MoneySavingExpert has shared an “easy trick” to make around £400 for free. The website, founded by finance guru Martin Lewis, explained the first step is to claim £175 by switching to the Santander 123 Lite current account.
The account costs £2 a month, but the fee is cancelled out because you can earn up to £15 a month cashback. There are three different ways to get cashback, each of which is capped at £5 a month.
The first tier is council tax, mobile and home phone bills, broadband and paid-for TV packages and Santander mortgage payments, the Mirror reports. The second tier is 2% back on gas and electricity bills, and Santander life and home insurance, then the third tier is 3% cashback on water bills.