TSB’s £310 switching offer has now ended. The information below is for reference only. For switching deals & sign-up bonus offers available now, make sure you check out our switching deals guide and sign-up bonus deals guide.
A huge £310 switching deal has just launched from TSB. The deal comes in 3 parts, so you’ll get the first £100 for switching, £15 cashback a month for 6 months – plus an additional reward of £120 in vouchers for sticking with the account. Here’s how to get the money and what rewards are in store for you. For a full list of switching deals on the market, you can visit our switching deals guide.
TSB’s switching offer comes in 3 parts.
With either the Spend & Save account or Spend & Save Plus account, you’ll get 2.05% AER on Savings Pots and access to the TSB Monthly Saver at 5%. If you deposit £1,000 into a Savings Pot and save the maximum amount of £250 a month into the Monthly Saver, in 12 months you stand to earn £20.50 and £81 in interest respectively. Bear in mind, the Spend & Save Plus account comes with a £3 monthly fee.
That’s £411.50 in your first year, including switching bonus, cashback, voucher reward and maximum savings interest.
Only new TSB customers can get it and you can only benefit from these offers once. So there isn’t a way to get cashback again if you open a second account either in your name or in joint names.
You can’t qualify if you’ve received an incentive or benefit for switching to TSB Bank since October 2022.
There’s no end date listed on the TSB site, but it may be withdrawn at any time.
If this offer is not for you, we also have a guide displaying current banking switching deals on the market and also other banking offers such as refer-a-friend offers and more.
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