Money Saving Expert has revealed two crucial Money Saving Club rules as he clued his fans in on a potential new deal that could see them bag £175 with one simple trick
Financial guru Martin Lewis has spilled the beans on the ultimate MoneySaving secret as he clued his social media followers in on a brand new deal for switching banks. The Money Saving Expert took to Twitter to share the scoop on Santander’s enticing new bank switch offer, which he described as having “serious perks”.
In a tweet that caught everyone’s attention, Martin penned: “Santander’s launched a new bank switch deal, with some serious perks… FREE £175 + 7% savings + 1% cashback on bills + cheap spending abroad + possible 2% cashback on all spending,” and included a link for those eager to read up on the full details.
While the offer is no doubt tempting to anyone looking to switch, it was his follow-up advice that really resonated with fans.Doubling down on his money-saving wisdom, Martin quoted his own words, adding: “Interesting that some responding but their ‘name another product’ is crap, so..”
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He then laid out the golden rule: “Remember the 1st rule of MoneySaving Club is forget loyalty – judge each product on its own merits. If you try and stick with one bank for everything, you’ll definitely not have the best deals.”
Backing up Martin’s point, a user named IamNotLuke chimed in: “This is very true, I really like my bank as a bank but I don’t use any of their other services because they aren’t the best. Rather go best in class for each product.”
Curiosity piqued, follower Pablo_MFC queried: “Can you see anymore banks in the near future launching a switching offer?”
To which Martin responded with a hopeful note: “Yes hope so though it’s been a bit sparse recently”.
Martin also reminded his followers of the second rule of MoneySaving Club, saying: “The 2nd rule of MoneySaving Club is don’t talk about MoneySaving Club, which to be fair I’ve broken on more than one occasion.”
While the advice went down a treat with his followers, it isn’t the only bit of financial wisdom Martin has shared in recent days, as he also urged Brits to check their pension plans as many could end up leaving their retirement savings to their ex if they die.
The finance whizz also urged any workers paid under £60k a year to take a simple 10 minute check to see if they were missing any financial help available to them via Universal Credit. Martin Lewis ‘ experts flagged up the advice in their latest newsletter, stating: “Who’s likely missing out? Households with lower incomes, up to roughly £35,000 a year, though if you’ve kids, high childcare costs and rent, it could be £60,000.”
