Money Saving Expert has encouraged people to take a look at a current offer from TSB.
Brits looking to top up their savings could gain £310 for free by switching to a certain bank account. According to financial experts, this deal includes cash up front, regular monthly payments, and a voucher worth £120.
If you know where to look it is possible to earn a bit of extra cash here and there simply by changing your bank account every now and then. Certain banks regularly offer switch deals as a way to boost their customer base.
With this in mind, the team at Money Saving Expert (MSE), which was founded by Martin Lewis, encouraged people to take a look at a current offer from TSB. They said: “Less than a month ago, six banks were fighting to pay you a free £175 plus just to switch your current account to them.
“But now, with two deals having gone and a third ending in days, it looks like a golden summer for switching may be starting to wind down. So if you’re looking for some easy extra cash in your pocket, it’s time to take your pick.”
They continued: “Banks believe if they have your current account custom it’s easier to sell you other things, which is why some are willing to pay you to switch to them.
“We say grab the cash, but don’t feel the need to be loyal. You needn’t stick with the bank for other products, so bag yourself the best credit card, loan, savings, mortgage and more from across the market. However, don’t let that stop you from getting paid for your custom.”
Topping the current list of switch offers is one from TSB. By changing to the TSB Spend and Save account you can get £100 in cash upfront, £15 a month for six months and your choice of a voucher worth £120.
MSE said: “This is a clever deal from TSB. Its free cash is structured to incentivise you to stick with it until at least March 2026.”
Going into more detail, you will get £100 upfront free cash if you switch, make five or more debit card payments and log into its app by September 22. You will then get £15 a month cashback if you make 20 or more debit card payments in the month.
On top of this you could get a £120 voucher or 12 months of activity tickets if you make 20 plus debit card payments in February 2026. “The hotel voucher is for £120 credit for bookings on the Expedia-powered Travel Credits website (no min spend), which mostly seems to have the same prices as the main Expedia site,” MSE said.
“The activity tickets are for the National Activities Network, which includes things such as theme parks, trampoline parks, escape rooms and museums. Yet it’s only usable for one person, so not the best for families.”
If you sign up to the Spend and Save account you will also be able to access a linked five per cent AER one year fixed regular saver you can put up to £250 a month in.
Other current switch deals highlighted by MSE include:
- FirstDirect – free £175
- Barclays – free £175 plus extras such as Apple TV
- NatWest – free £125 plus the potential for an extra £50, plus a possible £36 a year cashback
For more information, visit the MSE website here.
