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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)

Easy switch good cashback and interest

So easy to switch, offers good interest in the current climate and the cashback on bills covers the cost of the account, very pleased Reviewed on: 12th February 2018

great cashback account

i pay all of my bills out by direct debit, and the cashback pays off the monthly account details and a bit extra. nice way to make a little bit of money on my outgoings Reviewed on: 12th February 2018

Student account freebie

I opened a current account with Santander back in 2015 mainly for the railcard. Reviewed on: 11th February 2018

Reduced Interest

We used to love our 123 accounts, which gave us a great return on our savings (5%), but unfortunately, since this was reduced (to 1.5%) it's much reduced and our savings are better off elsewhere. Other than that, we really like the account though. Reviewed on: 11th February 2018

Loyal customer

I was with the Abbey National and when Santander took them over I considered moving my account but I'm glad I didn't as the customer service, both in branch and through customer service centres, has been both professional and friendly. The only improvement they could make is bringing in rewards for loyal customers rather than short term offers to new customers. Reviewed on: 11th February 2018

Reliable and reasonable.

I opened a 123 account some time ago.I have always been pleased at how Santander have until recently offered a reasonable rate of interest. I like the regular paper statements. Reviewed on: 11th February 2018

Easy to use

Online banking and banking with mobile easy to use and troublefree. Still got a local branch to visit when needed. Staff are always helpful and friendly. Paying in cheques using my visa card means no more filling in bank giro credits. Pays me interest and commission which always outstrips the monthly charge - would have scored higher but the rewards were cut last year. Reviewed on: 11th February 2018

123 Account

Good interest rates with a small monthly fee Reviewed on: 11th February 2018

Savings & Banking in one.

This account is good if you have approximately £20000 in it, and use it for direct debits for bills. However, tax is payable on the interest, and with the monthly fee, it becomes an average account. Reviewed on: 11th February 2018

Great value interest

I find that the worthwhile interest rate offered on a current account means there is no need to keep swapping funds to and fro from a savings account, so my money is always earning the maximum interest available. Reviewed on: 11th February 2018

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