Make simple changes before Christmas to land some great benefits
Martin Lewis, the Money Saving Expert, has issued a two-month warning to everyone with a bank account in the UK. He has advised that simple changes can be made before Christmas to secure some great benefits. Lewis recommends that instead of planning out all your desired purchases and festivities first, calculate your budget and ask yourself what you can afford to spend. He warns against ending up broke and ruining the next year for the sake of one day.
Get £200 and more with Nationwide FlexDirect
Nationwide FlexDirect is currently offering a free £200, along with an 8% regular saver and a year's 0% overdraft. By switching to this scheme, newcomers can also gain access to a savings account that pays 8% interest on up to £200 per month, as well as a year's 0% overdraft on up to £1,500 (subject to credit checks). Additionally, if you pay in £1,000 or more each month, the current account pays 5% interest on up to £1,500 for a year. Similar deals are available with other banks as well.
First Direct 1st Account and Lloyds' Club Lloyds account offer attractive benefits
First Direct 1st Account is offering a free £175, a 7% regular saver, fee-free overseas spending, and a £250 0% overdraft. Meanwhile, Lloyds' Club Lloyds account provides a free £175, along with the choice of a reward such as 12 months of Disney+ or six cinema tickets. It also offers a Coffee Club & Gourmet Society membership or a magazine subscription.
Your money is secure with the Financial Service Compensation Scheme
Martin Lewis assures bank account holders that their money is secure, as the Financial Service Compensation Scheme guarantees up to £85,000 per person.
Save on Netflix price hike
In addition to his advice on bank accounts, Martin Lewis has also provided tips on saving money amid the recent Netflix price hike. The streaming giant has increased its prices, with basic plans now costing £7.99 per month and premium plans at £17.99 per month. However, Lewis reveals that there are ways to cut costs.