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!