SANTANDER CURRENT ACCOUNTS

With the new 123 Current Account from Santander you could save when you spend with your cashback on your household bills.

• 1% cashback on water and council tax bills
• 2% cashback on gas and electricity bills
• 3% cashback on mobile, landline, broadband and paid-for TV package bills

And you could save when you don't spend with interest on your account balance.

• 1% AER (variable) interest once your balance is £1,000 or over
• 2% AER (variable) interest once your balance is over £2,000
• 3% AER (variable) interest once your balance is over £3,000 (up to a maximum of £20,000)

Interest rates will apply on the first £20,000 of your entire balance once you have at least £1,000 in your account.

This is a simple and straightforward bank account. It pays no interest on balances but unlike the majority of accounts there is no minimum monthly funding threshold to meet. Switchers can also benefit from a 0% fee free arranged overdraft for 4 months


Arranged overdrafts are charged at £1 per day capped at 20 days per statement month after the first 4 months or as standard if you do not switch when opening .