Property News · November 1, 2016

Santander 123 account rate cut comes into effect


Bank becomes first of many to slash interest paid to customers, as experts predict slowdown in switching current accountsMillions of people holding Santander’s hugely popular 123 current account will see their interest rate halved on Tuesday.The Spanish-owned bank is the first in a line of institutions to implement rate cuts, with some experts predicting this could put the brakes on current-account-switching activity, as consumers conclude that the rewards on offer mean that moving bank is no longer worth the hassle. Continue reading…

Source : theguardian.com
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