TSB’s £160 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 £160 switching deal has just launched from TSB. The deal comes in 3 parts, so you’ll get the first £100 for switching, then £10 cashback a month for 6 months – 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 2.72% 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 £27.20 and £99.32 in interest respectively. Bear in mind, the Spend & Save Plus account comes with a £3 monthly fee.
That’s £286.52 in your first year, including switching bonus, cashback and maximum savings interest.
To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.
Read the full methodology
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There’s no end date listed on the TSB site, but it may be withdrawn at any time.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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