YOU HAVE YOUR SAY

EVERY week Money Mail receives hundreds of your letters and emails about our stories. Here are some about our article exposing Santander’s latest changes to its flagship 123 current account.

Is this the death knell for bank accounts with benefits?

Money Mail, January 15 I WAS very disappointed to hear that Santander has reduced the interest rate on the 123 account to 1pc, when it was originally 3pc. Perhaps it should rename it the Three-To-One account!

P. K., Salisbury. SO MANY ‘bank accounts with benefits’ are no good. They often need you to deposit a minimum amount each month or pay a fee to get discounts on things you wouldn’t buy anyway.

C. S., Gloucester. I HAVE two 123 accounts, with £20,000 in each. I am going to close one of them, move most of my money into a good easyaccess savings account and downgrade to 123 Lite. Bye, bye Santander — it was nice while it lasted, but I’m off.

M. T., Buckinghamshire. WHEN Santander first introduced the 123 account, it will have gained millions of new customers who moved from other banks. It’s fair to assume millions will switch away from it now, myself included.

T. K., Prestwick. SANTANDER should stop paying celebrities to appear in adverts if it can’t afford to pay customers a decent rate. Stars such as Ant and Dec are already multi-millionaires. They don’t need our interest as well.

G. N., Scotland. MY WIFE and I have three 123 accounts between us, with £20,000 in each. We will close two of them and keep £5,000 in the third. I am going to put the remaining £55,000 into a savings account. The deal has changed, so we move on.

B. S., Surrey. MOST other banks only pay their current account customers interest on small balances. Santander will still pay on up to £20,000, so it is worth checking to see whether there is much to gain by switching.

U. F., Nottingham.

÷ WRITE to Tony Hazell at Ask Tony, Money Mail, Scottish Daily Mail, 20 Waterloo Street, Glasgow G2 6DB or email asktony@dailymail.co.uk — please include your daytime phone number, postal address and a separate note addressed to the offending organisation giving them permission to talk to Tony Hazell. We regret we cannot reply to individual letters. Please do not send original documents as we cannot take responsibility for them. No legal responsibility can be accepted by the Daily Mail for answers given.