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Santander: 123 current account (discontinued) reviews

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4.12

Based on 1,276 reviews, last reviewed 18th Jun 2026

17% increase in 5 star reviews

in the past 90 days

100% decrease in 1 star reviews

in the past 90 days

55%

27%

Latest highest rating:

5

Everything Brilliant Interest on my account, cash back on utilities, only £500 a month needs to go in the account. There’s always somebody available on line, in branch or ... Read more Reviewed on: 18th June 2026

Latest lowest rating:

2

PROBLEM AFTER PROBLEM SO HAVE TRANSFERED TO NAYIONWI... PROBLEM AFTER PROBLEM SO HAVE TRANSFERED TO NAYIONWIDE AND NOW RECEIVE A MUCH MORE CUSTOMER FOCUSED BANK Reviewed on: 25th March 2026

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About this product

The Santander 1|2|3 Current Account is no longer available to new customers.

Review Santander: 123 current account (discontinued) now

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Santander 123 current account (discontinued) reviews (1276)

Interest rate dropping....

I have held a 1/2/3 account since it was first started a few years ago.Up until this year it has been a good way to try and get some interest on your money.Santander are now dropping the interest rate to 1.5%,so halving the rate.Ok if you have £10k or more in the account.As most will know the 1.5% is probably still the best you can do right now as the BOE has thrown savers under a bus since 2008 with it's monetary policy and ridiculously low base rate.Anyway all I can say is that Santander are a very good company to deal with overall and have probably been the saviour of many small savers in this country over the last 4/5 years. Reviewed on: 24th December 2016

Less attractive than it was, but rewards can still be worthwhile

I've held the 123 account for quite a while now, and after some initial teething problems I have been very happy with Santander's service and product offer. The increased fees and lower interest rates that have been introduced in recent months have made me look at whether I would be better off elsewhere, but I think on balance it is still a good account for me. I often use the retailer cashback offers and this improves the return on this and the 123 credit card that I also hold. Overall I am happy with Santander and would recommend them. Reviewed on: 24th December 2016

easy to set up OK return although, not as good as previously, great internet access though.

Using the banking app managing my accounts is easy and feels safe Reviewed on: 21st December 2016

fantastic

really excellent customer service, had no problems whatsoever . The only 1 snag would be the charge for the 123 account, make sure it is worth it for you Reviewed on: 18th December 2016

reasonable interest on a large sum

Although not the highest rate about it pays interest on up to £20,000 making it in my opinion a better bet than having lots of accounts with smaller amounts of money to moniter Reviewed on: 11th December 2016

santander banking

first class service, reliable and friendly Reviewed on: 5th December 2016

Still good value

Even after the change in monthly fee and interest decrease this account is still worth having, especially if you are self employed and keep your tax money in it Reviewed on: 4th December 2016

Decent Interest Rates

Reliable bank, online services easy to use Reviewed on: 29th November 2016

Really good although the product is changing...

Really like the account, gives you access to preferential savings accounts, ISAs etc however the interest rate on the 123 Current account is going down and I need to investigate whether its worth keeping the account. Reviewed on: 29th November 2016

Lured people in with 3% interest then dropped it

My happy that they dropped their interest rate. Plus they are crazily bureaucratic - won't stop sending me statements for an account with £0 in it even though I have requested they stop because I haven't put it in writing! Reviewed on: 29th November 2016

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