Santander cuts the interest rate on its 123 account and introduces a new overdraft fee

Santander cuts the interest rate on its 123 account and introduces a new overdraft fee

Santander cuts the interest rate on its 123 account and introduces a new overdraft fee

Santander has become the latest bank to charge an overdraft fee of 39.9%

Stephen Little
Tue, 01/14/2020 – 12:11

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Santander is slashing the rate on its 123 current account from 1.5% to 1% on balances up to £20,000 from 5 May.

It will also cap cashback paid out at £15 a month. The account…

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