Martin Lewis reveals free £310 'reward of the year'
The deal includes £190 in direct free cash, plus a £120 reward.
MoneySavingExpert called it the "biggest bank switching reward of the year".
If you pay for childcare, whether just for the summer or all year round, watch this quick video briefing on the help that's available. Huge numbers are missing out.
Courtesy of ITV The Martin Lewis Money Show, watch the full summer special back at https://t.co/79FhInIecq pic.twitter.com/JSRDX8wfgu — Martin Lewis (@MartinSLewis) May 23, 2025
It stated: "New. FREE £100 upfront, £15/month cashback for six months, plus choice of an extra reward in January 2026. To max the reward on the TSB Spend & Save you'll need to use the debit card for spending each month. You get the upfront £100 for switching.
"But if you then spend on its debit card 20+ times in each of the first six months, you'll qualify for the £15 a month cashback. Then, if you also make 20+ debit card payments in December, you'll earn an extra reward – choose from a £120 credit towards a hotel booking via Expedia's Travel Credits website or 12 months of activity tickets with the National Activities Network.
"The account also gives access to a regular saver, offering 5% interest on up to £250 a month, fixed for 12 months. Maxed out, that's £71 interest."
You can't have had a switch bonus from TSB since 1 October 2022.
To be eligible for the triple cashback, you must first complete all of the £100 switch incentive conditions.
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What do TSB say?
TSB said: "If you make 20 or more payments (of any value) per month using your debit card in the first six calendar months your Spend & Save account or Spend & Save Plus account is open (including the month your account is opened) and subject to meeting our cashback terms and conditions, we'll give you £15 cashback per month instead of £5.
"This will appear as two payments on your transactions (£5 and £10) and may occur on different dates. We'll count your 20 payments based on the date the money is taken from your account.
"This is usually within 5 working days from the day you make the debit card transaction, but sometimes can be longer. You can tell when money is taken from your account by looking at your transactions online or on your statement."
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