Halifax and Santander win waves of new current account customers while Barclays is cl

[Legal Beagles]

There was a seven per cent increase in the number of people choosing to switch current account in the last 12 months, according to data published today. In the year to 31 March there were 1.14million switchers, up from 1.06million in the same period the year before, industry body The Payments Council says. Two banks... Read more »
Read More -> Halifax and Santander win waves of new current account customers while Barclays is clearest loser, switching data shows | This is Money


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[sean5302]

Re: Halifax and Santander win waves of new current account customers while Barclays i

A good deal for people with a few bob.
Santander charges £2 pm for the 123 current a/c, paying 3% interest between £3k deposited and £20k. That's £510 gross, less £24 fees = £486 less tax. I struggle to find anywhere better than that.
Halifax pays £125 to switch to them and £5 per month net of tax at 20%.
Both a/cs have direct debit requirements paid from them.