Jump to content
House Price Crash Forum
Sign in to follow this  

1|2|3 Current Account is STILL right for you as the changes could mean that you earn LESS in interest each month, or pay MORE for using an overdraft

Recommended Posts

The system ALWAYS adds an insult to injury.

Here is the email which I just received from Santander:


Changes to your 1|2|3 Current Account

Dear Mr Debbiebegood,

We’d like to remind you about the changes to your 1|2|3 Current Account. 

From 1 November 2016, the 1|2|3 Current Account will pay 1.50% AER / 1.49% monthly gross (variable) on balances up to £20,000, including on balances below £1,000. No interest is earned on balances above £20,000.

From 9 January 2017, the Arranged Overdraft Usage Fee will change to reflect the amount of Arranged Overdraft you use. This means, if you use an Arranged Overdraft of £2,000 or more, you’ll pay more in fees. If you use an Arranged Overdraft of less than £2,000, the fee will remain the same.


It's important to consider if the 1|2|3 Current Account is still right for you as the changes could mean that you earn less in interest each month, or pay more for using an overdraft of £2,000 or more. 


There are no changes to your monthly account fee, the cashback on eligible Direct Debits or access to preferential 1|2|3 World offers.

For more information, please refer to the account changes section of our website.

Thank you for banking with Santander.

Yours sincerely


Matt Hall 

Director of Banking and Unsecured Credit

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   295 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.