Money Round-up: Bank fraudsters; free wine; free home improvements; and rip-off extended warranties

Video: The Independent’s Personal Finance Editor Simon Read talks over the latest Money news with Headline London host Claudia-Liza Armah

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The Independent Online

This week, Simon Read discusses the rise in fraudsters posing as banks and warn credit card borrowers to beware of gimmicks. There’s also advice about applying for free home improvements and news that rip-off extended warranties could soon become a thing of the past.

Crooks posing as banks set to trick millions out of their savings

Vulnerable people are at risk from fraudsters posing as banks, worrying new research shows. The British Bankers’ Association tested what the response would be to typical fraudster activities. The results are alarming with many of us looking like easy victims.

See the full story here.

Millions miss out on free home improvements

People risk not claiming free money-saving home improvements because they don’t realise their property is eligible for help. Research by British Gas reveals that only one in five people believe their home qualifies for free insulation, despite it being available to nine out of 10 homes that need it.

See the full story here.


Rip-off extended warranties could soon be a thing of the past

Online retailer Co-operative Electrical has today cut the price of the cover and promised to sell policies at cost. The move means a typical five year warranty – which is essentially long-term insurance for a cooker or TV – will cost just £80, rather than hundreds of pounds.

See the full story here.

Barclaycard free wine gimmick

Credit card borrowers have been warned to beware of gimmicks after Barclaycard launched a free wine offer. Until 24 October anyone who transfers £2,000 or more will either be sent a case of wine worth around £60 or a £15 gift voucher.

See the full story here.

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