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DON'T believe the fake 'Martin Lewis' or 'MSE' ads |
It's official - energy prices will fall by 17% on 1 July New. Energy Price Cap calc: How much will YOUR bill be? Plus... Should you fix?, new unit rates, bigger savings for prepay, and more... At last, a little relief. From 1 July, energy bills drop by an average 17%, meaning for every £100 you pay today, you'll typically be paying £83/mth from July. This is because Ofgem is dropping the Price Cap below the Government's Energy Price Guarantee (EPG) for the first time since it was introduced last October. Here's what you need to know:
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£37 Ted Baker prescription specs or sunglasses (normally £135). MSE Blagged. Via SpeckyFourEyes code. Netflix crackdown - you'll be charged £60/yr to share your password. The streaming giant's been threatening to do it for a while... we've all the new rules in Netflix password-sharing crackdown. FREE £25 when you spend £5+ online. (Only 1,200 left.) MSE Blagged. This deal is a no-brainer. Newbies to cashback site Quidco get an extra £25 cashback when they sign up via our special link and buy something through it costing £5 or more. Full details in Top cashback sites. Prepay for energy? Redeem your £66 or £67 energy bill vouchers ASAP. Around 1.9 million vouchers remained unclaimed - you can redeem 'em until Friday 30 June. The vouchers only last three months from the issue date, but they can be reissued if expired - see Prepay voucher help. FREE Open Farm Sunday events, including tractor rides and welly-wanging at 250+ farms. One day a year in June, farms open their gates and put on activities - it's a baaaa-gain (excludes NI). See Open Farm Sunday. New. 100GB Sim for '£7.84/mth' - cheapest we've ever seen. With unlimited mins & texts, this iD Mobile Sim (via Three's network) is £12/mth, but you can CLAIM (don't forget) a £50 Amazon or Currys voucher within 3mths. Factor that in over the 12mth contract and it's equivalent to £7.84/mth. Want a different network or less data? Cheap Mobile Finder. £22m+ paid for pothole damage in the last year - are you due? If your motor was mangled, see Pothole claims. Reminder. Top travel credit card plus £20 cashback. The Halifax Clarity* is one of our long-term top-pick travel cards with no-fee overseas spending & low ATM interest, plus there's £20 cashback on your first purchase within 90 days. You could just grab it, spend on it once and bag the cashback. Always pay IN FULL every month or it's 22.9% rep APR. Will you get it? Use our Eligibility Calculator first to see your acceptance odds. More options in Top travel cards. The Energy Price Cap Decoded (& new 4.25% savings). All in the new The Martin Lewis Podcast - listen through BBC Sounds | Apple | Spotify and more. |
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Rates are rising again, some are predicting there's worse to come... is NOW the time to fix? Inflation's finally coming down, dropping from 10.1% to 8.7% in the last month. But the figures had a sting in the tail... buried within the headline rate was the fact that core inflation, which strips out energy and food prices, is still rising. And the mortgage market is now jittering at the prospect of further interest-rate hikes - as they're the key tool for the Bank of England to control rising prices. Fixed mortgage deals tend to move in line with forecasts of future interest rates and, until recently, had been falling. Just last month, the cheapest two and five-year fixes were 4.08% and 3.79% respectively. But as the chart shows, the cheapest are now 4.39% and 4.05%, with some brokers predicting that the best such deals could get to 5% and 4.5% by mid-June. With more than 1.4 million mortgage deals set to end this year, you need a plan - here's what you need to know:
PS: A note for mortgage prisoners. We know that rate rises have been catastrophic for those unable to switch lender - last month we again highlighted the plight of mortgage prisoners stuck paying up to 8.5% with no prospect of a cheaper deal. We're campaigning hard for change, recently handing potential solutions to the Government, which it has promised to review. In the meantime, there's our Mortgage prisoners help guide, though sadly it's slim pickings. |
Free 90-day Tastecard - gets 2for1 or 50% off at 3,000+ restaurants. Plus £3/mth membership if you want to continue (normally £5/mth). Free Tastecard Last chance. Live in a park home, houseboat, or pay landlord for energy? Apply NOW for £100s in help. If you haven't already had energy support payments, you've got until tomorrow (Wed 31 May) to apply for the £400 cost of living support payment (in Eng, Scot & Wales) or the £600 N Ireland energy bills support payment. New. Get £100 cashback when you invest £500. If you plan to 'robo-invest' - where investments are selected for you based on your attitude to risk - then after fees, this deal from '&me' (powered by M&G Wealth) is equivalent to a 19% head start if you invest for a year. This isn't an '&me' or M&G Wealth recommendation - we don't do investment tips - just if you're going to use it anyway, you can get cashback. See Robo-investing cashback - including info on the deal and how robo-investing works. Morrisons shakes up loyalty scheme - is it any better? Points are back, but there are fewer ways to earn 'em. Full details in More Morrisons. 'Thanks MSE - I'll gain £2,330 after switching my cash ISA.' In last week's email, we shared the stories of 10 MoneySavers who followed our tips to save big, and more successes have flooded in since. Sandra switched her cash ISA and emailed us her win: "Another thank you from a very happy reader, as I switched my cash ISA from 1.75% to 4.35% with the same provider. I will benefit by £2,330 over two years, even after paying the penalty. Not bad for one phone call - thank you." If we've helped you save money (on this, or owt else), please send us your MoneySaving successes. Wear a uniform for work? Don't use claim firms taking a 50% cut on tax refunds. Around 70% of tax claims for work expenses are made via claims firms, who take a huge cut - but it's easy to do yourself. See Tax reclaims. |
AT A GLANCE BEST BUYS
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THIS WEEK'S POLL How much credit card debt do you have? The cost of living crisis has resulted in many taking on extra credit card debt - in some cases just to cover basic necessities. So this week, we want to know how much credit card debt you have in total and whether this has increased over the past 12 months. Vote in this week's poll. More than three-quarters of you have been with the same broadband provider for two years or more. In last week's poll, we asked how long you've been with your current broadband provider. Around 4,800 people responded, with more than three-quarters (78%) saying they'd not switched in over two years. The most common reason for sticking was the ability to haggle a good price (27%). See the full broadband provider loyalty results. |
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MONEY MORAL DILEMMA Should I ask my friend to help pay to clear the drain I think she blocked? I recently had a friend stay in my spare room for three weeks while she was between homes, and as it was for such a short time, I just asked for £100 to cover the extra bills. When she'd gone, I discovered the drain in the bathroom she was using is blocked (there are two bathrooms in my home, so I don't use this one). I now need to pay someone to unblock the drain as I'm not good at DIY. I obviously can't prove she blocked the drain, but should I ask her to pay towards the cost? Enter the Money Moral Maze: Should I ask my friend to help pay to clear my drain? | Suggest a Money Moral Dilemma |
MARTIN'S APPEARANCES (WED 31 MAY ONWARDS) Tue 6 Jun - This Morning, phone-in, ITV, 10.20am MSE TEAM APPEARANCES (SUBJECTS TBC) Thu 1 Jun - BBC Radio Leicester, Mid-morning with Summaya Mughal, from 11.35am |
FREE APPS, SAVER TICKETS & SCENIC ROUTES... WHAT ARE YOUR MONEYSAVING BUS TRAVEL TIPS? That's all for this week, but before we go... MSE Forumites have been sharing their MoneySaving bus travel tips. One said to use the Citymapper app's newly-free 'Bus+' feature that gives bus-only routes (saving on train costs). In south east England, Discovery tickets can bag significant savings on bus journeys across two or more operators. Or how about the blog that helps you 'upgrade' your journey by suggesting more scenic routes to your destination. And taking MoneySaving to the max is MSE Laura F's friend, who waits for newer-model buses in London so they can charge their phone at the in-seat USB ports! See more and add your own bus tips and tricks to the MSE Forum discussion. We hope you save some money, |
Important. Please read how MoneySavingExpert.com worksWe think it's important you understand the strengths and limitations of this email and the site. We're a journalistic website, and aim to provide the best MoneySaving guides, tips, tools and techniques - but can't promise to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong. What you need to know This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances - and remember we focus on rates not service. We don't as a general policy investigate the solvency of companies mentioned, how likely they are to go bust, but there is a risk any company can struggle and it's rarely made public until it's too late (see the Section 75 guide for protection tips). We often link to other websites, but can't be responsible for their content. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. Please read the Full Terms & Conditions, Privacy Policy, How This Site is Financed and Editorial Code. Martin Lewis is a registered trade mark belonging to Martin S Lewis. More about MoneySavingExpert and Martin LewisWhat is MoneySavingExpert.com? Who is Martin Lewis? What do the links with an * mean?Any links with an * by them are affiliated, which means get a product via this link and a contribution may be made to MoneySavingExpert.com, which helps it stay free to use. You shouldn't notice any difference; the links don't impact the products at all and the editorial line (the things we write) isn't changed due to them. If it isn't possible to get an affiliate link for the best product, it's still included in the same way. More info: See How This Site is Financed. As we believe transparency is important, we're including the following 'un-affiliated' web-addresses for content too: Unaffiliated web-addresses for links in this email uk.virginmoney.com, natwest.com, rbs.com, sainsburysbank.co.uk, halifax.co.uk, bank.marksandspencer.com Financial Conduct Authority (FCA) Note MoneySupermarket.com Financial Group Limited is authorised and regulated by the Financial Conduct Authority (FRN: 303190). MoneySavingExpert.com Ltd is a company registered in England and Wales. Company Registration Number: 8021764. Registered office: One Dean Street, London, W1D 3RB. MoneySavingExpert.com Limited is an appointed representative of MoneySupermarket.com Financial Group Limited. To change your email or stop receiving the weekly tips (unsubscribe): Go to: www.moneysavingexpert.com/tips. |