Free £310 bank switch | Winter Fuel Shenanigans | Energy Price Cap to fall but you should still fix
The Martin Lewis Podcast
BBC
4.2 • 789 Ratings
🗓️ 22 May 2025
⏱️ 62 minutes
🧾️ Download transcript
Summary
Martin Lewis looks at the Energy Price Cap and what your best options are for your bills.
He gives his view on the recent announcement that the Winter Fuel Payment will be expanded.
A guide on how to get paid to switch bank accounts.
Tell Us this week is all about when have you saved a fortune by pure accident?
Mastermind explains the difference between annual and compound interest.
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, Podcasts. Hello, I'm Martin Lewis and this is the cunningly named |
| 0:07.6 | the Martin Lewis podcast. I do wonder what that's going to be about. Now, usually much of it comes |
| 0:12.3 | from a BBC Radio 5 live show with Adrian Charles, but don't worry, there's bonus money-saving |
| 0:17.1 | tips just for you lucky, lucky podcast listeners. Today, it's a popery of a podcast, including free money. |
| 0:24.4 | Yes, bank switching bonuses are back, up to £190 for free, |
| 0:28.3 | and you may get another £120,000 on top of that. |
| 0:30.5 | What's not to like? |
| 0:31.6 | I'll run you through the best and answer your switching queries. |
| 0:35.8 | The winter fuel payment may be expanded. We heard that from the Prime Minister yesterday, |
| 0:39.3 | but exactly how will they do it? |
| 0:42.3 | I have a preview for you of the energy price cap announcement that's coming tomorrow |
| 0:47.3 | that dictates the price two-thirds of homes will pay from July. |
| 0:50.3 | It's due to drop 6 to 8 percent, but don't rest on your laurels. You can save 18% straight |
| 0:57.0 | away by moving to the cheapest fix. This week's tell us is about how you've saved money by accident. |
| 1:05.0 | From a 6 grand payout from insurance you forgot to cancel to miss holiday rooms, and it turning out to be exactly |
| 1:11.7 | what was needed. |
| 1:13.7 | I've got a quick tip for you about how to cut the cost of a year's Disney Plus, and then finally, |
| 1:18.8 | in this week's mastermind, it's all about which is better with savings being paid interest |
| 1:23.7 | monthly or annually. |
| 1:26.3 | Play the theme tune. |
| 1:45.1 | I got me. interest monthly or annually. Play the theme tune. I got to feed. So I'm going to make sure everybody is. |
| 1:53.9 | Right, winter fuel payments then. We had the PM speaking in PMQs yesterday. I do declare. |
... |
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