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Baz46
Senior Member
Baz46 is offline
Somewhere rural 'out in the sticks', UK
Joined: Apr 2018
Posts: 4,916
Baz46 is male  Baz46 has posted at least 25 times and has been a member for 3 months or more 
 
18-01-2020, 09:53 AM
1

Santander 1|2|3 account interest rate reduced

What was once a good interest rate on the Santander 1|2|3 account has been cut, yet again. From 05 May 2020 this will go down from 1.5% to 1%, effectively a loss of £100 per annum for those with the maximum amount.

Yet checking their mortgage interest rates they are at around 3.9%, so for lending out £20,000 they get back £780 but only pay you or me £200! No wonder they make so much in profits!
 

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