The new Edge Up current account offers 1% cashback on selected monthly bills paid by direct debit.
Santander is removing its flagship 123 current account from sale after more than a decade, as it launches a new current account offering cashback and other perks.
Those choosing to transfer can keep all their existing details, including their account number and sort code, Santander said. Santander's 123 account pays up to 3% on selected household bills, capped at a maximum of £15 per month, as well as offering 2% interest on balances up to £20,000. The bank said its new Edge Up account will offer customers 3.5% interest on balances up to £25,000.
"We have a strong history of providing our customers with innovative accounts and we are pleased to be able to continue this with our new Edge Up current account."
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