From mse. A reminder that it ends on the 26th June so get switching
New customers switching to TSB's Classic Plus* via our link get £130 to switch to it (nowt direct). Plus, there's also up to £10/mth free cash to be claimed. It pays out £5 every month you have two or more direct debits paid out, and another £5/mth if you use your debit card at least 20 times in that month, until 30 June 2018.
As an extra bonus, you also get 3% AER variable on the first £1,500 in your account. All these perks mean you could earn almost £300 if you switch and keep the account for a year.
To get the switching bonus, apply by Mon 26 Jun and fully switch to it including 2+ active direct debits (what counts as active?) using TSB's switching service by Fri 14 Jul (DD's must still be active for at least 28 days after the switch completes). You also need to pay in £500+ in the first 28 days from switching.
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If your current bank isn't signed up to CASS, you can still get the bonus by doing a manual switch. See key questions for more.
You won't get the bonus if you've ever got a switching bonus from TSB before or if you currently hold a Classic Plus account in your sole name.
The bonus is paid to your account within 28 working days of the switch completing as long as you've met the terms above. If you have any issues with your switch, call TSB's Switcher Team on 0345 835 7838.
The 20 transactions need to be made within a calendar month – the date of transaction will be when the money's taken from your account, which could be a couple of days after you spend. Online, contactless and Apple and Android Pay transactions count, but ATM withdrawals don't.
The direct debits need to go out within the calendar month (so watch out for bank holidays & weekends), and need to be paid to different companies. You need to be registered for internet banking for this cashback.
You'll need to pay in £500/mth, register for internet banking (and log in at least once a year) & opt for paperless statements & correspondence to get the interest.
If you have more than one account, you can get the cashback on both, provided you meet the criteria on each account, but you can only get one switching bonus.
This account has a linked 2% regular saver, though this can be beaten by other regular saver accounts.
TSB has the full £85,000 UK savings safety guarantee.