Santander buying blow

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Santander buying blow

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Final blow for shut out UK investors in Santander

Santander buying blow

Martin Lewis has issued a warning to Santander customers, urging them to act before Monday as the high street banking giant is set to withdraw a major deal. Amid the ongoing cost of living crisis , Santander is poised to slash its top-paying savings rate, delivering a blow to its customers. From Monday, May 20, the bank will be reducing the interest rate on its easy access account, which previously offered a market-leading rate of 5. The new rate will be significantly lower at 4. According to moneyfactscompare. However, it's now time for savers to reassess whether this account remains the right choice for them. Savers should carefully review the terms and conditions of other accounts before deciding to move their money. Rachel further advised: 'Paragon Bank pays a competitive 5. She also emphasised the importance of staying vigilant, adding: 'Savers need to keep a close eye on the top rate tables and switch quickly to not be left disappointed,' reports Birmingham Live. He pointed out the advantages of these accounts despite the reduction, saying: 'Having said that, for most of the past few months it's been higher than any other easy-access account rate and the big advantage of choosing variable easy-access accounts like this is that, if they do let you down and ditch the very high rate, you can ditch them just as quickly and switch elsewhere. Hundreds of thousands of taxpayers have been quietly dragged into higher tax brackets in recent years. The drop in rates will be welcome news to mortgage borrowers who have had a tough couple of years, although savers will be hit again. Our writer takes a look at a FTSE share that -- on the face of it -- has all the credentials to make it a top stock for long-term passive income. The post With a yield of 9. This FTSE firm has just pulled off a huge deal that establishes it as a world leader in energy transition commodities and it pays high dividends too. The post A 6. Is this FTSE heavyweight set to soar on stunning new lithium deal? These penny stocks could be too cheap to ignore, according to analysts. Our writer wonder whether he should add them to his portfolio. This Fool is patting himself on the back after one of his recent stock picks has taken off. Analysts have some eye-catching targets for the BP share price over the next year. The stock has been struggling lately, but is it worth a closer look? The post Where might the BP share price go in the next 12 months? Always looking to boost the value of his ISA, our writer considers whether the recent crash in the Burberry share price is a wonderful buying opportunity. Here's why. This FTSE stalwart has taken quite a few hits in But I see an explosive growth opportunity on the horizon that could send its shares flying. This AIM stock is backed by a profitable, growing business but it's also making decent advances in the North American market. The BT share price is climbing and the future finally looks brighter. Harvey Jones would love to see the shares climb past p, so what are brokers forecasting? The post Could the BT share price hit p in the next year? Bloomberg -- Carson Block, famous for finding overvalued companies to bet against, said most investors would now do better to just buy the biggest US stocks as steady inflows push the market ever higher. These UK growth shares look cheap based on current earnings forecasts. Here's why our writer Royston Wild thinks they're worth a close look. The post 2 of my favourite cheap growth shares to consider today! Close this content. Link copied. Latest stories. Manchester Evening News. The Telegraph. The Independent.

Santander buying blow