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MSE News: Urgent! Are you a saver? Watch Martin Lewis' warning video before midnight

MSE_Helen_K
MSE_Helen_K Posts: 163 MSE Staff
Fourth Anniversary 10 Posts Photogenic
in Savings & investments
You must act NOW to get the top-paying rate on an easy-access savings account, MoneySavingExpert founder Martin Lewis has urged. Santander's best buy account offers 5.2% interest, but it will be axed to new customers after 11.59pm tonight. Martin explains everything you need to know in his latest video...

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'Urgent! Are you a saver? Watch Martin Lewis' warning video before midnight'

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Comments

  • Brie
    Brie Posts: 13,812 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Why does the Santander site say it will be available until 17th Sept?
    I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe and Old Style Money Saving boards.  If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

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  • flaneurs_lobster
    flaneurs_lobster Posts: 5,472 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 12 September 2023 at 3:40PM
    Brie said:
    Why does the Santander site say it will be available until 17th Sept?

    This issue is available until 17 September 2023 unless sold out sooner.

    my bold

     https://www.santander.co.uk/personal/savings-and-investments/savings/easy-access-saver
  • Rosa_Damascena
    Rosa_Damascena Posts: 6,835 Forumite
    Fifth Anniversary 1,000 Posts Homepage Hero Name Dropper
    I urge Forumites to invest 5 minutes in setting this up. It took me 3 the other weekend.
    No man is worth crawling on this earth.

    So much to read, so little time.
  • Florentine2023
    Florentine2023 Posts: 4 Newbie
    Second Anniversary First Post
    Brie said:
    Why does the Santander site say it will be available until 17th Sept?
    It’s probably being withdrawn early as it’s been very popular. As Martin advised - just open one and you should be able to invest more at the same rate
  • blurt91
    blurt91 Posts: 2 Newbie
    Ninth Anniversary First Post Combo Breaker
    Thanks so much for this tip. Got round to applying around 11pm last night half expecting that I would not make it in time. Woke up this morning and lo and behold, I had got the high rate and exactly as Martin had warned, the rate being offered this morning is pants!
  • Thumbs_Up
    Thumbs_Up Posts: 965 Forumite
    500 Posts First Anniversary Name Dropper Photogenic

    Lol. I told my younger sibling your last chance tonight. He’s reply “ I can’t be bovvered, I earn 40k a year”


  • Jchisley
    Jchisley Posts: 3 Newbie
    Second Anniversary Name Dropper First Post
    So I got an email this morning confirming my account that I applied for last night . It does say the 5.2% rate but says I’ll be sent the pin and  security code in the post . Can I just pay in to the account today anyway using the sort code and account number ? Seems a bit concerning to do it when I won’t be able to log in for 7 days or so ?
  • BooJewels
    BooJewels Posts: 3,000 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I personally would @Jchisley - just send over a small amount to ensure that the account is funded and remains open.  
  • Jchisley
    Jchisley Posts: 3 Newbie
    Second Anniversary Name Dropper First Post
    BooJewels said:
    I personally would @Jchisley - just send over a small amount to ensure that the account is funded and remains open.  
    Thanks - but wait until the pin and security codes come in the post before transferring a large sum ? 
  • stoneman
    stoneman Posts: 4,547 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Jchisley said:
    BooJewels said:
    I personally would @Jchisley - just send over a small amount to ensure that the account is funded and remains open.  
    Thanks - but wait until the pin and security codes come in the post before transferring a large sum ? 
    If you’ve already got their app or online banking it will already be showing up on there. No need to wait for any paperwork
    The common law of business balance prohibits paying a little and getting a lot. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.
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