David Cameron's commits to payback of bank charges
In the past he just said charges were unfair, now David Cameron's saying people must be compensated "quickly and fairly" and he'll consider automatic payback of all charges.
A fortnight ago Lib Dem leader Nick Clegg spotted it, as he gets this email, and pledged a parliamentary motion on it (see Lib Dem pledge). This is David Cameron's reply (we haven't edited out the electioneering)...
Two years ago when I was first suggesting this, the idea was scoffed at as the cost could hit £10 billion.
The Lib Dems' firm backing of automatic payouts, and now Tory commitment to quick payouts is great news for reclaimers. Now only the PM is still to reveal his stance.
MSE News Story: Cameron commits to bank charges payback Discuss this: David Cameron letter Want to reclaim? See the full guide with template letters Bank Charges Reclaiming
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New negative student loan interest rates. What it means, new calc & how to gain
500,000 twenty and thirty-something's outstanding student loans will start SHRINKING next Tue, as the interest rate goes negative. For 2.9 million more, the rate becomes interest free. What negative interest means: Even if you repay nothing, you'll owe less in a year than you do now. How it works: This brand new guide explains why this's happened, how to check your own loan, and answers all the key questions inc. the crucial 'Should I pay off my student loan?'. New How long till it's paid off Calc: Our new tool quickly calculates how much longer you'll be repaying for. See the New Guide & Tool: Student Loans Related: Should I Pay Off My Mortgage?, Should I Repay Debts With Savings?
New restaurant vouchers! £5 off £15 Dominos, £5.95 GBK burger & fries, 2for1s at Prezzo & 50% off il Bertorelli. Register, click 'n' print vouchers join Pizza Hut Delivery, Strada & ha ha 2for1s plus M&S dine in for £10 in the Daily Deals List: Restaurant Vouchers
New 100% Safe Top Savings. Get 3.75% FIXED for a year in perfect safety
Savers can now get a fixed, table-topping rate with 100% safety on balances between £1 and £2 million (not just the usual £50,000 per person per UK institution). Govt backed: It's because the 1 Year Bond at 3.75% AER, the highest available from £1, is from nationalised bank Northern Rock, meaning it's currently completely safe, though, as the rate's fixed, you can't access it for a year. Top Fix for £5k+: The West Brom BS pays 3.9% AER for a year, though it only has normal protection. Top Easy Access: The top easy access account, Egg*, pays 3.25% AER inc. 2% bonus again with normal protection. FULL info, pros & cons in the Updated Guide: Top Savings Related: Savings Safety, Regular Savings
URGENT! £5(ish) Europe flights (Sept-Dec) Ends midnight Thurs 27 Aug. A million Ryanair flights at £5 each way (inc some charges) from various UK airports to over 80 European destinations. Speedily find them using the Updated Guide: £5 Flights then beat the scores of add-charges with the Budget Airline Fee-Fighting guide. Related: Cheap Flights, Cheap Hotels
New. MoneySaving DVD now online for free. Watch Martin's unique one-man MoneySaving LIVE! theatre show
New! £5 off £30 at Lidl voucher (per 20p paper) & 20% off Oasis, Kickers and Dune codes. Join 15% off Barratts code & 10% off The Book Depository in the Daily Deals List: Shopping Vouchers
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Beauty Bonanza! 15% off Benefit make-up code, free mini-massage / facial / manicure, £5 off Boots No.7 & more. These join free mascara, eyeliners & more in the full Deals List: Beauty Deals
The Hidden Energy Price War. Two new gas & elec tariffs push prices lower.
A fierce price war's raging. While standard rates remain unchanged, the real battle's to be top of the comparison site cheapest online tariff results. Check NOW or you can't benefit. New tariffs: Two more cheap web tariffs launched this week to fight EDF's current table topper. British Gas guarantees to undercut its own standard tariff by 6% until Feb '10 & E.On's new capped rate gives surety your price won't jump til Dec '10 (though whether they'll rise is questionable); both have penalties if you leave early. Your cheapest depends on location & usage so use a comparison site first... Compare & Get Cashback: (only via these special links) Top Pick: Energyhelpline* pays £15 cashback per switch. Dual Fuel: MSMarket* £30 cashback, Uswitch* a case of wine & SimplySwitch* £35 Amazon voucher. FULL info in the Guide: Cheapest Gas & Elec MSE News: British Gas new tariff, E.On launches cap Related: Grant Grabbing, Boiler Cover
Check for bogus mobile top ups on your bank statement. This type of fraud is rife, see MSE News: Bogus Top Ups
Free 5 min RNID hearing test. A quick online check-up for MoneySavers of all ages. Forum Note: Free hearing test
It's car insurance renewal month. Combine comparisons & get cashback to save £100s
As September's the new car registration month, many people have car renewals due. If so, sort it early, rather than a rush meaning you need to accept your renewal quote. Follow this system. Do a FULL comparison: Comparison sites search different companies, we've analysed their coverage to work out which to combine to get max. quotes in min. time, do it in this order (as many as poss): MSMarket*, GoCompare*, Confused* & CompareTM*. Extra discounts & cashback: Then check competitive insurer Direct Line* which isn't included by comparison sites and currently gives 7 days for price of 6. Once you've found your cheapest, try & buy through a cashback site to get the max The £14 Record: This came from an original quote of £134, then £120 cashback. Step-by-Step how to in the Full Guide: Car Insurance Related Insurance: Home, Van, Bike
Tesco Points Boosting. Spend £7.50 on ink cartridges, get £8 in Rewards. Buy two Canon compatible ink cartridges at £3.75 each and get 200 extra points, convertible into £8 of Rewards. Ends 26 Sept. See the Deals List: Tesco Clubcard Loophole
Sales Diary. M&S up to 50% off, Play.com £5 DVDs, CDs & books. The M&S sale's started online and in-store. See the Deals Note: High Street Sales Diary
Four Travel Tips You Need To Know. Tool of the Week. Summer Holiday Quiz mistakes
Private Parking industry hits back at my "don't pay unfair tickets" guide. See m'blog. Related: Private Parking guide.
Quick links or click the titles for full pros, cons, alternatives & more savings
Student Home Insurance. Don’t assume specialist insurers are cheapest.
Quick Forum Tips
Warning! Bargains listed here tend to sell out quickly
Newry (NI) Credit Union now offers a Current Account. Good for those with poor credit
Credit Unions are non-profit financial organisations which offer savings and borrowing to their local communities, great if you struggle to get accepted at a bank. Northern Ireland Residents: The second largest Northern Irish Credit Union in Newry has become the 22nd union to provide current accounts. It's similar to a basic bank account, but with the addition of a debit card and great for those who struggle to get a bank account. For info on how credit unions work, how to find one near you and how to join read the Updated Q&A Guide: Credit Unions Related: Bank Accounts
Board of the week: Made redundant or expecting to be? Redundancy Planning
Month after month we hear new jobless figures, to help as well as the Redundancy Guide; we've a Redundancy forum board for sharing MoneySaving info, and support for those who've lost jobs or those worried it may happen. Discussions include Job application tips, Redundancy & age discrimation and Jump or be pushed?
Great 'Your Top Tip For New Uni Students' Hunt Result
Last week we tapped MoneySavers' knowledge for their top tips on saving for students. There were some great suggestions including How to P/T work, Cooking skills and 11 top tips
- Thurs, GMTV, ITV1, sometime between 8:30 & 9:30am. Deals of the Week.
- Mon, The Gadget Show, five, 8pm. Reviewing net-top PCs.
- Tues, GMTV, ITV1, sometime between 7:20 & 9:30am. The topic's news reactive.
94% of MoneySavers back the NHS! Last Week’s Vote. Asked to tell the US what you think of the NHS, given the recent stateside furore, an overwhelming 94% of you responded positively. 50% of voters thought while it has its faults it nonetheless beats any 'pay' system, 27% had nothing negative to say about it at all, and 17% reckoned while it needs some serious work, on balance it's still the best system. See NHS poll results.
Who was top of your pops? This nifty site tells you which act was topping the charts the day you were born. No. 1 fun!
We hope you save some money
Martin & the MSE team
Explanation of * Links
FSA NOTE: Referring people to insurers or insurance intermediaries can in some circumstances require FSA authorisation. For this reason, Martin Lewis of Shepherd's Studios, Rockley Road, Shepherd's Bush, London W14 0EH is authorised and regulated by the Financial Services Authority.
How this site is financed. Any links with a * by
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to MoneySavingExpert.com, which helps it stay ad-free and free to use. You
shouldn't notice any difference, the links don't impact the product at all and
the editorial line (the things I write) is NEVER impacted by it. If it isn't
possible to get an affiliate link for the best product, it's still included in
exactly the same way. As I believe transparency is important, I'm including the
following 'un-affiliated' web-addresses for the same things: Egg.com, energyhelpline.com, moneysupermarket.com, simplyswitch.com, uswitch.com, comparethemarket.com, confused.com, gocompare.com, directline.com, uk.virginmoney.com, plus.net, alliance-leicester.co.uk, tescofinance.com, firstdirect.com, halifax.com, talktalk.co.uk, tiscali.co.uk. Read more about this in how this site is financed.
MoneySavingExpert.com is the free to use Consumer Revenge website focused on how to save you cash. It's owned, and run by ultra-focused journalist and bestselling author Martin Lewis. On TV amongst other things Martin is GMTV's Money SavingExpert and presents money programmes for ITV1 Tonight. On Radio Martin has regular slots on Radio 2 Vine and Radio 1 Whiley. He's also a columnist for the News of The World, Moneywise and the Sunday Post. Find out more: About the site and its funding.
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