Santander's 123 Lite current account is being replaced with a new Santander Edge account - which offers consumers up to £20 in cashback a month for a £3 fee.
The new account also allows customers to use a linked savings deal, paying 4% interest on up to £4,000. That means up to £13.10 in interest each month if you have the money to max out the deal.
The card has been designed to support customers with their essential bills and spending, as they can earn 1% cashback a month on daily expenses and the same amount on bills.
