Martin Lewis warns Santander customers of ‘rule one’ and says ‘remember’

Martin Lewis said “remember” as he issued a “first rule” to Santander customers. The BBC Sounds star has defended urging customers to take advantage of a £175 free cash offer for customers who switch banks to Santander.

ITV star Mr Lewis said: “Interesting that some are responding but ‘name of another product’ is rubbish so… Remember the first rule of the money saving club is forget loyalty – judge each product on its own merits if you try to stick with one. bank for anything, you definitely won’t get the best deals.

“The second rule of MoneySaving Club is not to talk about MoneySaving Club, which, to be fair, we’ve broken more than once.” In response, one fan said: “Can you see more banks in the near future launching a switch offer?”

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“Yes, I hope so, although it’s been a little rare recently,” Mr. Lewis replied. One Twitter user replied: “If I come back (which I’m tempted to do), would my ‘relationship’ with my current bank hinder my chances of getting mortgages etc?”

Richard wrote: “The biggest thing holding me back from switching is the fear of being locked out of good rates from my current lender when it comes to remortgaging. Is it an irrational fear to have? They are more favorable rates for my current credit. account holders, is there anything else?”

“Ok, but introductory offers that expire in a year or less and exploit customer inertia are not in the wider customer interest. Fair competition is good, but this is not it,” said another. “This is very true, I really like my bank as a bank but I don’t use any of their other services as they are not the best. Rather they go best in class for each product,” commented another .

“Any bank but Santander that cobweb,” said another.