Some of you may recall that back in November I posted about TSB offering you £100 to switch your current account to them. “Do it now I said”. And why not, they hadn’t offered an incentive for ages. And yet, here they are offering it again. This time for £130!
Please note this offer is currently unavailable.
For those that haven’t tried it before, switching accounts is very easy. They do all the work for you and all of your direct debits and standing orders are swapped automatically. And not only will you get £130, you will also receive a very competitive 3% on your balance of up to £1500, plus you can earn 5% cashback on your first £100 contactless payments each calendar month until September (worth £40).
Is TSB any good?
I have been a customer for just over a year. My cashback was paid quickly and (touch wood), I’ve not had any problems with the account. It’s a shame that the interest dropped from 5% to 3%, but I can understand the reasons behind it. I have no plans of leaving TSB anytime soon. Their banking app is also very easy to use and their website is simple to navigate.
To qualify for cashback you need to apply through this link from MSE. If you go direct, you won’t receive anything. This offer ends on the 26th June, so get switching soon. Your switch must include a minimum of 2 active direct debits, and you need to pay in £500 within 28 days of switching.
Deal rating 10/10. Honestly, once you understand it all, switching banks takes no more than 15 minutes. That’ the equivalent to £500 an hour. And you get decent interest and cashback too. Get switching!