Bag £60 in one day with Tesco

There are some good discounts and instant earnings to be had for the savvy consumer at the moment. Ruth Jackson rounds up the week's personal finance news.

You can make £60 in a day by exploiting a loophole in Tesco's new savings account, says Martin Lewis on MoneySavingExpert.com. Open a Tesco Instant Access Savings account and depending on how much money is in it on 7 October they'll give you some Tesco Clubcard points regardless of whether or not you keep the money in the account beyond that day.

So move some money in for that day then move it to somewhere else with a better interest rate the account only pays 0.75%. If you have £1,000 in the account on the right day you'll get 500 points (worth £20 in rewards). You'll get 1,000 points with £3,000 and if you have £10,000 saved, that's 1,500 points, which are worth £60 in Tesco's Clubcard rewards scheme.

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Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.