Santander 123 account - how long to open?

badger09

leeroy2009 wrote: »

and if you drive don't forget about santanders car insurance, they guarantee to reduce your best quote by 20% for us 123 account holders, mines due next month, amazing saving to be had by taking car insurance to Santander, believe they also do a good deal on home insurance.

Missed that little snippet and have just, on Saturday, renewed mine :mad:

innovate wrote: »

Have you got a cooling down period? Is it worth the hassle of exercising your right under the cooling down period? How much would you gain?

Less than £36 saving for me, but I've got good protected NCD, low excess etc so won't bother this year but will definitely bear in mind next year

Scarlet1982

innovate wrote: »

Have you got a cooling down period? Is it worth the hassle of exercising your right under the cooling down period? How much would you gain?

I've just gone over the 14 days at least I know for next year. I'll make sure to get quote for home insurance in September.

innovate

On a general point about car and/or home insurance: don't assume that a 20% discount is the best you can get. Use a couple of comparison sites, then when you found the most attractive offer (which isn't necessarily the cheapest), check what cashback you would get via Quido/TCB.

I got an amazing deal for my car insurance that way in January.

Having said this, Nationwide gave me an equally amazing deal for Buildings/Contents insurance. That was an offer that had popped up in my account. T&Cs were all they I would expect, and the premium was lower than anything an comparison site would offer me.

Most definitely worth shopping around.

Good guides on the main site, e.g. http://www.moneysavingexpert.com/car-insurance/

http://www.moneysavingexpert.com/insurance/home-insurance

jem16

innovate wrote: »

On a general point about car and/or home insurance: don't assume that a 20% discount is the best you can get. Use a couple of comparison sites, then when you found the most attractive offer (which isn't necessarily the cheapest), check what cashback you would get via Quido/TCB.

I see the Car Insurance is subject to a minimum premium of £225 for comprehensive policies. As I paid less than this anyway and will get about £35 for going through Quidco, it seems that Santander would be more expensive.

leeroy2009

true and without knowing your premium it was always going to be a guess. you had any letters from sanny yet?

jem16

leeroy2009 wrote: »

true and without knowing your premium it was always going to be a guess.

No problem - it was a good idea to let me know as I may not have noticed it and could have been useful.

you had any letters from sanny yet?

Yes I got the Welcome letter today and the PIN for the card - no card as yet and no details for online banking. I assume these will follow on.

leeroy2009

yes they will jem, theres another 3 letters to come if I remember correctly, each letter has different codes on it for your phone and online banking, do not be tempted to sign up for online banking - this has been done for you when you applied for the account, all these details will arrive soon, mostly daily from now.

jem16

leeroy2009 wrote: »

yes they will jem, theres another 3 letters to come if I remember correctly, each letter has different codes on it for your phone and online banking, do not be tempted to sign up for online banking - this has been done for you when you applied for the account, all these details will arrive soon, mostly daily from now.

I shall look out for them.

I did have online banking with Abbey (as they once were) but account long closed and I can't remember the details anyway. I'm hoping they don't think I still have them and that they still apply!

innovate

Anyone thinking of opening more than one of these, it seems that ship is about to sail: https://forums.moneysavingexpert.com/discussion/4657961

dalesrider

leeroy2009 wrote: »

and if you drive don't forget about santanders car insurance, they guarantee to reduce your best quote by 20% for us 123 account holders, mines due next month, amazing saving to be had by taking car insurance to Santander, believe they also do a good deal on home insurance.

Santander Car Insurance is subject to a minimum premium of £225 for comprehensive

Dam that's no good to me....

Neither is the home.

Contents only via AA £22 add in £19 cash back via quidco