Santander Cut Interest Rates On 123 Account

Santander has announced it will be reducing the amount of interest its customers can earn from its hugely popular 123 current account. Santander's 123 current account is a flagship offering from the bank and allows customers to claim cashback on household bills for a £5 monthly fee - a feature which will not be affected by the interest rate change. The cut follows a decision by the Bank of England to reduce the base interest rate to an historic low of 0.25% at their monthly meeting on 4&nb