Property News · August 15, 2016

Santander slashes its 123 interest rate


Savers hit by a rate cut which is six times larger than the recent Bank of England reductionSantander is slashing the rate of interest on its highly popular 123 current account by half, in a move that will hit more than 500,000 customers. From 1 November account holders will receive just 1.5% interest, compared to 3% previously, in a cut that is six times the recent 0.25% reduction in Bank of England base rate. Continue reading…

Source : theguardian.com
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