Energy forecast to jump 25%, £200 to switch banks, 7% savers
This edition was published on 25 September 2026. Offers and rates mentioned were correct when published and may have changed since. See today’s verified offers →
THIS WEEK
Hi there, William here.
Energy is forecast to rise 25% in January. Fixing now already beats the cap, Lloyds are paying £200 to switch, and four accounts are paying 7% or more.
Your deal editor at MoneyHQ. I check every offer myself and I tell you the catch before you click.
TL;DR
Energy is forecast to rise 25% in January: fixed deals are already cheaper than the October price cap. Compare energy →
28% of broadband customers are out of contract: Ofcom says they overpay by around £96 a year. We have seen 500Mbps going for £16 a month. Compare broadband →
Lloyds are paying £200 to switch: and there is over £1,000 in switch bonuses on the table right now. See switch offers →
Up to £400 cashback on Samsung: £400 on the Fold8 Ultra, £350 on the Fold8, £250 on the S26 Plus. Compare Samsung deals →
Four accounts paying 7% or more: do not leave money sitting somewhere earning nothing. Compare savings →
01 · ENERGY
Forecasts point to a 25% rise in January, to around £2,150 a year
Ofgem will not announce the exact January price cap until 25 November, but industry forecasts point to a rise of close to 25%. EDF have warned it could climb as much as 30%.
What you can do right now is lock in a fixed rate. Several of the major suppliers have launched fixed tariffs that already sit below the October price cap.
Run a comparison and see whether fixing beats what you are on today.
The catch: a fixed rate can carry exit fees if you leave before the term is up.
Source: Bloomberg Economics
02 · BROADBAND
Out of contract? You are probably overpaying
Ofcom reports that 28% of broadband customers are out of contract. On average they pay about £8 a month more than they need to, which is £96 a year, and that is before the sign up bonuses worth up to £200.
Ofcom have also brought in the one touch switch process. You contact your new provider and nobody else, and they cancel the old service for you.
Deals we have seen recently:
900Mbps for £19 a month
500Mbps for £16 a month
The catch: the £96 saving and the upfront bonuses are not available at every address. A full market comparison is the only way to see what you can actually get where you live.
03 · BANK SWITCHING
New: Lloyds are paying £200 to switch
Lloyds have just launched a new switching bonus. £200 in cash, paid within 14 working days of the switch completing, which is one of the fastest payouts of any deal on the market.
Move at least 3 Direct Debits across using the Current Account Switch Service, open a Club Lloyds account, and that is it.
The deadline is 9 December 2026, so there is plenty of time. And there is over £1,000 in switch bonuses available right now across all the banks.
The catch: Club Lloyds carries a monthly fee, refunded if you pay in £2,000 or more a month. You also cannot have taken a switch bonus from Lloyds, Halifax or Bank of Scotland since 1 January 2023.
04 · MOBILE
Up to £400 cashback on Samsung handsets
Some of our providers are paying up to £400 in cashback on selected Samsung models, which takes as much as 33% off the price.
S26 FE: £200 cashback
S26 Plus: £250 cashback
Fold8: £350 cashback
Fold8 Ultra: £400 cashback
The catch: a discount is only a discount if you need it and were going to buy it anyway.
05 · SAVINGS
Lloyds, Santander, Co-op and first direct are all paying 7% or more
Between them these four regular savers take £1,000 a month in deposits, and every one of them pays 7% or higher. If your money is sitting somewhere earning nothing, it is worth opening one.
The catch: regular savers cap how much you can pay in each month, but running a few of them alongside each other lifts that ceiling a long way.
NEW ON YOUTUBE
The 5 best UK bank accounts in 2026
Five minutes on the current accounts actually worth having this year, what each one gives you, and who should not bother. If one of them suits you, the switch bonus is sitting on the site.
Live on TikTok
Come and ask MoneyHQ live
We go live on TikTok and find people the cheapest deal on the spot. Tell us what you are paying now and we will tell you there and then whether you can beat it.
Broadband: we found 900Mbps for £19 a month this week. Give us your postcode and we will see what is live at your address.
Phones: Samsung, Google or Apple, we will find you the cheapest way to get the one you actually want.
Energy and SIM only: same thing, worked out live while you watch.
There is no fixed slot yet, so follow us and TikTok will tell you the moment we go live.
William's take
Energy bills have been all over the media this week. With all the political unrest around the world, it is ordinary people who end up carrying the consequences.
We cannot change any of that. What we can do is protect ourselves where we are able to.
So go and look at your energy bill. Work out whether fixing is the better option for you. On average it saves about £200 a year against the price cap, and it takes a couple of minutes to check.
MoneyHQ compares products. It is not financial advice. If you are unsure, speak to a regulated adviser.
Other news
The one touch switch process is now live for broadband, so changing provider means contacting the new one and nobody else. Compare broadband →
We have introduced tools to help make your financial life easier. See the tools →
The MoneyHQ app is coming very soon to both the App Store and Google Play, so you can have MoneyHQ in your pocket.
BEFORE YOU GO
That's it for this week. Hit reply if you want me to look at a deal, I read every one. Know someone overpaying? Forward this to them.
William · Deal editor, MoneyHQ
You are getting this because you signed up to The UK Money Report by MoneyHQ. Some links earn MoneyHQ a commission. That never changes what William recommends or the order we show it, and you never pay more. Rates and offers are correct at the time of sending and can change.