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.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up
Latest Videos FromMoneyWeek
Ruth Jackson-Kirby
Freelance journalist

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.