June 13, 2024

Martin Lewis reveals first and second rule of MoneySaving Club – and it’s easier than you think

Money Saving Expert has revealed two crucial Money Saving Club rules as he clued his fans in on a potential new deal that could see them bag £175 with one simple trick

Martin Lewis has revealed the first and second rule of Money Saving Club as he shared the news of a new banking deal(Kirsty O’Connor/PA Wire)

Financial guru Martin Lewis has spilled the beans on the ultimate MoneySaving secret as he clued his social media followers in on a brand new deal for switching banks. The Money Saving Expert took to Twitter to share the scoop on Santander’s enticing new bank switch offer, which he described as having “serious perks”.

In a tweet that caught everyone’s attention, Martin penned: “Santander’s launched a new bank switch deal, with some serious perks… FREE £175 + 7% savings + 1% cashback on bills + cheap spending abroad + possible 2% cashback on all spending,” and included a link for those eager to read up on the full details.

While the offer is no doubt tempting to anyone looking to switch, it was his follow-up advice that really resonated with fans.Doubling down on his money-saving wisdom, Martin quoted his own words, adding: “Interesting that some responding but their ‘name another product’ is crap, so..”

READ MORE: Martin Lewis urges EDF, British Gas and Octopus customers to act now to claim back £180

As well as sharing the deal, Martin reminded his followers of one thing to consider before making a switch(No credit)

He then laid out the golden rule: “Remember the 1st rule of MoneySaving Club is forget loyalty – judge each product on its own merits. If you try and stick with one bank for everything, you’ll definitely not have the best deals.”

Backing up Martin’s point, a user named IamNotLuke chimed in: “This is very true, I really like my bank as a bank but I don’t use any of their other services because they aren’t the best. Rather go best in class for each product.”

Curiosity piqued, follower Pablo_MFC queried: “Can you see anymore banks in the near future launching a switching offer?”

To which Martin responded with a hopeful note: “Yes hope so though it’s been a bit sparse recently”.

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