Martin Lewis has revealed how you can earn a free £150 from your bank in the run up to Christmas.
With the festive season fast approaching, most of us are probably looking for any way to save a little bit of cash for gifts and food.
Thankfully, money saving guru Martin Lewis has come to rescue just in time for the madness to kick in, reports Birmingham Live .
He issued out this banking advice to viewers of ITV’s This Morning on Friday, September 13.
The MoneySavingExpert.com founder said: “The bank account market is getting more competitive as five banks now pay you to switch. The choice is a mix of upfront cash, rewards, and great apps.”
He added: "The news this week is that NatWest has re-entered the free cash bonus switch war, and has launched the largest upfront cash bonus currently available.
"It’s paying switchers to most of its accounts £150 when opening an account and requesting a switch by 11.59pm on Friday, December 6."
As well as the free sign-up bonus, Martin also explained how customers can benefit from the new reward scheme now in place.
He said: "The stand out pick of NatWest/RBS’s accounts is the Reward Account, which for £2 per month fee you get two per cent cashback on household bills you pay from it via direct debit - energy, mobile, council tax, water etc."
"On average bills, it's worth £80 per year after the fee - though some with higher bills can earn over £100 per year. So all-in with the free cash you could bag over £250.
"Alternatively, if you don’t want to pay a fee and get cashback, but just want the free money then the bog standard NatWest Select account does that."
