Bank accounts, we all need one. To receive our wages, pay bills and to save.
With so many different banks and indeed different types of accounts, it can be really confusing. I’ve been with Santander, formally known as Abby national since I was a baby.
My grandparents opened me up a savings account, I had a little red book which used to get stamped every time we made a deposit.
As I got older I then got a very basic card for the account, which I still have to this day nearly 30 years later.
It made perfect sense for me to open up another account with Santander when at the tender age of 15 I got my first job. Me and my husband now both have the 123 current account which offers
The current account that pays you cashback on your household bills and interest on your balance for £2 a month.
What you get
Monthly cashback on selected household bills.
Monthly interest of 3% AER (variable) on balances between £3,000 and £20,000.
To get cashback on your household bills and interest on your balance, just follow these steps:
Pay a monthly account fee of £2.
Fund the account with £500 a month (excludes internal transfers). A minimum balance of £1,000 is needed to receive interest.
Set up at least 2 Direct Debits. You’ll get monthly cashback on selected household bills you pay by Direct Debit
Find out how much you could earn using the online calculator.
If you choose to switch to the Santander 123 current account, they have a dedicated team to do it all for you. It takes seven working days and is covered by the current account switch guarantee.
Before applying to switch, make sure you have
your old account sort code and account number
your existing debit card number and expiry date. If you are switching a joint account to us, we’ll need the debit card details for all applicants.