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Santander: 123 Current Account (discontinued) reviews

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4.16

Based on 1,265 reviews, last reviewed 26th Jan 2026

200% increase in 5 star reviews

in the past 90 days

200% increase in 1 star reviews

in the past 90 days

55%

27%

Latest highest rating:

5

Good interest rate for credit balances and is accept... Good interest rate for credit balances and is accepted abroad Reviewed on: 26th January 2026

Latest lowest rating:

2

Loved the 123 account why did it go? Had a 123 account loved it, then Santander changed it to basic, whilst trying to get me to upgrade to a edge account which would cost me money most mo... Read more Reviewed on: 25th January 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 (1265)

Great service!

If your looking for a current bank account, the Santander 1,2,3 current account is definitely a great one. The account gives a real competitive interest rate and rewards you for saving more. It also provides cash back on household bills. Their app is fantastically easy to use and you can link it to your other Santander accounts and if you prefer more traditional banking methods you can also request a cheque book and paper copies of statements. Reviewed on: 24th December 2015

Worthwhile account

I find that the Santander 123 current account is the best account out there at the moment to keep day to day money and any extra savings. The 3% interest on amounts of £3000 to £20000 is value and to get this rate you only need to fund the account with £500 per month and set up 2 direct debits. there is a monthly fee of £5 but with the extra cashback when setting up direct debits for household bills, this is easlily worthwhile. It is easy to manage online and seems a winner to me! Reviewed on: 24th December 2015

If you have £20K in an account this is the best interest paying account at 3%

If you have 20k in an account this pays £50 a month to non tax payers and around £40 per month to standard tax payers for a monthly fee of £2 ( going to £5 in Jan) with the added return of 3% on media bills etc . easy to use and available online as well Reviewed on: 24th December 2015

Good money maker

I switched to Santander bank after having a bad experience with Lloyds a year ago. The nice lady in Santander introduced me to 123 current account and worked out for me ,taking into account my salary, savings, spending, whether this account is suitable for me. She want pushy or manipulative and left the decision to me. When I switched the bank moved all my bills and standing orders to my new accound and the money that had been sitting in my saving account making almost no profit. Over the last year I made around 200 pounds by having the money in my 123 Current account instead of keeping it in my old Saving account. Even with the fee increase from 2 to 5 pounds its still worth staying with them if you have over 10000 pounds in savings. Reviewed on: 24th December 2015

Best interest rate in the UK by far

Quite simply no other bank in the UK comes close to giving 3% on savings Reviewed on: 19th December 2015

Good interest

Needed an account to keep some money in to pay for my daughters college fees and student flat and keep it separate from our household account. After looking around we chose this account as it pays good interest on the high amount we have in there. Easy to use just pay in £500 a month and have 2 direct debits coming out and we earn 3%. Internet banking with them is so easy to use and anytime I've gone into branch the staff have always been so helpful. Only marked it down due to the increased fee coming into effect in Jan. Reviewed on: 3rd December 2015

Changed the rules

Enticed in then they put the fees up. Just cheap tactics really. Reviewed on: 30th November 2015

Great cash back offers

I enjoy the cash back offers that the 123 accounts offers. A great online banking app makes this account great to use. Reviewed on: 22nd November 2015

Great rates, great service

My current account makes me more in interest than my savings account, and the customer service I have had is fantastic. Speedy and helpful (unlike many other experiences with other banks). Plus their online banking is simple and useful Reviewed on: 22nd November 2015

Expert advice and service

I got to be honest if there is any problems no matter what it is they sort it out asap right there and then and if they can't they phone personally to let you know what's happening, cash back is awesome and so are there other products. Reviewed on: 21st November 2015

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