Six day warning to anyone with a savings account

A finance expert has been advising savers to give their Individual Savings Accounts (ISAs) a check ahead of potentially significant changes which come into effect in less than a week. Laura Pomfret, a finance expert from the BBC, pointed out that with the Bank of England set to deliver its report next week, now is the critical moment for people to take a "money minute" and ensure they are getting the most from their ISA savings.

Speaking on BBC Morning Live, she said: "We are in a great interest rate period at the moment for savers. But it could change. The Bank of England's next review is scheduled for Thursday 19th of September. And so I am obsessed with telling people take a money minute."

She went on to recommend immediate actions for savers, stating: "Can you put your money into an account that will make you that bit extra before rates change? We've got one year.

"Santander ISA. It's a fixed ISA 4.62%. There are a couple out there with higher rates. This one. You only need 500 pounds to open. You could be making 4.62%. So that's one."

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Pomfret also brought attention to a deal from Trading 212, an investment platform, which is offering a cash ISA with a five per cent return, reports the Manchester Evening News. She revealed: "You only need a pound to start this one, and then actually chip have got 5.01%."

"It's a significant player in the fintech [financial technology] sector, even if it's new to some. It's extremely popular, accessible only through an app, but it's also flexible, and you only need a pound to open it. So go check what you're making and see if you can move it to make that little bit of extra money before rates may change every little helps."

For those considering a new mobile phone, she suggested now might be a good time to find bargains, adding: "It's also a good time to take some action if you're in the market for a new phone, definitely."

"So if you are in the know the new iPhone 16 was launched on Monday, this always means that older models will get reduced. We've seen some iPhone fifteens reduced by up to 100 pounds so, you could look around and get the older one and hold."

She also mentioned the benefits of buying refurbished tech. She said: "You could buy a refurbished one so refurbished tech is something that you may feel a bit uneasy about. But there's some really reputable retailers that you can go look at online that do full checks of the product that's been resold back to them back markets a really big popular one within the tech industry."