Last chance free £100 plus 2% cashback on bills, first 2% 1 year fix savings for a year, Odeon tickets, Npower price hike and summer sales round-up. 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.
Ends Tue. NatWest free £100 and 2% cashback on household bills
If you're fed up with your bank, there’s no need to blindly stick it. There are currently a raft of banks willing to pay you cold, hard cash for your business – so why not switch to them? It only takes seven working days, the new bank closes your old account and moves all direct debits, standing orders and payments for you. For the vast majority (76% in my last Twitter poll) it’s a simple process. For a full list of top bank switch bonuses see Martin’s full best bank account guide.
Until Tuesday (19 June), switch to most NatWest accounts and you get a £100 sign up bonus. The stand out though is its Reward account which costs £2/mth but you get 2% cashback on your household bills that you pay via direct debit from it, including council tax, water, gas and electricity, digital TV and broadband – for someone on typical bills that’s a gain of £70ish a year, far more with bigger bills. So this is great to switch any bills accounts to.
To get it you must pay in £1,500+/mth (so just pay salaries of that in) and log in to online or mobile banking by 13 July. NatWest's sister bank RBS also has the same deal on its RBS Reward and Select accounts, and there you’ve a few more weeks to apply. Pick whichever branch suits.
Hurrah – new top one year fixed savings paying over 2%
Savings rates have been dire for years – but slowly they have been creeping up. And now finally, there’s a new top rate for fixed savings, so if you’re if you’re prepared to lock cash away, now’s a good time, as I haven’t seen a rate this high for over a year. Yet demand for it is huge and I suspect it’ll be pulled at any time.
App-only Atom Bank is paying 2.05% fixed for a year or pays 2.15% fixed for two-years. Which smashes the competition and the best 1.3% easy-access rate from Bank of Cyprus. Atom Bank is fully regulated which means in the unlikely event it went bust you get the full UK £85,000 per person, per institution savings safety guarantee.
£25 for five Odeon tickets: Go online to daily deals site Groupon and you can currently get five Odeon cinema tickets for £25. You don't have to use all the vouchers in one go and they can be used by different people – so ideal for families or a group of mates. The tickets are valid for 2D screenings only until 11 July, but you can only buy the tickets until 4 July or when 100,000 tickets have gone, whichever's sooner. A few cinemas and films are excluded, so check before you use it. It’s worth noting though, that a full-price adult ticket for a 2D film at Odeon can cost anything between £3-£17ish depending on location, so it's only worth getting these discounted tickets if you usually pay more than £5 per ticket.
Up to 50% off in summer sales: Summer’s starting which means stores are trying to flog stock, so here’s a quick roundup of the sales… Dorothy Perkins(online and in-store, currently no end date), Miss Selfridge (online and in-store, till stocks last), Debenhams (online and in-store until 11.59pm on Tue 26 June), Asos (online until Sunday 15 July), Ted Baker (online and in-store, till stocks last), shoe store Office (online or in-store, while stocks last) and jewellery designer Pandora (online and in-store, till stocks last) all currently have up to 50% off selected items in its sale. Plus, until 1 July, Ikea has up to 40% off selected items in-store only, and if you have an Ikea Family card, you can get an addition 10% off on top. You just need to show an Ikea Family card at the till.
Warning, Npower energy prices increasing by 5.5%: On Sunday (17 June) Npower is hiking its prices by average 5.5% on its standard variable tariff, which’ll effect around 1million people. It joins British Gas, E.on, EDF, Ovo and Scottish Power, which have all hiked recently. Its standard tariff will be the market’s most expensive for someone on typical use you pay £1,230, yet the market’s cheapest deal on average is just £810/year. So anyone on it should urgently do a comparison and find the cheapest where you live. Either using Martin’s ‘Cheap Energy Club’ or any Ofgem approved comparison site, to see if you can lock into a cheap fix, like Owain who tweeted me “@MartinSLewis Just switched my parents energy after finding out they're on EDF standard for years, save £950 a year. Thanks for your help.”