The 123 Current Account from Santander pays you cashback on your household bills and interest on balance.
123 Current Account pays cashback on household direct debits
-1% cashback on water, council tax and Santander mortgage payments (up to maximum monthly mortgage payments of £1,000)
-2% cashback on gas and electricity bills
-3% cashback on mobile, landline, broadband and paid-for TV packages.
Household bills do not include TV licence, maintenance or insurance contracts, commercial use or commercial mortgages.
And also pays in-credit interest
-1% AER (variable) interest on balances from £1,000
-2% AER (variable) interest on balances from £2,000
-3% AER (variable) interest on balances from £3,000 and up to a maximum of £20,000.
Interest is paid on the first £20,000 of your entire balance once you have at least £1,000 in your account.
To get cashback on your household bills and interest on your balance, just follow these steps:
- Pay a monthly account fee of £2, which will be automatically taken from your account each month.
- Fund the account with £500 a month (a minimum balance of £1,000 is required to receive interest).
- Set up at least two Direct Debits. For cashback household bills must be paid by Direct Debit to organisations within eligible categories.
The Santander Everyday Current Account gives you all the essentials you need to manage your money.
-Easy access to your account 24 hours a day
-Free text message and email alert service
-A free Arranged Overdraft for 4 months when you switch