Published On: Fri, Mar 29th, 2019

Martin Lewis Money Saving Expert: How to make savings with free cash bank switch

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Interest rates may see you make your money go further, but that’s not to say they’re the only way to maximise your funds in a bank. In fact, simply switching from one bank to another could see you rake in a huge amount of money. Martin Lewis, the Money Saving Expert, has advised ITV viewers about how they can scoop £150 for making this move a number of times in the past. But today, the 46-year-old pointed out one option which is currently available.

As well as getting £150, this account will see savers get five per cent interest on their money – meaning they could amass up to £250 per month for a year.

It’s this part of the offer which saw Martin dub it as the “biggest free cash bank switch deal”.

However, those interested in setting up this type of account may want to act fast.

That’s because it will come to an end on Monday night.

“The biggest free cash bank switch deal is being pulled at 11.59pm on Monday,” Martin told This Morning viewers today.

“Switch to the HSBC Advance account right now and you get £150, plus access to a five per cent fixed regular saver, where you can save up to £250 per month for a year.”

“Ironically, the price you will be charged from Monday will be higher than it was before it was introduced [on January 1],” Martin explained.

“My golden rule is go and do a comparison,” he continued, pointing fans in the direction of a price comparison websites such as Martin’s Cheap Energy Club or any Ofgem-approved site.

But, in a bid to encourage Britons to make the move sooner rather than later, Martin pointed out that Bulb, Shell Energy, and British Gas, could be a good option.

Read more about the best bank accounts to switch to in the Money Saving Expert guide here.

To find out more and sign up to Martin Lewis’ weekly newsletter, visit

This Morning airs weekdays on ITV from 10.30am.

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