Santander UK is increasing the rate on its flagship 123 Current Account, after previously making a series of cuts.
The bank will boost the in-credit interest rate on its 123, Select and Private current accounts by 0.2 percentage points, to 0.5%, on balances up to £20,000.
The new rate will apply from March 28 and means customers will be able to receive up to £100 in interest on their account each year, in addition to any cashback on selected household bills included with the accounts.
