Santander UK have issued an important message to anyone on their 123 Current Account.
The bank has announced that is has increased the rate on its flagship accounts, as competition between providers ramps up. For those with balances up to £20,000, the annual in-credit interest rate has been increased to 1.75 per cent from 1.5 per cent.
As Liverpool Echo reports, new rate of interest should have been automatically applied on Tuesday, meaning customers can now earn up to £347.22 in interest per year, in addition to any cashback they earn on selected household bills paid by direct debit.
