Households are struggling against the cost of living crisis
MoneySavingExpert has shared an “easy trick” to get £400 for free. The website, founded by finance expert Martin Lewis, explained the first step is to claim £175 by switching to a Santander 123 Lite current account.
The first tier is council tax, mobile and home phone bills, broadband and paid-for TV packages and Santander mortgage payments. The second tier is 2 percent back on gas and electricity bills, and Santander life and home insurance, then the third tier is 3 percent cashback on water bills.MSE states: “To get it, you need to have/switch two direct debits, log in to online/mobile banking, have a one-off £1,000 going in, then fund £500/mth .
“For a family who'd spend £1,000 a month on the card, that's £120 cashback over the year,” said MSE. "So use Santander for your bill payments, and then fund this for normal spending.”
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