Property News · January 16, 2016

As Santander raises its fees, check that 123 still adds up


Rival banks are lining up to win you over if the £60-a-year levy is a price rise too far. We look at the best alternatives if you decide to switchIn the same week that Santander raised the fees on its popular 123 current account to £60 a year, a price war has broken out among the other banks, keen to tempt anyone wanting to move with offers of £100-£150 – plus other benefits.TSB arguably has the most tempting offer – sign up to its free Classic Plus Account through MoneySuperMarket.com or MoneySavingExpert.com and you’ll receive £100 cashback. On top of this the account pays 5% interest on balances up to £2,000, gives 5% cashback on contactless spending (worth up to £5 a month), and has a linked regular saver account paying 5% a month. Continue reading…

Source : theguardian.com
Read more…As Santander raises its fees, check that 123 still adds up

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