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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

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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

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