Major UK supermarkets are offering Christmas savings schemes with bonus and cashback options.

Major UK supermarkets, including Tesco, Asda, Morrisons, Iceland, Sainsbury's, and Co-op, are promoting Christmas savings schemes that offer bonuses and cashback to encourage holiday budgeting. These programs allow customers to save and earn bonuses of up to £50 or 6% on their deposits. Financial expert Martin Lewis advises using regular savings accounts to earn interest before transferring funds into these schemes close to their bonus deadlines, as the savings aren't interest-bearing or protected.