TSB switch deal update
TSB’s £160 switching offer has now ended. The information below is for reference only. For switching deals available now, make sure to check out our switching deals guide.
TSB’s £160 switching offer has now ended. The information below is for reference only. For switching deals available now, make sure to check out our switching deals guide.
A new switching bonus from TSB launched on 23 May 2024, where you can get £100 for switching your account and up to £60 in cashback – plus an additional reward 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 2.92% AER on Savings Pots and access to the TSB Monthly Saver at 6%. If you deposit £1,000 into a Savings Pot and save the maximum amount of £250 a month into the Monthly Saver, you stand to earn £29.20 and £99.32 in interest respectively.
That’s £288.52 in your first year, including switching bonus, double cashback 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 double 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 1 October 2022.
There’s no end date listed on the TSB site, but it may be withdrawn at any time.
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