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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.

Santander 123 Current Account (discontinued) reviews (1265)

Review of the Santander, 123 Current Account (discontinued):

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

123 Lite Account for cashback on monthly bills

Joint account with cashback and easy to navigate website. Cashback on Council Tax, Telecommunications and Utilities easily outweighs the £1 a month fee. I changed from the main 123 account due to charges Reviewed on: 27th January 2020

Easy to use and love the app

Easy current account with good money back and interest . Find the app fabulous especially as I have a savings acct and credit card with Santander so easy to move money Reviewed on: 27th January 2020

you get less than you used to

they're cutting the interest on the account AGAIN and still have to pay £5 per month. No longer value for money Reviewed on: 26th January 2020

Service

Great bank with excellent local service and highly reliable Reviewed on: 24th January 2020

Useless

Very hard to transfer money need my mobile number that wouldn't let me update so finally closed account. Reviewed on: 24th January 2020

People in branches are great, but product is getting less good over time....

The 123 current account was brilliant when it first started. 3% interest and no annual fee, then it went to £5 a month fee and 1.5% interest, and just recently they have announced they are cutting the interest AGAIN, to just 1%. The product now has very little to recommend it over other current accounts. I am cancelling my 123 credit card as since the fee for that was introduced, my interest isn't covering it. It's a shame as there is a branch near me and the staff are brilliant, but the products are suffering. Reviewed on: 21st January 2020

Secure and easy to use account

Easy to use on the website or the mobile app. Branch in my local town always good to have. Account pays interest on current balance but this is reducing in a few months. Cashback for some direct debits. Reviewed on: 21st January 2020

Rubbish bank

Closed account without any reason very poor bank don't use Reviewed on: 19th January 2020

Horrible

Santander is a awful bank to be with,was with them for nearly 4 years and you get nothing interest is poor customer service in branches isn’t great,The app is awful,not tools to use to help you Reviewed on: 19th January 2020

Once excellent soon to become undesireable

Santander used to provide top cash interest rates and great cashback for a small monthly payment. These have gradually been weaken and in March we hear they will worsen still.....time to switch. Reviewed on: 16th January 2020

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