Martin Lewis shares simple trick to get a free £175 in your bank account soon

Martin Lewis has told Brits how they can make £175 for free by opening up a particular bank account, though you will need to have some money in the first place.

The money saving expert has been counting down to Christmas (it's 99 days away, if you were wondering) and has been coming up with a bunch of tips to get extra money in your pocket in time for the festive season.

It might sound somewhat blasphemous to talk about Christmas this early considering we haven't even had Halloween or Bonfire Night and in a better world all mention of the holiday season would be illegal until December.

However, while the time to be jolly may be months away there are plenty who've already been preparing for the end of the year festivities, and the early warning signs have already begun.

Some have done their shopping already but for many households the early preparations are about sorting out how much money there will be to spend this Christmas, not about actually going out and spending it yet.

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This is where Lewis has come in with a range of tips and advice to make money go further at the most expensive time of the year.

One of his big tips will let you go into Christmas with an extra £175 in your pocket as long as you act quickly enough.

In this week's newsletter he explained that if you open a seven percent linked saver bank account with First Direct they will deposit £175 in that account for free.

Lewis went on to explain that for this to work you will need £1,000 to deposit into the account but that you can withdraw it back out right away.

It takes seven working days to switch accounts and within 28 days of that happening the money saving expert says you can expect to see your money, so if you do it now you can get the cash long before December begins and the Christmas shopping period begins in earnest.

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Lewis described the bank account as 'one of the best' before going on to detail his other tips for saving money as we go into the final months of the year.

He's recommended that you budget now to be sure how much you can afford to spend on festivities instead of starting with a list of things you'd like to do or buy.

The money saving expert suggested that households which worked out what they could afford and then decided what to do could avoid slipping into 'a dangerous mindset that may lead to debt or disappointment'.

Topics: Christmas, Martin Lewis, Money, UK News, Cost of Living

Joe Harker

Joe graduated from the University of Salford with a degree in Journalism and worked for Reach before joining the LADbible Group. When not writing he enjoys the nerdier things in life like painting wargaming miniatures and chatting with other nerds on the internet. He's also spent a few years coaching fencing. Contact him via [email protected]

@MrJoeHarker