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Santander 123

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malagabob | 15:04 Sun 28th Aug 2016 | Personal Finance
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What's the news with the 123 account. Have heard they are reducing their 3% for balances between £3000 and £20000
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.... plus, you get 1.5% irrespective of how much you've got in, up to balances of £20k; whereas before it was tiered from 0-£1k; £1k - £2k and £2k - £3k .....
You should get a letter in the next few days if you have a 123 account. I got my letter yesterday
I got my letter but didn't read it thoroughly - is it any good keeping your cuppla shillings in this account or are there better out there.
This is probably the best summary of the situation, JJ- Martin Lewis's blog
http://blog.moneysavingexpert.com/2016/08/14/santander-123-slash-interest-1-5-ditch/
good link Fiction and had read another link - makes good reading. Did think to myself I won't be doing anything about it as 1.5% is probably a good deal compared with the other banks.

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