Gas prices are falling. But don’t just sit around waiting for the price cuts to come to you. Npower, EDF Energy, Scottish Power and E.ON may have joined British Gas and Scottish & Southern Energy in announcing price cuts, but these apply to their standard tariffs. And these tend to be the companies’ most expensive, so even with the latest cuts they don’t represent a good deal.
For example, Npower’s cuts will reduce the average standard bill by £50 to £1,196 per year for dual fuel, says Kara Gammell in The Daily Telegraph. But that deal is still more expensive than the same deal with E.ON, currently “the best provider for standard dual-fuel tariffs”, says Gammell. If you shop around for the best deal for your needs via comparison websites, such as Moneysupermarket.com or Uswitch.com, you could get an even better deal. If you don’t have a computer, you can still find the best deal by calling Moneysupermarket.com on 0845-345 1296.
• National Savings & Investments have launched a Direct Saver account paying 2%. The account can be operated online 24hrs a day or by telephone from 7am to 12pm. No notice is required for withdrawals and you can deposit up to £2m. Given the bank is government-backed, your money is safe. But there are better rates out there. For example, West Bromwich Building Society offers 2.65% on its instant access account.
• BT has launched a new range of cheap broadband and call packages. Prices start from £7.49 a month. To find the best broadband deal for you, visit Broadbandchoices.co.uk.
• If you are planning on doing some DIY over the Easter weekend, stock up on supplies now. B&Q are offering 20% off when you spend more than £50 in store or online this weekend. The offer excludes gift cards, installation and sales at Nextday.diy.com, which is their next-day delivery service.