Present pay-out: how switching bill supplier can help you pay for next Christmas

Price comparison experts at uSwitch, explain how much you could save by simply switching bill supplier and save for Christmas 2020

According to the research, the savings from switching energy supplier could see you save up to £477 – equivalent to x17 Christmas meals for a family of 8 and switching broadband could save £193 – the same as x7 sets of Top Christmas Toy 2019, Bank Attack.

Move over Christmas 2019, building societies are already telling us to start saving for Christmas 2020! With the average household forking out at least £500 on presents and celebrations, according to the Bank of England, it’s a good idea to think about how you can save the pennies without having to cut back on the turkey.

According to uSwitch: “Many people think that saving money literally means cutting back on everyday items – but it doesn’t have to be like this. The biggest savings can often be unlocked by switching utilities and services. The average household could save nearly £1000 a year by switching to better deals, which could mean that Christmas is already covered for the next couple of years.”

What switching could buy you:

• Switching your energy provider
  • Between 1 Jan 2019 and 30 June 2019, at least 10% of people who switched energy supplier for both gas and electricity with uSwitch saved £477 or more.
  • Current great deals:
    • Cheapest on market: Utility Point Just Up 19 Wk49 Direct v2 -£837/year
    • Cheapest Big Six: SSE Exclusive 1 Year Fixed v8 – £893/year
  • Save up to £477 = x17 Christmas meals for a family of 8 

• Switching your broadband & home phone
  • Average out of contract costs for Big Four broadband providers is £491.91 per year compared to the cheapest on the market at £299.40 per year
  • Current great deals:
    • Virgin Media 108Mb broadband + weekend calls £27/month
    • Plusnet 66Mb broadband + £75 cashback £26.99/month
  • Average saving of £193 = x7 sets of Top Christmas Toy 2019, Bank Attack

• Switching your mobile phone contract
  • Between 1 January 2019 and 30 June 2019, at least 50% of people who switched 24 month contracts on the most popular mobile devices with uSwitch saved up to £148 versus switching with the mobile phone networks directly8
  • Current great deals:
    • Samsung Galaxy S10 100GB data £33/month
    • Apple iPhone 11 100GB data £39/month10
  • Save up to £148 = x4 Christmas trees11

• Switching your current account
• Many banks are offering introductory offers which can boost your savings.
• Current great deals:
  • Nationwide is offering you and a friend £100 each if you refer a friend to switch to them
  • First Direct  is offering £50 for switching to them
  • Santander is offering cashback on utility bills and council tax.
• Save up to £100 = x1 child’s stocking 

Savings per year = £918