MT Week - Santander Edge: A current account offering up to £240 cashback

So is it worth switching?

Santander has launched Santander Edge, a new current account to replace its popular 1|2|3 Lite product.

It gives you 1% cashback on everyday spends and offers a generous 4% AER interest rate on its linked savings account.

But don’t rush to make the switch just yet - for those perks, you have to pay a £3 monthly fee.

Given there are already similar cashback products on the market, like the free Chase current account, I wanted to look at whether it’s worth making the switch, especially for existing customers.