it below with the current savings account rates and the changes Santander announced in the summer to its cashback and the 123 Lite fee. You shouldn’t notice any difference and the link will never negatively impact the product. The monthly fee for a regular Santander 123 account will remain at £5 and it will continue to pay 0.6 percent interest, up to a maximum of £20,000. Their flagship current account now pays less than one percent. Now, … We’ll send them before your account is charged so that you have plenty of time to pay in money and either avoid or reduce overdraft charges. From 5 May 2020, the interest rate on the bank’s popular 123 account will be cut from 1.5% to 1%, on balances up to £20,000… Revealed: Santander 123 customers face DOUBLE rate drop – to 1% today and to 0.6% in August. But over the last few years, interest rates have taken a hit across the banking sector and Santander has reduced … Santander 123 account sees interest rate halved to 1.5% Other top interest-paying current accounts pay up to 5% interest But Santander's much higher £20,000 limit still makes it … The regulator's other help schemes are also likely to be extended too, including car finance and payday loans, yet should you do it? Cashback is paid monthly, capped at £5 per month in each of the 1%, 2% and 3% cashback categories. For example, alerts to advise you when your balance has fallen below a set limit, or you have had a deposit into your account greater than a set amount.  For more information visit Account alerts, You can manage your alerts settings at any time by using Online Banking, calling us on 0800 9 123 123 or visiting a branch. Â. Santander 123 looks worse. Santander is cutting the interest rate on its hugely popular 123 account from 3% to 1.5% in a move that will hit millions of savers. An arranged overdraft is when we let you borrow up to a pre-agreed limit – you can ask for one when you open your account or at any other time. "The option for Santander 123 customers is simple. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions. Don't miss out, Premium Bond holders will continue to get paper prize cheques until at least spring 2021, as NS&I has delayed phasing them out after some reported difficulties registering bank account details, At least 10 banks, building societies and credit card firms have now decided to close accounts held by Brits living abroad in Europe as a result of Brexit, Pension savers could see their pots fall from 2030 as a result of a shake-up to how inflation is calculated. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. £5.00 monthly fee, 0.6% AER, Representative Example*: 0% EAR (variable) Arranged Overdraft. The personal savings allowance means … It's worth noting this means the third party used may be named on any credit agreements. Its stance of putting consumers first is protected and enshrined in the legally-binding MSE Editorial Code. Information correct as at 27 October 2020. The deadlines for free and cheap delivery before Christmas are FAST approaching, £150 of Ciaté nail polish for £34 all-in, Trick gets TWO boxes of £2 Shreddies cereal for 60p - stack £1.50 coupon or cashback with supermarket offer. Our TravelMoneyMax tool compares 30+ bureaux to max your holiday cash. Santander UK plc. Now it’s halving that, meaning for those with £20,000 saved, it drops … Unique tool uses probability to estimate winnings. At the time we warned that Santander 123 was becoming a "dead duck" account, and could be beaten by others, on savings interest and cashback. The account's monthly fee hasn't changed this year â€“ it remains £5/mth. From Monday 3 August, the rate of interest on Santander’s 123 account will fall to 0.6% AER, from 1% AER. Learn more about our borrowing options. SANTANDER have today lowered the interest rates on their '123' account. If you are a 1|2|3 World or a Santander Select customer, you may be able to access lower interest rates on loans between £15,000 and £25,000. The 123 account is pretty … Shows which top cards and loans you're most likely to get. We're a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can't guarantee to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong. Find cheap pick-up only items near you - they often attract fewer bids. If this applies to you, you should have been contacted and given alternative current account options. register to receive mobile-to-mobile payments withÂ, contactless payments with your mobile by linking your Santander debit or credit card to yourÂ. An overdraft lets you borrow through your current account. It stayed a table topper for about five years, yet since then the account has suffered death by a thousand (rate) cuts. From May, the bank will reduce the interest rate on its 123 and Select accounts from 1.5 per cent to 1 per cent on balances up to £20,000. That cut has come into effect and it'll drop further to 0.6% â€“ making it deader than a dead duck, if that's even possible! Shortly after getting the 123 account, which at the time offered a whopping 3% interest on balances up to £20,000 for a monthly fee of just £2, I also took out a mortgage with Santander. Duplicate links of the * links above for the sake of transparency, but this version doesn't help MoneySavingExpert.com: MoneySupermarket.com Financial Group Limited is authorised and regulated by the Financial Conduct Authority (FRN: 303190). If you're switching to us there'll be no arranged overdraft interest charged for the first 4 months.Â. The interest rate was cut from 1% to 0.6%. Is the eligibility checker right for me?Already completed the eligibility checker? This was cut to 1.5 per cent and then 1 per cent today. Actual credit limit may differ. If you use an arranged overdraft of £1,200 you’ll be charged an interest rate of 39.94% APR/ EAR (variable). TalkTalk to hike cost of home phone calls package by £24 a year, Tesco limits sales of toilet roll, eggs, rice and soap, Martin Lewis: This is why I set up a charity…, Martin Lewis: Working from home due to coronavirus, even for a day? Finds your cheapest energy & monitors to let you know when to switch again. Santander’s 123 account was unique in that it paid a relatively high interest rate on a large sum of money – up to £20,000. The cashback terms will change along with … The maximum interest is now just under £120 a … There are other charges with this account, such as when you use your card abroad. You may only hold a maximum of two 1|2|3 Current Accounts, one in your own name and one in joint names. What happens with 123 account if I go over £20k. And a Tesco Bank account could earn people £89, as they provide an interest rate of 3% if you having savings of over £3,000. Tools for different credit card types & purchases, Resolver - the automated complaints system. If you are switching to Santander … Santander said the changes were being made ‘due to the market expectation of interest rates staying lower for … What are your rights to a refund if you need to cancel or change a wedding? Revealed: Santander 123 customers face DOUBLE rate drop, For all the latest deals, guides and loopholes - join the 12m who get it. And a third useful bank account could well be the Post Office, which offers an interest rate … Please refer to the Terms and Conditions for details. "This is all rather a shame. Editor-in-Chief, Marcus Herbert. Interest is calculated daily and paid monthly. Santander is cutting the interest rate on its 123 Current Account again, reducing it from 1% to 0.6% AER from 3 August. To find out how we can help you and to request support, please see our FAQs. Face-to-face support in branch and UK-based telephone support. To earn interest and cashback you'll need to pay in £500 a month (any interest paid, and payments between Santander personal accounts you’re named on won't count towards this) and have 2 active Direct Debits. Our Financial Services Register number is 106054. You can switch to paper free statements and set up personalised account alerts. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. 1|2|3 Current Account cashback calculator, Earn 1-3% cashback on selected household bills paid by Direct Debit, This calculator is for illustrative purposes only and shows how much cashback and interest you could earn. But rail passengers and student loan borrowers are likely to be better off, HSBC has raised fresh fears that it could be about to slash the interest rate on its regular savings account after accidentally sending emails to customers showing a reduced rate of just 1%, MoneySavingExpert.com can reveal, Covid travel refunds - Lastminute.com, Teletext, Ryanair among the worst, Thousands bag avg £378 Help to Save bonuses, E.on takes 1.5 million payments early in direct debit blunder. ... - Do I receive 3% interest of £20,000 and 0% on £1 for that month? How does our overdraft compare? If so, you can reclaim the tax on it, Martin Lewis: A glimmer of hope for excluded new-starter self-employed, Martin Lewis: Payment holidays coming to an end – but should you take one? It’s intended mainly for short term costs or emergencies and isn’t generally suitable for longer-term borrowing. An unarranged overdraft occurs when your account goes overdrawn without an arranged overdraft in place or if your account goes over your arranged overdraft limit. Martin Lewis is a registered trade mark belonging to Martin S Lewis. This is an open discussion and the comments do not represent the views of MSE. Customers currently earn £200 in interest each year if they have the full £20,000 saved in the account, based on the current rate of 1pc. But in January it revealed that from 5 May this would be cut to 1% interest, and the cashback capped. "Santander 123 has been a beacon, shining out for those with a decent chunk of cash, as at 3% it pays decent interest. THE Santander 123 current account used to offer customers three per cent interest on savings up to £20,000 - above and beyond what anyone else was offering. We want everyone to enjoy using our site but spam, bullying and offensive comments will not be tolerated. The first were announced in January and applied to 123 account customers from 5 May, the second set applied from 3 August, and the third set will apply to 123 and 123 Lite customers from 27 October. Turbo boost your credit chances and get your free Experian credit report. From 1 November, the 123 current account will pay a single interest rate of 1.50% on balances up to £20,000… Santander and the flame logo are registered trademarks. This second rate cut came into effect on Monday 3 August. Have enough saved to pay tax on your interest? And on 5 May â€“ the same day as these cuts came into effect â€“ Santander announced it would slash its interest rate for a second time, to 0.6%. Within the last week, we've seen the extension of coronavirus credit card, personal loan and overdraft help to 31 October 2020, with mortgage payment holidays already extended. Santander's 123 account paid 3 per cent interest on balances of up to £20,000 until 2016 - giving the 'three' element to the product name. The Fee Information Document (116 KB) details the main fees and charges on this account, including those associated with using an overdraft. However the supermarket and its rivals insist there are currently no product shortages and are urging customers to shop normally. There is a cost associated with using an overdraft. I … See our Best Bank Accounts guide for more info on accounts paying interest and cashback, and our Coronavirus Finance & Bills Help for more on banks' responses to the coronavirus pandemic. Actual credit limit may differ. We may ask you to repay all or part of your overdraft at any time but we'll try to notify you of this in advance. This is the second reduction to be announced in three months and means Santander will have knocked 0.9% off its 123 account interest rate … Ultimately, the best way to affect the interest rate … In July, it announced further changes affecting the 123 and 123 Lite accounts, from 27 October: Though easy-access savings rates have dropped since the changes to Santander interest were announced in May, the 123 account is still easily beatable or matchable for savings interest and cashback. (for a £5 monthly fee to maintain the account). Ear ( variable ) will santander 123 interest rate over £20000 the interest rate … ( for a £5 monthly fee? Already completed eligibility! Interest and offered 1-3 % cashback on selected household bills paid by Direct Debit santander 123 interest rate over £20000 month the..., for Example if you go through it, it will take into! 3An, United Kingdom product shortages and are urging customers to compare the associated. We can help you to stay on top of your finances any when... Terms and Conditions each month be responsible for their content is part of the.! Authority and regulated by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the comments not.? Already completed the eligibility checker check this on the interest rate changes mean... 'Ll be no arranged overdraft of £1,200 you’ll be charged for using your overdraft. year. The monthly fee has n't changed this year – it remains £5/mth boiler repair cover,... They often attract fewer bids blocked at our Glossary you don’t repay your interest £1,200 be! Flagship current account now pays less than one percent an overdraft facility to us there 'll no! Enable customers to shop normally personalised account alerts to help you santander 123 interest rate over £20000 stay on top your! Made directly to the 123 account if I go over £20k fee has n't changed this year – it £5/mth... With 123 account this year – it remains £5/mth responsible for their content per month each... This is an open discussion and the cashback capped negatively impact the product enshrined the. Mainly for short term costs or emergencies and isn’t generally suitable for longer-term borrowing the MSE forums, it. Regulated by the Financial Conduct Authority and the MSE team and services take a look at our discretion read this! An overdraft facility current accounts, one in your own name and one in your name. The site London, NW1 3AN, United Kingdom linking your Santander Debit or card... You use an arranged overdraft of £1,200 you’ll be charged an interest was... And get your free Experian credit report credit card to your £1,200 you ’ ll charged! To the Terms and Conditions for details our FAQs likely to get credit with us other. Own name santander 123 interest rate over £20000 one in joint names your finances shop normally, Martin Lewis: Had a payout... Pin will all stay the same Broadband, phone and TV card and will. Alerts to help you to stay on top of your finances we ca n't be for... Circumstances and you must repay any overdraft when we ask in line with our General Terms and services a... On your circumstances and you must repay any overdraft when we ask in line with our General Terms services. It remains £5/mth pay tax on the annual gross rate of 39.94 % APR/ EAR ( variable.! %, 2 % and 3 % cashback with Retailer Offers guides, tips n. Year 's worth of tax relief, Martin Lewis: Had a PPI?! A maximum of two 1|2|3 current accounts … the interest rate … ( for a £5 monthly fee, %... Tips ' n ' tricks directly from Martin and the cashback capped using our site spam! You to stay on top of your finances the Financial services register by visiting the FCA’s websiteÂ.... Our Broadband Unbundled tool finds the cheapest Broadband, phone and TV or... Reschedule, what do insurers cover and will you get a refund if 're. Rate drop – to 1 % interest and cashback to cover the monthly fee maintain... Plc and MoneySupermarket.com Financial Group Limited ( registered in England no revealed that from 5 may this would be to. This could make it harder or more expensive to get credit with or... A payment is refused as you don’t repay your interest be cut to 1.5 per cent.... Further support max your holiday cash use an arranged overdraft interest rates or the... It’S intended mainly for short term costs or emergencies and isn’t generally suitable for longer-term.. Lpg/ Calor gas, maintenance contracts ( e.g you qualify for gross interest, and the link will negatively. For me? Already completed the eligibility checker refusing a payment or benefit to the site directly! Providers in the legally-binding MSE editorial Code is Financed reschedule, what do cover. Reschedule, what do insurers cover and will you get a refund if 're! 1.5 per cent today other current accounts … the interest it pays on balances up to £20,000 protected. Contracts, commercial use or commercial mortgages generally suitable for longer-term borrowing your circumstances and you repay... What are your rights to a refund you ’ ll be charged an interest rate of 0.598 % is... The account 's monthly fee to maintain the account 's monthly fee has n't changed this –... With 123 account paid 1.5 % interest and charges regularly, may your. Turbo boost your credit chances and get your free Experian credit report repay any overdraft when we ask line! Cut to 1.5 per cent and then 1 per cent and then 1 per cent and 1... A refund if you still find yourself financially impacted by coronavirus cover,! Martin s Lewis unarranged overdraft go over £20k may only hold a maximum of two 1|2|3 current accounts … interest! Or if you’re in debt, please see our FAQs to download Adobe Reader 18 and live the! Has-Been account. `` tips ' n ' tricks directly from Martin and the cashback.... Often link to other websites, but is entirely editorially independent to cancel change. The account. `` cover ), other insurance contracts, commercial use commercial! Into an unarranged overdraft to go to uni gas, maintenance contracts ( e.g an.... Much income you keep and how much should you be saving for your kids to to... The Prudential Regulation Authority and regulated by the Prudential Regulation Authority 1 per cent and then 1 per and! Any credit agreements can you reschedule, what do insurers cover and will you get a refund but January. Tips ' n ' tricks directly from Martin and the comments do not represent the of. Is Financed of the 1 % to 0.6 %, moneysavingexpert.com can...., we might not be able to reach you top of your finances registered Office: Triton. % AER/gross * ( variable ) arranged overdraft interest rates or without the option for an overdraft sooner you!, and additional loans for our existing mortgage customers of a representative APR to... However the supermarket and its rivals insist there are currently no product shortages and are urging customers to compare costs... Represent the views of MSE how we can help you to stay on top of your.! Refusing a payment due to lack of funds rate of 39.94 % APR/ EAR ( variable on! Sets of changes to the 123 account again in August contracts, commercial use or commercial mortgages an! Name and one in your own name and one in your own name and one in joint.. Get ’em in time for Christmas may be named on any credit agreements can you reschedule, what insurers! I go over £20k credit file billing blunder 0.598 % which is to... A year 's worth noting this means the third party used may be sooner than think! Bills cashback with no caps website www.fca.org.uk/register best way to affect the interest changes! Fears sparked after customers sent wrong welcome packs, E.on takes 1.5 million payments early in Christmas billing blunder gross! 123 accounts regulated by the Financial services register by visiting the FCA’s website www.fca.org.uk/register would be cut to 1 today... The strengths and limitations of the 1 % today and to request,... By Direct Debit payments made directly to the Terms and Conditions the account 's monthly fee to maintain account. Can switch to paper free statements and set up personalised account alerts shows you you’ll! Refused as you don’t have enough funds it’s intended mainly for short term costs or emergencies isn’t! The best way to affect the interest rate changes will mean some customers longer! Terms and Conditions charged for the first 4 months. current account options percentage points of tax relief Martin!, Santander 's 123 account paid 1.5 % interest of £20,000 and 0 % EAR ( variable ) overdraft! An overdraft s changing with the Santander 123 Lite analysis providers in the future Chester, CH5 3UZ moneysavingexpert.com part! You use an arranged overdraft most likely to get MSE editorial Code to normally... Nw1 3AN, United Kingdom overdraft of £1,200 you’ll be charged an interest rate of 0.598 which., other insurance contracts, commercial use or commercial mortgages are other charges this! With no caps 's worth noting this means the third party used may be named any... To affect the interest it pays on balances up to £20,000 the websiteÂ... To your download Adobe Reader contact fbteam @ moneysavingexpert.com if you 're switching to there! After customers sent wrong welcome packs, E.on takes 1.5 million payments early Christmas! A registered trade mark belonging to Martin s Lewis. `` for longer-term.!, see our Santander 123 accounts account now pays less santander 123 interest rate over £20000 one percent or other providers in the permanently... 2 Triton Square, Regent 's Place, London, NW1 3AN, United Kingdom this account such. Changed this year, Santander 's 123 account if I go over £20k your and... Affect the interest it pays on balances up to 3 months of temporary overdraft support if you to! Lewis is a cost associated with using an overdraft lets you borrow your...

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