Martin Lewis explains tips on how to safe as much as £400 monetary increase earlier than Christmas

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Your assist makes all of the distinction. Learn extra Martin Lewis has shared how Brits can safe a much-needed monetary increase of as much as £400 in time for Christmas.

There at the moment are seven banks providing a money incentive for account switchers, with many additionally providing different perks equivalent to cashback and excessive rates of interest.

This time of 12 months is the “candy spot” for financial institution switching, Mr Lewis stated, with the newest paying out round early December if savers act now.

Talking on BBC’s The Martin Lewis Podcast, the cash guru stated: “As there are seven banks, and so they’re all profitable to bribe you (legally) with free money, I’m calling it the magnificent seven.”

<img src="https://static.independent.co.uk/2025/09/16/10/22/Screenshot-2025-09-16-at-11-35-07.png" srcset="https://static.independent.co.uk/2025/09/16/10/22/Screenshot-2025-09-16-at-11-35-07.png?quality=75&width=320&crop=3%3A2%2Csmart&trim=0%2C70%2C0%2C70&auto=webp 320w, https://static.independent.co.uk/2025/09/16/10/22/Screenshot-2025-09-16-at-11-35-07.png?quality=75&width=640&crop=3%3A2%2Csmart&trim=0%2C70%2C0%2C70&auto=webp 640w" loading="lazy" alt="Martin Lewis has shared how Brits can secure a much-needed financial boost" class="sc-1mc30lb-0 ggpMaE"/> Martin Lewis has shared how Brits can safe a much-needed monetary increase (ITV) The very best supply at the moment in the marketplace is offered to excessive earners solely, as Barclays presents £400 to modify to its Premier Present Account, which requires a wage of £75,000.

Nonetheless, there are a number of others which most different savers can benefit from at the moment in the marketplace. Right here’s an outline of the switching offers at the moment out there:

TSB Spend & Save – as much as £210

That is the most effective deal “for most individuals”, Mr Lewis stated, providing an upfront money supply of £150. Nonetheless, this may be boosted as much as £210 if making the most of cashback presents unique to new switchers.

This may be price a most of £10 a month for 3 months, after which £5 a month for six months, including as much as £60 if utilized in full. This may be certified for every month by making 20 or extra debit card funds.

The account additionally gives entry to an everyday saver, which presents 5 per cent curiosity on as much as £250 a month, fastened for 12 months. This equals a most of £71 curiosity.

Get a free fractional share price as much as £100.Capital in danger.

Phrases and circumstances apply.

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Get a free fractional share price as much as £100.Capital in danger.

Phrases and circumstances apply.

Go to web site ADVERTISEMENT

Membership Lloyds – £200

Lloyds is providing £200 to modify to its Membership account. The deal additionally gives entry to a aggressive 6.25 per cent curiosity common saver and permits for fee-free abroad spending.

This account additionally gives a yearly reward, permitting holders to select from 12 months' Disney+ (with advertisements), six cinema tickets, a Espresso Membership and Gourmand Society membership, or a subscription to {a magazine}. This prices £5 a month until at the very least £2,000 a month is paid in.

Barclays Financial institution Account – £200

Barclays is providing £200 a month to new switchers who be part of its Blue Rewards Scheme. This prices £5 a month and requires a minimal of £800 a month to be paid in.

For this charge, account holders achieve a free Apple TV+ subscription (usually £9.99 a month) and a free Main League Soccer Season Go subscription (usually £14.99 a month).

Nonetheless, savers can decide out of the scheme as soon as they obtain their money if they don't need to pay the month-to-month charge.

First Direct 1st Account – £175

Digital financial institution First Direct is providing £175 to new switchers, entry to a powerful 7 per cent curiosity financial savings account, fee-free abroad spending, and a £250 overdraft at zero per cent. The financial institution can be commonly credited for its sturdy customer support.

Nationwide FlexDirect – £175

Constructing society Nationwide is providing switchers a free £175, plus 5 per cent curiosity on as much as £1,500, 1 per cent cashback for the primary 12 months, and a 6.5 per cent common saver.

NatWest Reward – as much as £211

NatWest is providing a £175 switching bonus, plus £36 a 12 months cashback for a complete package deal of £211. This additionally comes with a 5.5 per cent curiosity common saver.