Reena Sewraz, Which?’s money expert, broke down why this deal from first direct is beneficial to households amid the increase in the cost of living.
She explained: “Many people are feeling financial pressure at the moment as high food, energy and fuel prices squeeze household budgets.
“However, there are steps you can take that could help you make some extra cash this year. An easy way to earn up to £175 is by switching your bank account to a different provider.
“You could also try something a bit different, such as renting out your car or driveway, signing up to be a mystery shopper, or selling belongings you no longer have use for.”