Finance guru Martin Lewis says you can now get free cash from switching banks
After a period of scant 'big cash' incentives, major retail banks have reignited the battle to attract new customers with a slew of enticing offers aimed at drawing people to their current accounts. Finance expert Martin Lewis has highlighted three standout deals that could provide individuals with a substantial financial uplift.
Pleased to have good news for consumers, Martin Lewis called the big switching offers a "legal bribe" for new customers. Adding: "The three I'm going to highlight first all pay you £175, so if you fancy a little bit of extra cash, why not grab it from your bank?" Martin Lewis' 'top pick' of the three is Santander's 'Edge' account, which offers a good interest rate for savings of up to £4000 on top of the free £175 cash - but the best choice will depend on your circumstances.In addition to the free money, the Edge account offers a high interest rate on savings and you can also get 1 per cent of the amount you spend on bills, groceries and fuel, returned as £20 cashback each month.
As well as free money and seven percent interest on savings, the bank is also offering free overdraft services up to £250, which could make it significantly easier for those in their overdraft to pay their way out of it without excessive fees.
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