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DON'T believe the fake 'Martin Lewis' or 'MSE' ads |
New. Free £185 bank switch, 1% bills cashback & 7% savings A few weeks ago, we bemoaned the fact there were no bank-switch bribes. Now it's flipped like a pancake, and there's strong competition. If your bank is great, and treats you well, ask how much you'd pay to stick with it. If it's less than £200, consider moving, as that's what you can make, at speed, by switching. Switching's usually quick and easy. To get free cash, you need to go via the bank's seven-working-day switch service, which closes your old account and auto-moves your balance, standing orders & Direct Debits. Once done, any payments to your old account are auto-forwarded. You'll need to pass a not-too-harsh credit check. Full info in Best bank accounts, but in brief... New. Santander FREE £185 cash: Plus 1% bills cashback & 7% easy-access savings. It has three accounts offering the £185. The standout is Santander Edge*, which was a top-pick 'bills accounts' (good for joint bills too) even before the new £185. It costs £3/mth and requires you to pay in £500+/mth, but gives two ongoing (not time limited) sets of cashback up to a max £10/mth each:- 1% cashback on supermarket, fuel, and train and bus travel spending. - 1% cashback on water, council tax, energy, broadband, phones, and paid-for TV bills paid via it. For households with average bills, the gain's typically £80 to £100/yr after the fee. You also get access to a year's 7% variable savings for up to £4,000 - max that out and it's £280 interest. Got bigger bills? The Santander Edge Up* account also pays the free £185, but for £5/mth the cashback cap is higher, at 2 x £15 (though you don't get the 7% saver & there's a £1,500/mth min pay-in). - How to get it: You need to pay in £1,500+ in the first 60 days (you can withdraw it immediately), always have £500+/mth going in (equivalent to a salary of £6,000/yr) & set up 2+ Direct Debits. You need to switch to it from a non-Santander Group bank (the group includes Cahoot & Cater Allen) and have never had a Santander switch payment. Just want the £185 & no monthly fee? Use the Santander Everyday* account where, within 60 days, you must pay in £1,500+ & have 2+ Direct Debits. NatWest / RBS FREE £200 cash: Plus up to £36/yr cashback & 6.17% regular savings. Switchers to the Reward account from sister banks NatWest* and RBS* get £200. You pay a £2/mth fee and get £5 cashback as long as you use the app each month and have two £2+ Direct Debits going out of it. You can also put £150/mth into a linked one-year 6.17% variable regular saver - max that out and that's £61 interest. - How to get it: Switch and pay in £1,250+, keep it there for 24hrs+ and use the app within 60 days. You need to switch to it from a non-NatWest Group bank, and have not had switcher cash from it since Jan 2020. Lloyds FREE £175 cash: Plus perks such as Disney+ & 6.25% regular savings. Club Lloyds pays switchers £175 & you get ONE of 12mths' Disney+ with ads, 6 cinema tickets, Gourmet Society & Coffee Club membership OR a magazine subscription. You can also put £400/mth into a linked one-year fixed 6.25% regular saver - max it out & that's £161 interest. - How to get it: Switch and pay in £2,000/mth (equivalent to a salary of about £29,000/yr going in) or there's a £3/mth fee. The account you switch must have 2+ Direct Debits. You can't have had switch cash from it since Apr 2020. HSBC FREE £100: Plus jump through a few hoops to get a year's £10/mth cashback & 5% regular savings. Switchers to HSBC Advance get £100, and it also pays a year's £10/mth cashback, but the criteria to get that are a bit tricky. You can also put £250/mth into a linked one-year fixed 5% regular saver - max that out and that's £81 interest. - How to get it: To get the £100 and £10/mth cashback, each month you must pay in £1,500+ (equiv to a salary of about £21,000/yr going in), make 20+ debit card payments, have 2+ Direct Debits (having also switched 2+ from your old account), log in to mobile banking & pay £50+ into your 4% Bonus Saver account (separate to the regular saver & you get a much lower rate of interest in months you withdraw). You can't have held an HSBC/First Direct account since 1 Jan 19. Yes, you can repeatedly switch to make £1,000s. It takes work and you need to follow our make £1,000s by repeatedly switching banks guidance, yet there's a growing tribe of bank-profiteers who do it, such as Angus, who emailed to say: "Thanks to your guidance, in the past year alone, we've made £1,000 - £200 each from TSB, £125 each from Co-op, and £175 each from Barclays. It's so simple, everyone who's able should try." Can switching bank impact your ability to access credit? Switching bank can impact your short-term ability to get credit, both as it's a credit application and, more importantly, as lenders like evidence of stability. It usually isn't a big deal, but if you've an imminent, important credit application due (eg, a mortgage within the next six months), it's probably best holding off until after. More in how switching banks impacts your credit. PS: Don't have a Chase debit card? You can get it without switching to get 1% cashback (max £15/mth) on almost all spending. |
Urgent! Super-cheap Easyjet winter flights (incl Christmas) land Thursday morning. Easyjet fares are based on demand, so if you're ready the EXACT moment flights become available, there's no demand, so serious bargains. Around 10m UK seats launch Thu for travel from 1 Dec 24 to 2 Mar 25. Full help in our Easyjet seat release trick. Stop press. 1yr energy fix undercuts Price Cap by 18% & switchers can get it too. The new EDF Essentials 1yr Mar 25v6 fix for new & existing Direct Debit customers with or willing to get smart meters is by far the market's cheapest standalone fix, averaging 18% less than the current cap (next best's only 15% cheaper) and still 6% less after it drops on 1 April. It's the first for a time that hits our 'it's worth fixing' level, as it matches how much it's predicted you'd pay if you stuck on the Price Cap over the next year, but has the benefit of price certainty. It has £50/fuel early-exit fees (waived if you switch to another EDF fix). Full info: Is it time to fix? Want to compare? Exact cost depends on region & use, it's in MoneySup* if you want an exact price (we're working on bringing MSE Cheap Energy Club back ASAP). £119 Hoover upright vacuum (normally £199). MSE Blagged. Via our special link. 5,000 available. Hoover Updated 2024/25 what'll your take-home pay be calculator. Factors in all national insurance changes. Tax calc Ends Thu. Cheap fast 132Mb Virgin broadband '£18.40/mth' OR superfast 516Mb '£27.45/mth'. MSE Blagged. Switchers in 60% of UK homes can get this Virgin 132Mb broadband & line deal for £24/mth plus an automatic £100 bill credit, so it's equiv to £18.40/mth over the 18mth contract. Even faster: Its Virgin 516Mb broadband-ONLY deal is £33/mth, plus the £100 auto-bill credit, so equiv to £27.45/mth over 18mths. Full comparison: See MSE Broadband comparison. Tesco 50% off toys, incl Barbie, Paw Patrol, Hot Wheels & more. In store for Clubcard holders. Toy sale Are you one of 808,000 households due a share of £141m in overpaid council tax? If you don't pay by Direct Debit & have moved areas, you're likely to be affected, but others should check too. What you need to know Martin's latest podcast. Savers special: Should you urgently get money in a cash ISA? | Car insurance: Do existing customers really get the same price as new? | What kids say about money | And more... All in the new The Martin Lewis Podcast. Listen via BBC Sounds, Spotify, Apple Podcasts or wherever you like to get your podcast fix. |
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The BIG SUCCESS of the week - take hope, things can get better One of the joys about working at MoneySavingExpert.com is reading the many successes that you, our users, send us. We try to sprinkle some on specific topics in this email each week as inspiration that action can pay off. Yet Angela's is in a different league, so we wanted to go large. Thanks to Angela and everyone who reports successes, it put a real spring in our steps (well, typing fingers). Here it is in full...
In relationships, there's usually a 'dominant financial doer' who sorts out the finances. There's nowt wrong with that, but if it steps over the line to 'I just do it all, so they needn't worry' it may feel generous, but it can be disastrous, especially if one of the three Ds hit (death, divorce, dementia - jolly isn't it?). In a shared financial relationship, both partners should know enough to be able to take over if needed. Communication & a financial factsheet are crucial. See financial relationships for more. |
MSE's chocolate bunny taste test. We see if the supermarkets can give Lindt a run for its money. Hop to it Warning: Urgent deadlines fast approaching for tax reclaims, price hikes & ISA allowances. A reminder of Martin's steal a March on April warning from last week, including: Urgent tax reclaims: Marriage tax | PPI tax | Tax (er, tax). Beat price hikes, incl: Council tax | Stamps | Mobiles. Savers - use or lose: Top cash ISAs | LISAs (for 1st-time buyers), plus a briefing on how will Child Benefit changes impact your pocket? Spring 'up to' sales: New Look 70%, Next 50%, M&S 50% and more. See full sales round-up. Ends Thu. 50GB/mth iD Mobile Sim '£4.92/mth'. Newbies to iD Mobile (uses Three's network) can get unlimited mins & texts, plus 50GB/mth of data for £4/mth for the first three months, then £8/mth. And you can CLAIM a £25 Amazon/Currys voucher - factored in, it's equiv to £4.92/mth over the 12mth contract. Need more / less data? Use our Cheap Mobile Finder. HMRC closing tax return helpline for six months - how to get in touch if you need support. Full info and options in HMRC helpline. Starts Wed. Amazon 'up to 40% off' sale. The retail giant's pumping out 1,000s of deals from 12.01am on Wed till 25 March - it's keeping schtum on what's on offer till then, but when it launches we'll have analysis of the Amazon deals & duds. FREE kids' football sessions with FA-qualified coaches. Book now for ages 5 to 11 at 1,500+ locations on selected dates from 6 April to 14 July. See how to register for free footie. |
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AT A GLANCE BEST BUYS
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THIS WEEK'S POLL How long have you been with your bank? While some people switch bank account every time there's free cash available, others have loyally stuck with their bank for decades. So this week we want to know how long you've had your main current account for. Vote in this week's poll. |
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MONEY MORAL DILEMMA Should I tell my friends I get tax relief from our combined charity donations? Seven friends and I give to a different charity each week, donating up to £5 each. As my employer matches any charity donations employees make, I collect the money and donate it to our chosen charity each week. However, by doing this through my pay I get tax relief, which is often more than my individual contribution. Should I explain this to my friends and donate more to charity? Or leave it be, as the charities wouldn't be getting double the donation without my (and my employer's) input? Enter the Money Moral Maze: Should I tell my friends I get tax relief from our charity donations? | Suggest a Money Moral Dilemma (MMD) | View past MMDs |
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MARTIN'S APPEARANCES (TUE 19 MAR ONWARDS) Wed 20 Mar - Good Morning Britain, co-presenting, ITV1, 6am |
SHATTERED SINKS AND BROKEN BACKDOORS - WHAT DAMAGE HAVE YOUR PETS CAUSED? That's all for this week, but before we go... a major insurer has revealed it paid out on over 6,000 home insurance claims for damage caused by pets - so we've asked our followers to tell us about the cat-astrophic damage their furry friends have caused. Dogs, it seems, will chew through most things - including rugs, remote controls and sofas. One ripped up his owner's living room carpet to chew through the underlay, ingesting an internet cable on the way. Another tore a new kitchen lino chasing shadows, while two pups teamed up to rip the door from their owner's washing machine. It's not just calamitous canines - a cat's attempt to sit on a wall-mounted TV led to its destruction (the TV's, not the cat's), and another managed to crack a window trying to catch a bird behind the glass. The messiest mishap was the dog who'd left a 'deposit' in the living room - which the owner's robot vacuum dutifully collected and smeared across the house. Let us know your pawful stories in our Facebook and Twitter conversations. We hope you save some money, |
Important. Please read how MoneySavingExpert.com worksWe think it's important you understand the strengths and limitations of this email and the site. We're a journalistic website, and aim to provide the best MoneySaving guides, tips, tools and techniques - but can't promise to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong. What you need to know This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances - and remember we focus on rates not service. We don't as a general policy investigate the solvency of companies mentioned, how likely they are to go bust, but there is a risk any company can struggle and it's rarely made public until it's too late (see the Section 75 guide for protection tips). We often link to other websites, but can't be responsible for their content. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. Please read the Full Terms & Conditions, Privacy Policy, How This Site is Financed and Editorial Code. Martin Lewis is a registered trade mark belonging to Martin S Lewis. More about MoneySavingExpert and Martin LewisWhat is MoneySavingExpert.com? Who is Martin Lewis? What do the links with an * mean?Any links with an * by them are affiliated, which means get a product via this link and a contribution may be made to MoneySavingExpert.com, which helps it stay free to use. You shouldn't notice any difference; the links don't impact the products at all and the editorial line (the things we write) isn't changed due to them. If it isn't possible to get an affiliate link for the best product, it's still included in the same way. More info: See How This Site is Financed. As we believe transparency is important, we're including the following 'un-affiliated' web-addresses for content too: Unaffiliated web-addresses for links in this email santander.co.uk, natwest.com, moneysupermarket.com, barclaycard.co.uk, rbs.co.uk Financial Conduct Authority (FCA) Note MoneySupermarket.com Financial Group Limited is authorised and regulated by the Financial Conduct Authority (FRN: 303190). MoneySavingExpert.com Ltd is a company registered in England and Wales. Company Registration Number: 8021764. Registered office: One Dean Street, London, W1D 3RB. MoneySavingExpert.com Limited is an appointed representative of MoneySupermarket.com Financial Group Limited. To change your email or stop receiving the weekly tips (unsubscribe): Go to: www.moneysavingexpert.com/tips. |
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