Martin Lewis issues urgent bank warning to customers who must act before midnight

The financial whizz that is Martin Lewis has an 'urgent' banking message for us all.

And when he says it's important, you know you need to listen up:

The Money Saving Expert has helped millions of us over the years, whether that's with our mortgages or household bills.

And now, he's shared a vital bit of info that could help you save some serious cash.

In a post to his TikTok account, Martin explained that a huge bank offer is set to close, and you need to be quick if you want to catch it before it's gone.

He said: "I've got some urgent information for you If you're a saver. I can tell it's urgent because I was due to go out on the road but I've interrupted it to do this.

"Now, right now, the current top paying Best Buy easy access savings account, that's one where you can put money in and take it out when you like, is from Santander.

TikTok/martinlewismse

"And it is rare to see such a Best Buy coming from one of the big banks.

"But at midnight tonight, Tuesday, the 12th of September, it's effectively pulling that."

Martin went on: "So here's how it works, currently you can go to Santander you can open its easy access saver limited edition and get 5.2 percent.

"You only need to have a pound or more saved in there - you've got up to 250,000 if you're lucky enough to have that much.

"It can be operated online and you can make as many withdrawals as often as you like."

But there's a catch.

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Martin explained: "From midnight tonight, the same account will only pay 2.5 percent.

"But the interesting thing is as far as I can tell, and I've tried to dot every I and cross every T, if you open it today, even if you don't put money in today, then you get to keep the 5.2 percent rate - so you want to open the facility today."

Martin then explained that you'll have to remember to close it and switch accounts in a year's time, though, as once your account 'matures', the rate will drop to a tiny one percent.

He added: "But for the next year this looks like currently a massive Best Buy savings, but you'll have to open it by midnight tonight to get it now."

Martin, you are a true hero.

Dominic Smithers

Dominic Smithers is LADbible's Editorial Lead. After graduating from the University of Leeds with a degree in French and History, he went on to write for the Manchester Evening News, the Accrington Observer and the Macclesfield Express. So as you can imagine, he’s spent many a night wondering just how useful that second language has been. But c'est la vie.

@SmithersDom