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Santander: 123 Current Account (discontinued) reviews

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

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4.15

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

600% 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):

Outstanding product

I can't rave enough about how clever the 123 current account is. There is a 2 pound monthly fee, but this is more than made up for by the better savings rate on offer and cashback on household bills makes it really clever...cash back on bills is a nice feeling. Reviewed on: 10th June 2015

Good experience with Santander

I love this account. Online banking is super easy to use and the student and graduate accounts have been so useful with their interest free overdrafts. Would definitely recommend this account to recent graduates Reviewed on: 21st November 2019

Save while you pay

Great cash back incentives to pay household bills via direct debit Reviewed on: 21st November 2019

Great account

Ive had the 123 current account for about 5 years now and cant fault it. It gives a good rate of interest every month Reviewed on: 20th November 2019

Excellent current and savings

High security, good overall banking recesses and great rate of interest for a current account Reviewed on: 20th November 2019

Deserted my local high street(Penarth)

Had a very good local branch which I used a lot which was closed and I was told to go the next town! As a result I have started moving money away from Santander to providers with branches in Penarth Reviewed on: 12th November 2019

123 Account

Cashback on bills and interest on up to £20,000 easy to manage online. Reviewed on: 5th November 2019

123 Account for Me

This is one of the few bank accounts that don’t require a minimum pay in of over £1,000 needed to open it, making it accessible to those in lower paid occupations. For the monthly fee of £5 you get interest on your balance and cash back on direct debits to utility companies. They also have an offers page where you can earn cash back on certain retailers and popular eating out brands, by choosing the offers you want and using your debit card at them. All in all a good account with rewarding features. Reviewed on: 5th November 2019

Great cash back

When we pay out a fair amount of our income on household bills, it's rewarding to know that we'll get a bit back as cash back from our 123 account with Santander. They are such an understanding & helpful bank to be with. Reviewed on: 5th November 2019

Excellent

A great account paying good interest on 20k. Reviewed on: 5th November 2019

Excellent account; shame about charge and lower interest

I’ve had this account for several years, and whilst it’s great, I have seen its benefits eroded, particularly with regards to interest. Reviewed on: 15th September 2019

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