Two words: free money.
Martin’s back with some savvy banking advice Martin Lewis regularly tells Brits to be savvy when it comes to their bank accounts. Rather than keeping all your money in the same pot you’ve had since you were in your teens, opening new accounts with better interest rates can mean you end up with more money in the long run – by doing very little. And, what’s more, many banks offer you cold hard cash to switch. As Money Saving Expert’s latest newsletter reads, banks are ‘willing to bribe you.
The newsletter reads: ‘One extra search on your credit file shouldn’t make much difference Nationwide bank accounts to switch to for £200 FlexDirect FlexPlus FlexAccount ‘Some lenders do score you down for switching bank accounts as they like evidence of longevity, but this shouldn’t be an issue for most.’ Your credit score is far more likely to be affected by factors such as late or missed payments, the amount of debt you owe, or the length of your credit history.
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