If you considering changing your current account TSB are now offering a £125 incentive to switch to them, This is on top of 5% interest on balances up to £2000, 5% Cashback on up to £100 of Contactless payments per month and the option of a 5% regular saver account.
The £125 incentive starts today is exclusive to Money supermarket .com, so make sure if you switch you do so via the link, and not via the TSB normal web site.
Get up to £185 on the current account that gives you plusness
£125 for switching - open a Classic Plus account by
2 November 2015 and switch to us using the Current Account Switch Service before 23 November 2015.
Pay in at least £500 into your new account within
28 days of the switch completing and register a minimum of 2 active Direct Debits.
Plus get up to £60 in the first year - If you have a contactless debit card (subject to status and eligibility) and you are registered for internet banking, get 5% cashback on your first £100 of contactless payments every month - ends Dec 2016.
What you get
£125 when you open a Plus account and then switch to us
5% AER/4.89% gross variable interest paid monthly on balances up to £2,000
To earn interest (which is paid monthly) just pay in a minimum of £500 a month and register for Internet Banking, Paperless Statements and Paperless Correspondence. No interest is paid on your balance over £2,000
No monthly fees
TSB Visa debit card – contactless debit card subject to status and eligibility
5% cashback on your first £100 of contactless payments every month (ends Dec 2016)
Optional fee free £25 planned overdraft available (subject to application and approval)
Access your account online, via mobile banking, telephone banking or in branch
Once you have a TSB current account, get a 5% AER/gross (fixed) Monthly Saver for 12 months. Simply setup a standing order and save from £25 to £250 a month - at the end of your term your account will convert to a variable rate Easy Saver Account, currently paying 0.75% gross/AER variable including a fixed bonus of 0.55% for the first 12 months
Note: You cannot replace money withdrawn. Instant access
You must be 18 or over and a UK resident to apply. The Classic Plus account is restricted to one account in your sole name, and another Plus account in joint names
Top comments
marineville to stephenr
11 Oct 1516#19
what you'll get in total is:
125.00 joining fee
80.00 interest (after basic tax) on 2000.00
80.00 interest (after basic tax) on another 2000.00 (you can open a second account but assuming you can't transfer two accounts over)
64.60ish on regular saving of 250.00 for 12 months (after basic tax)
so, just short of 350.00 in the first year PLUS whatever you can make on the 5% using the contactless payment card (although it's a bit patchy as most petrol stations won't take it, morrisons do at both, as do morrisons and tesco have an icon on their tills but still don't) and it's prone to not working without a normal pin number payment to reset, which is a royal pain when you're trying to pay for petrol at 19.99 and then it refuses to go contactless so you then have to pay with your santander card to get the 3% off from them instead).
so damned well worth it.
incidentally, mods... where would i set up a discussion to list which retailers use contactless payments?
HankHandsome
11 Oct 156#1
nuts .. just switched to nationwide for "only" £100 cashback ..
stryker2001
17 Nov 154#289
Today, exactly 28 days after opening my account ive just received £125 credit. Thanks TSB and thanks to everyone who posted the deal
leeparsons to cliosport65
11 Oct 154#47
loyality gets you no where with the scum that crippled the country. So play them at there own game, ditch and switch
All comments (301)
HankHandsome
11 Oct 156#1
nuts .. just switched to nationwide for "only" £100 cashback ..
rdbradshaw to HankHandsome
11 Oct 152#3
Me to but did you not go through quidco , it was £75 at the time .
lady_muck
11 Oct 151#2
thank you op!
HankHandsome
11 Oct 152#4
no, it was an "exclusive" moneysupermarket offer. i should hopefully get the cheque in a couple of weeks.
stephenr
11 Oct 15#5
On the £2k you'll get about £6.44 a month
marineville to stephenr
11 Oct 1516#19
what you'll get in total is:
125.00 joining fee
80.00 interest (after basic tax) on 2000.00
80.00 interest (after basic tax) on another 2000.00 (you can open a second account but assuming you can't transfer two accounts over)
64.60ish on regular saving of 250.00 for 12 months (after basic tax)
so, just short of 350.00 in the first year PLUS whatever you can make on the 5% using the contactless payment card (although it's a bit patchy as most petrol stations won't take it, morrisons do at both, as do morrisons and tesco have an icon on their tills but still don't) and it's prone to not working without a normal pin number payment to reset, which is a royal pain when you're trying to pay for petrol at 19.99 and then it refuses to go contactless so you then have to pay with your santander card to get the 3% off from them instead).
so damned well worth it.
incidentally, mods... where would i set up a discussion to list which retailers use contactless payments?
dk2401 to stephenr
12 Oct 151#164
That's assuming you're a basic rate taxpayer...
tonks13
11 Oct 15#6
Switched to this account last month so not eligible for £125
karlie88
11 Oct 152#7
Ta OP. Possibly the best fee-free current account out there at the moment.
tonks13
11 Oct 15#8
Rang to lodge complaint and they said if they get lots more then they will have to honour it to those who went direct to TSB!
The Bandit
11 Oct 15#9
How easy and reliable is it to switch banks? Do they sort out all of your direct debits, etc?
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Opening post
The £125 incentive starts today is exclusive to Money supermarket .com, so make sure if you switch you do so via the link, and not via the TSB normal web site.
Get up to £185 on the current account that gives you plusness
£125 for switching - open a Classic Plus account by
2 November 2015 and switch to us using the Current Account Switch Service before 23 November 2015.
Pay in at least £500 into your new account within
28 days of the switch completing and register a minimum of 2 active Direct Debits.
Plus get up to £60 in the first year - If you have a contactless debit card (subject to status and eligibility) and you are registered for internet banking, get 5% cashback on your first £100 of contactless payments every month - ends Dec 2016.
What you get
£125 when you open a Plus account and then switch to us
5% AER/4.89% gross variable interest paid monthly on balances up to £2,000
To earn interest (which is paid monthly) just pay in a minimum of £500 a month and register for Internet Banking, Paperless Statements and Paperless Correspondence. No interest is paid on your balance over £2,000
No monthly fees
TSB Visa debit card – contactless debit card subject to status and eligibility
5% cashback on your first £100 of contactless payments every month (ends Dec 2016)
Optional fee free £25 planned overdraft available (subject to application and approval)
Access your account online, via mobile banking, telephone banking or in branch
Once you have a TSB current account, get a 5% AER/gross (fixed) Monthly Saver for 12 months. Simply setup a standing order and save from £25 to £250 a month - at the end of your term your account will convert to a variable rate Easy Saver Account, currently paying 0.75% gross/AER variable including a fixed bonus of 0.55% for the first 12 months
Note: You cannot replace money withdrawn. Instant access
You must be 18 or over and a UK resident to apply. The Classic Plus account is restricted to one account in your sole name, and another Plus account in joint names
Top comments
125.00 joining fee
80.00 interest (after basic tax) on 2000.00
80.00 interest (after basic tax) on another 2000.00 (you can open a second account but assuming you can't transfer two accounts over)
64.60ish on regular saving of 250.00 for 12 months (after basic tax)
so, just short of 350.00 in the first year PLUS whatever you can make on the 5% using the contactless payment card (although it's a bit patchy as most petrol stations won't take it, morrisons do at both, as do morrisons and tesco have an icon on their tills but still don't) and it's prone to not working without a normal pin number payment to reset, which is a royal pain when you're trying to pay for petrol at 19.99 and then it refuses to go contactless so you then have to pay with your santander card to get the 3% off from them instead).
so damned well worth it.
incidentally, mods... where would i set up a discussion to list which retailers use contactless payments?
All comments (301)
125.00 joining fee
80.00 interest (after basic tax) on 2000.00
80.00 interest (after basic tax) on another 2000.00 (you can open a second account but assuming you can't transfer two accounts over)
64.60ish on regular saving of 250.00 for 12 months (after basic tax)
so, just short of 350.00 in the first year PLUS whatever you can make on the 5% using the contactless payment card (although it's a bit patchy as most petrol stations won't take it, morrisons do at both, as do morrisons and tesco have an icon on their tills but still don't) and it's prone to not working without a normal pin number payment to reset, which is a royal pain when you're trying to pay for petrol at 19.99 and then it refuses to go contactless so you then have to pay with your santander card to get the 3% off from them instead).
so damned well worth it.
incidentally, mods... where would i set up a discussion to list which retailers use contactless payments?