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Santander: 123 Current Account (discontinued) reviews

Name: 123 Current Account (discontinued)
Rating: 4.19 (1246 reviews)

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4.16

Based on 1,246 reviews, last reviewed 4th Apr 2025

1000% increase in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

55%

27%

Latest highest rating:

4

The Santander 123 account pays interest I like the 123 account as I can leave money in the current account to pay bills as they come in and I get interest on the balance. Unfortunately the ... Read more Reviewed on: 3rd April 2025

Latest lowest rating:

1

Goodbye Santander Unable to withdraw my cash when needed. A real lack of proactive help from this bank to keep our business. All accounts now closed. Reviewed on: 4th April 2025

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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 (1246)

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

A very good bank account with a very considerate bank.

I'm have had a Sandanter 123 current account for some years now and would line to highly recommend it to others. For every direct debit you sign up to from your account you are rewarded with interest. Santander have a very easy to use calculator on their 123 account site. For direct debits on household expenditure you can earn between 1 and 3 percent, which is added to your account monthly. For account balances of beteern £1000 and £2000 you can earn between 1 and 2%, for balances of between £3,000 and £20,000 you can earn 3%. In my opinion this is a very good deal, with interest rates so low at the moment. There is a charge of £2 per month for this account which is more than offset with all the interest which is available. The interest rates are current as at 1st September, 2015. I would also like to say that I have no affiliation to Santander and this is my honest opinion. Reviewed on: 1st September 2015

Goodbye Santander

Unable to withdraw my cash when needed. A real lack of proactive help from this bank to keep our business. All accounts now closed. Reviewed on: 4th April 2025

The Santander 123 account pays interest

I like the 123 account as I can leave money in the current account to pay bills as they come in and I get interest on the balance. Unfortunately the interest rate is no longer as attractive. The web site and phone app are very easy to use and very helpful either when at home or away. Reviewed on: 3rd April 2025

Standard

It’s a standard bank and it does the job Reviewed on: 2nd April 2025

Good app.

Good app. Friendly service inn my local branch Reviewed on: 2nd April 2025

Good well run current account.

Good well run current account, now move on to the Edge A/C with good rewards, customer service and value Reviewed on: 2nd April 2025

Whenever I have had an issue they have been quick to...

Whenever I have had an issue they have been quick to resolve, make good money back on the of the rewards Reviewed on: 18th March 2025

No longer worth it since benefits slashed

No longer worth it since benefits slashed Reviewed on: 4th March 2025

Very reliable and banking system

Very reliable and banking system Reviewed on: 3rd March 2025

Reliable and have been using them for years.

Reliable and have been using them for years. Would appreciate more competitive interest rates. Reviewed on: 3rd March 2025

Better than the Edge for my circumstances

I went from a current account with no benefits to this one. I would always get around £20-30 back in interest and cashback which always more than covers the fee. The main downside is the the rate of return is less with reduced cashback and higher fees. I have worked it out that based on my spending I am still better off sticking with this account rather than switching to the Edge account Reviewed on: 1st March 2025

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