Warning, beware scams using my name, better than no-fee 0% debt shift, free open days to over 5,500 properties, top fixed savings and Scottish Will Relief month. These are our Money Saving Expert Martin Lewis’ Deals of the Week.
Remember, deals can change quickly, even while I’m on the programme. So always double-check the terms and conditions before spending. Plus, while I hope these deals will save you cash, don’t spend if you can’t afford it, don’t need it, or won’t use it.
Warning. Beware Martin Lewis scam adverts
Sadly there is a scam at the moment using my name or face to try and sell you products. It is rife on Facebook, whose advertising controls are no where near robust enough to deal with them.
The worst is a get rich quick Cloud Trader binary trading scheme advert (which can go by other names), it says I’ve invested half a million pounds into it and that I say it’s a great way to earn money – and uses a big picture of me, sometimes taken from this programme. It is a complete unmitigated lie; binary trading is a great way to lose money. I have nothing to do with it, and am fighting them to try and stop this at the moment – I’ve already had reports of people who’ve lost substantial money.
Yet it’s not just scams, some firms are using my picture without permission to try and get you to use them for boiler incentives or PPI claims. I never advertise on Facebook. If you see my pic there in an ad or a sponsored post don’t trust it – the same too if anyone knocks at your door trying to get you to switch energy saying I sent them – again a lie. I don’t employ anyone to do anything like that. Be careful and spread the word.
Last chance to shift debts to 33 months 0% for less than NO fee Anyone who listens to me, knows I talk a lot about balance transfer cards as debt is something you can’t cancel, so focusing on cutting the cost is important. A balance transfer is where you get a new card that pays off the debts on old cards for you – so you owe it instead but at a lower rate, usually at 0%. This means all your repayments clear the actual debt rather than covering the interest – so you’re debt free quicker.
Normally there’s a fee to do this – the longer the 0% the higher the fee, though there are a couple of cards that charge NO fee – the longest is from Halifax giving up to 29 months 0%. Yet until tomorrow (Friday 8 September) if you apply to Lloyds you’ll get up to 33 months 0%. It does charge a 0.58% fee (so £5.80 per £1,000 transferred) but it’ll credit £20 into your account if you transfer £100+ in the first 90 days – so if you've under £3,440 to shift the cashback effectively cancels out the fee – making it better than the longest fee-free card available – plus you might get paid a bit too. Yet this is an ‘up to’ card, which means some get a shorter length.
Always follow my balance transfer golden rules…
The same brands have many similar cards, check you’re applying for the right one.
Repay at least the monthly minimum or the bank can end the 0% deal.
Clear the card in full by the end of the deal or the rate rockets to 18.9% rep APR.
Never withdraw cash or spend on the card as it’s not at the 0% rate.
FREE peek in 5,500+ hidden property gems. From today till Sunday (10 September), many usually-closed or usually-charging English buildings are open for free as part of Heritage Open Days. Examples of places to visit that usually charge, include Bletchley Park in Milton Keynes, which normally costs £17, Crofton Beam Engines in Salisbury, which normally costs £4.50 and Prior Park Landscape Garden in Bath, which normally costs £7. Example of places you can visit, which are rarely open, include Strawberry Recording Studios in Cheshire, The Electric Railway Museum in Coventry, and Norman Cross Prison Depot in Cambridgeshire. You may need to book in advance for some and there may be queues for popular places, but check on the website before you go for details. If you don’t live in England, there’re Doors Open Days in Scotland, Open Doors Days in Wales (both throughout September) and European Heritage Days in Northern Ireland (Saturday 9 and Sunday 10 September).
Urgent. Earn 1.95% on your savings fixed for one year. Savings rates have been dire the past few years, with many accounts earning as little as 0.01%, yet it’s possible to smash that. Currently one-year fixes - where the rate is set for a year, but you can't access your money - offer better interest rates than easy-access accounts. App-only Atom Bank is paying 1.95% AER on its one-year fix, though it’s said it may drop the rate tomorrow, so if you want it, go quick. Next-best is newbie Wyelands Bank at 1.83% AER for a year. If you prefer big brands, Tesco Bank offers 1.5% AER. So check your own savings now, and switch to earn more. All these banks are fully UK regulated which means in the unlikely event something goes wrong you get the full UK £85,000 per person, per institution savings safety guarantee.
Will Relief in Scotland: September is Will Relief Scotland where around 50 solicitors participate in a scheme to get a solicitor drafted will written for you in return for a donation to their partner charities, which are Mission Aviation Fellowship in Sudan (in Glasgow), EMMS International (in Edinburgh), Blythswood Care (in Evanton, Ross-shire) and Signpost International (in Dundee). Suggested donations are £80 for a single, £120 for a joint and £40 to update your will – which is often cheaper than you’d pay straight. You can book an appointment with your nearest solicitor online or phone 01349 830777.