Santander query

[Isabella40]

We have been with Santander for over 20 years with our bank accounts. Looking at our accounts can see there is a bank account one with £3 a month the other costs £5 a month. We have two accounts both eligible for each of the accounts.
Does anyone have the Santander Edge bank accounts are they worth it?

I have the santander edge I loose out as I don't quite get £3 in benefits but pay £3 in fees.however I make more on having the £4000 in savings every month (about £22 a month).
I've also been a long term santander customer and moved over earlier this year (was very quick process). If I start getting less interest it might be worth moving but for now I benefit.

Do you have a 123 account at the moment? We have had one (joint) for years too, ours has a monthly fee and some cashbacks etc. We went through the numbers for the cashbacks available on the Edge accounts and worked out that we were better off staying with the account we've got.

If you've not currently got a cashback account, the thing to do is to work out what regular payments (eg council tax, electricity bills etc) would accrue in cashback. Then you can see whether you would be ahead after the monthly fee.

Do you have a 123 account at the moment? We have had one (joint) for years too, ours has a monthly fee and some cashbacks etc. We went through the numbers for the cashbacks available on the Edge accounts and worked out that we were better off staying with the account we've got.

If you've not currently got a cashback account, the thing to do is to work out what regular payments (eg council tax, electricity bills etc) would accrue in cashback. Then you can see whether you would be ahead after the monthly fee.

We have the one that pays interest on the current account as well as cashback. Cashback just about covers the fee, but our bills are very low so others might get more.

It's useful getting interest on the money in your current account as you can keep enough in there for monthly bills, groceries, petrol and a bit of a buffer and it makes a little extra money while it's sitting there waiting to drip out over the month.