Santander edge account vs 123 account

There are lots of good reasons to change your bank, including cash bonuses, high interest, fee-free travel money and low-cost overdrafts. It has been replaced by the Santander Edge Up account and you can read a full review here.

From time to time banking regulations and laws change. Or there can be an update to a current account and the way it works. We will always let you know if these changes affect your current account and the way you bank with us. We changed the names of 2 of our current accounts. Everything else about the accounts stays the same.

Santander edge account vs 123 account

Santander is removing its flagship current account from sale after more than a decade, as it launches a new current account offering cashback and other perks. Santander said that with the introduction of its new offering, its existing , Select, and Private current accounts are being removed from sale from Tuesday. We have a strong history of providing our customers with innovative accounts and we are pleased to be able to continue this with our new Edge Up current account. Its customers who already have a , Select, or Private Current Account now have a choice over whether they would like to keep their existing account or transfer to an Edge Up account. Those choosing to transfer can keep all their existing details, including their account number and sort code, Santander said. However, the perks on the account became less generous in the era of ultra-low interest rates. Santander has recently increased its in-credit interest rate, as rates have risen once more. The bank said its new Edge Up account will offer customers 3. Customers can benefit from fee-free debit card purchases and cash withdrawals abroad and fee-free international bank transfers, Santander said. Edge Up customers will also have access to Santander Boosts, which offers customers cashback, vouchers, discounts, prize draws, and giveaways tailored to their individual interests. Santander said an online calculator is being made available, to help customers decide which of its current accounts is best for them. Holders of the Santander Edge Current Account, which launched last November, will also benefit from no fees on debit card use aboard from Tuesday. The bank is also launching a new Private Current Account, offering customers the Edge Up features, alongside a personal private banking contact. Rachel Springall, a spokeswoman for Moneyfactscompare.

Holders of the Santander Edge Current Account, which launched last November, will also benefit from no fees on debit card use aboard from Tuesday. You will need to phone up the bank or go in branch to do this. This includes some changes to when we may not make your payments and when we might block or close your account.

Some articles on the blog contain affiliate links, which provide a small commission to help fund the blog. Read more here. Use our best buy tables to get the best rate on your savings. Find out if you can get free cash for switching bank. Check out all the top deals to save you money. This current account from Santander is open to new and existing customers. It replaces the Lite account for new customers.

Santander Edge Up takes things to the next level. With cashback only available on selected bills and debit card spend, you would need to make sure your payments qualify for the cashback to make the higher monthly fee worth it. Otherwise, the Edge account is probably the better option. The Santander Edge Up account is a cashback-paying current account that is part of the Santander Edge product suite. A recognisable high street presence, Santander UK is known for its cashback and reward current accounts.

Santander edge account vs 123 account

Santander has launched Santander Edge, a new current account to replace its popular 1 2 3 Lite product. Then on top of all that, you can get cashback through Santander Boosts, which gives you random offers like cashback with certain retailers, vouchers, offers and prize draws when you sign up for free. Unlike the 1 2 3 Lite, Santander Edge lets you earn cashback on your everyday spending as well as direct debits for bills, so there are more opportunities to earn. Plus, not every company is eligible for cashback. Shell Energy for example is no longer on the Santander cashback list. With no special switching offers to sweeten the deal, the benefits are too marginal to be worth it. Skip to content Search for:. Home Reviews Santander Edge: Is it worth switching current accounts? Santander Edge: Is it worth switching current accounts?

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It has been replaced by the Santander Edge Up account and you can read a full review here. Ask us a question We'll help you get the answers you need. Changes to your current account. However all three accounts have caps. Changes to our Student and Graduate current accounts - 15 February There are lots of good reasons to change your bank, including cash bonuses, high interest, fee-free travel money and low-cost overdrafts. Home Top Share. Big in America Push notifications. Notice of increase to interest earned on credit balances for 1I2I3, Select and Private current accounts On 7 February , we increased the in-credit interest rate for 1I2I3, Select and Private current accounts as shown below. Santander's account has slightly lost its spark in recent years, albeit it did raise its interest rate earlier this year.

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Find out more. Find out more about using your debit card outside the UK. Please note: Santander debit card, chequebook and arranged overdrafts are subject to status. Andy Webb January 27, at am. Our savings picks: Five favourite best buy cash Isas Rates are nudging higher, but none come close to beating inflation A third don't have emergency funds as inflation forces people to raid their savings Britons are seeing their financial resilience tested. Andy Webb April 29, at pm. Here are the qualifying subcategories:. Angela January 27, at am. From time to time banking regulations and laws change.