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Santander: 123 Current Account (discontinued) reviews

Name: 123 Current Account (discontinued)
Rating: 4.16 (1265 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)

Best on offer if you get cash back and interest.

If you have direct debits for your Utility's and able to afford over £10k in account, you gain cash back plus interest amounting to more than their charges and higher than any other bank/ building society/ISA. Reviewed on: 28th December 2016

santander 123 account

I HAVE BEEN WITH SANTANDER 123 CURRENT ACCOUNT FOR ABOUT 5 YEARS NOW AND HAVE RECENTLY GROWN DISILLUSIONED WITH THEM. THEY HAVE RECENTLY RAISED THE MONTHLY ACCOUNT FEE FROM £2 TO £5 AND HAVE HALVED THE INTEREST RATE ON THE SAVINGS ACCOUNT ATTACHED TO IT.I RECENTLY TRIED TO RE-CLAIM SOME BANK FEE'S FROM THEM AS INSTRUCTED BY THE MARTIN LEWIS WEBSITE,I ENDED UP BEING GIVEN £20 BASICALLY FOR NOT TAKING THINGS ANY FURTHER AS THEY SAID THEY WEREN'T BREAKING ANY RULES. I AM ABOUT TO LEAVE FOR ANOTHER BANK WHICH HAS GOOD CUSTOMER SERVICES,NO FEE ACCOUNT AND LESS CHARGES FOR IF YOU GO OVERDRAWN. Reviewed on: 27th December 2016

Reservations,

The reason leaving my previous bank was over excessive bank charges, Santander are fast going in the same direction, can not complain as after retiring getting finances back into routine is a challenge. Reviewed on: 27th December 2016

Good overall experience

Santander's online banking & their mobile app are brilliant. You can do most things online and for the few things you need to ring up about, the staff are really knowledgeable. Reviewed on: 27th December 2016

Good current account

Good interest rates on current account. Reviewed on: 27th December 2016

Money for nothing!

I have the above account - even though the interest rate has dropped to 1.5% I still get a good deal as I also get cashback on essentials including Council Tax, fuel, water & all phones - mobile and landline. I get a monthly statement through the post too so I can check all is OK. Would certainly recommend. Reviewed on: 24th December 2016

The Best

Santander is an excellent company/banking all facilities meet my requirements overall fantastic. Reviewed on: 24th December 2016

a bit disappointed

Santander recently changed their interest rates on their 1-2-3 account meaning its not just as good an account as before if using it for saving. We have 3 of these accounts as we felt 3% was a great rate with the way things in the banking world were but now they have dropped it to only 1.5% while also charging more for having this account too. Seriously considering changing where our money is. Reviewed on: 24th December 2016

Amazing!

Wanted a bank to switch to with great benefits and that also made the transaction easy and simple and Santander definitely did just that! I wanted to setup and move over my direct debits simply and quickly and with this account I gain benefits for paying bills and shopping. Reviewed on: 24th December 2016

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

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