TSB offers £310 in bonus cash for customers who make this account change
TSB is offering customers £310 in bonus cash and rewards if you switch to a current account with them and carry out certain other steps. You can get the extra cash when you switch to a TSB Spend & Save or Spend & Save Plus current account.
This includes an £100 switching bonus when you move over to the new account and other cashback and rewards, which all together are worth an extra £310. To qualify for the funds, you need to arrange a switch to either account using the Current Account Switch Service, from July 21. The switch must be completed by September 22.
To get the initial £100 switch offer, you need to log into the TSB Mobile Banking app and make at least five payments using the debit card for your account, before September 22. You will then get the £100 bonus between October 6 and 12.
Surina Somal, everyday banking director at TSB, said: "It's great to be out again offering customers more brilliant reasons to bank with TSB. On top of the many great features and benefits that TSB current accounts already provide, we're always looking for ways to reward new and existing customers – and our latest switching offer and exciting prize draw do just that."
You can also get cashback of £15 a month for the first six months of your account, if you make at least 20 debit card payments in that calendar month. Your cashback will be paid in the next calendar month. This means you can earn up to £90 over the six months.
If you have met all the criteria to get the £100 bonus, you can also get £120 in vouchers towards your next hotel stay. To get the vouchers, you will need to make 20 or more debit card payments in February 2026. You can choose either from the hotel vouchers or from activity tickets for 12 months, as your reward.
If you go for the hotel vouchers, you may want to note that some bookings will be non-refundable, depending on the hotel where you are staying. The voucher cannot be used along with any other vouchers or offers.
Current account holders can also enter a prize draw which is running every month until the end of December. From July to October, prizes will include a city break for two to Toronto or Niagara Falls, while other prizes include spa breaks, West End theatre tickets and football stadium tours.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BBC News
13 hours ago
- BBC News
Allerton Bywater battery storage plans blocked
Plans for an energy storage plant have been blocked for a second time after more than 1,000 people Energy faced renewed opposition to proposals for the Battery Energy Storage System (BESS) on land off Newton Lane, between Ledston and Allerton Bywater near said the development would help tackle climate change and stabilise energy supplies by storing electricity for future City Council planning panel members passed a motion not to accept a recommendation from council officers to approve the application. 'Green belt harm' Earlier this month, more than 1,200 residents, along with MPs and councillors, objected to other proposals by Harmony to install 72 containers storing lithium ion batteries on farmland at Heath near City Council initially refused planning permission for the Allerton Bywater proposals in November 2023 after environmental and fire safety fears were raised, along with the impact on green belt land.A plans panel was told national planning policy changes meant the site could now be downgraded to "grey belt" – deemed less environmentally that was disputed by action group Save our Villages and council leader James Lewis, who represents Kippax and told the panel: "I don't believe this site is grey belt and therefore the harm to green belt, which this site is, should be a reason for refusal."Objector Adrian Appleyard said a fire at the site could see contaminated water run off in to Fairburn Ings Nature Reserve, 400m away, according to the Local Democracy Reporting Tessa Fletcher said the company had an excellent safety record and the BESS would have the capacity to power thousands of said: "As a nation we are legally bound to reduce carbon emissions and must do so at pace."A final decision will be made after a report is drawn up on detailed reasons for refusal and the chances of losing an appeal. Listen to highlights from West Yorkshire on BBC Sounds, catch up with the latest episode of Look North.
Times
a day ago
- Times
How DIY investing helped me go from council flat to coastal cottage
When a cabinet minister (in this case Liz Kendall) predicts that 'tomorrow's pensioners will be poorer than today's', it is time to paddle away from what she called the 'tsunami of pensioner poverty' and become a do-it-yourself investor. Relying on the kindness of strangers is a recipe for disappointment, whether they are paternalistic employers or kindly politicians recycling other people's money. So this DIY investor is jolly glad that I began buying shares more than 30 years ago, when, in the 1980s, millions of ordinary people enjoyed making money out of the stock market. Privatisations were priced to go — do you remember, Sid? — and the flotation of financial institutions such as Abbey National and TSB delivered windfall profits that helped to turn small savers into serious shareholders. Since then, shrinking returns from many British businesses and burdensome taxes on investors have crushed dreams of a share-owning democracy. But the SOS message from the work and pensions secretary last week may serve as a wake-up call for millions who are sleepwalking toward a miserable old age. • Will you pay the price for the chancellor's pension shake-up? Let me explain how and why I began investing. Better still, for anyone lucky enough to be in their twenties, as I was when I started on Fleet Street in 1986, I can flag up some pitfalls of the stock market that I learnt the hard way. The first thing this cub financial reporter from Kilburn in northwest London noticed was that the Square Mile is full of ordinary folk receiving extraordinary remuneration. There's nothing necessarily wrong with that: give me overpaid over underpaid any day. But every penny of those City slickers' pay and bonuses has to come out of the pockets of the punters or, more formally, policyholders with life assurance-linked contracts and other old-fashioned investment funds. That's why I decided to start buying shares for myself, gaining a stake in businesses that I liked and shunning rackets that I loathe, such as tobacco. Professionals love to make their work seem complex because it helps to reduce competition and protect high pay. But anyone can see and hear where consumers are spending their money and which companies or countries might be on the way up. • Here's how to get your portfolio ready for battle That's how I stumbled on what turned into my very first ten-bagger — a share whose price went up ten times after I invested. A couple of business trips to the Far East prompted the idea of gaining a stake in Asia's ruthless work ethic, memorably summed up by the line: 'He who does not work shall not eat.' Knowing nothing about the individual businesses, I bought shares in London-listed investment trusts that were focused on China and India. Like other forms of pooled funds — such as unit trusts and exchange traded funds (ETFs) — these enable everyone to diminish the risk inherent in stock markets by diversification, which spreads our money over different companies. Long story short, shares in what was then called Fleming Indian and is now JP Morgan Indian, in which I invested a low four-figure sum at 63p in June 1996 cost £10.70 at close of trade on Friday. Newish fund managers say they intend to begin paying dividend income equal to at least 4 per cent of net asset value (NAV) later this year, which is good news after it has performed relatively poorly in recent years. Less happily, I was an enthusiastic participant in the demutualisation mania of the 1990s, when several building societies floated on the stock market. Not one of those newly formed banks remains an independent institution now and none of the shares issued by Alliance & Leicester, Bradford & Bingley, Halifax or Northern Rock is worth anything today. No wonder they say windfalls don't keep. More positively, that painful experience taught me that there is nothing theoretical about the warning that share prices can fall to zero. It also demonstrated the danger that if you follow the herd, you might end up at the abattoir. As a general rule, if everyone is investing in something, public confidence and share prices are likely to be near their peak, so there probably isn't much money left to be made. That's one reason I intend to continue avoiding cryptocurrencies, the investment craze of today. Another reason is that I prefer to own shares in businesses providing those goods and services where I can see customers paying real money, funding rising capital values and dividend income for investors. For example, watching my wife and her girlfriends enjoying the early days of the gin and tonic trend led me to the life-changing investment that is Fever-Tree Drinks. I paid £2.11 in March 2015 for shares I sold for £36.52 in October 2018, as reported here at those times, to help to buy the coastal cottage on the Isle of Wight where I am sitting now. But the rump of Fever-Tree shares I still own have gone somewhat flat since then. This reminds investors that paper profits are all very well but we haven't really made a penny until we sell. Of course, this DIY investor could have stuck it all in a tracker fund after Richard Branson — as he was then — paid me to write about investing in funds that follow stock market indices 30 years ago. But I don't think aiming to be average would have taken this poor boy from a council flat when Kilburn was still a slum, to where I am today. Times change but the truth about pension planning and stock market investment remains much the same. Buying when confidence and prices are low is more likely to lead to wealth creation than waiting for perfection, and the sooner we start the better. But before you invest anything, consider carefully how you will feel when markets fall. That should reduce the risk of doing something silly, like selling after prices plunge. Investing little and often is safer than a lump sum because regular savings diminish the danger of bad timing or buying heavily before a fall. AJ Bell, Hargreaves Lansdown and Interactive Investor — Britain's biggest online platforms — all accept as little as £25 per month, without any commitment to continue. • Full disclosure: Ian Cowie's shareholdings Tax wrappers, such as Isas and pensions, allow us to place some of our savings beyond the grasp of HM Revenue & Customs. Make the most of both while you can because any imminent tax raids are unlikely to be retrospective. Pension perks or fiscal advantages have certainly become much less generous during the decades I have been benefiting from them. Which reminds me that, long ago at another newspaper, a senior colleague used to smirk about how boring he thought pensions were. To which I replied that they were not nearly as boring as poverty in old age was likely to be. Young investors have one big advantage over wrinkly rivals — time. None of us can opt out of growing older, short of doing something drastic, and the state safety net seems to be sagging lower as more folk fall into it. Sad to say, it might be even worse tomorrow.
The Independent
3 days ago
- The Independent
How to manage your finances if you're going to university this year
Embarking on university life is a thrilling prospect, often synonymous with a newfound sense of independence, particularly concerning personal finances. For many, this marks their initial venture into managing money, a task that can feel daunting amidst a constant stream of student bank account advertisements and extensive checklists for university essentials. While cultivating budgeting skills and financial responsibility is an invaluable life lesson, navigating this terrain alone can prove challenging. To assist students preparing for their higher education adventure, The Independent consulted Tom Allingham from the student money website Save the Student, who has shared his top financial tips. Pick the right student account ' One of the biggest mistakes new students make is not picking the right student bank account,' says Allingham. 'I think it's really tempting to go for one that has the most appealing freebie attached to it or stick with the bank you are already with, but actually the most important thing for most students will be the size of the interest-free overdraft attached to it.' While most student bank accounts offer an interest-free overdraft, the amount and terms can vary between banks. 'Some of them can offer as much as £1,000 or £2,000 more than a competitor,' highlights Allingham. 'The maintenance loan often falls short of living costs, so there's a good chance that students will need to dip into that interest-free overdraft at some point. Not necessarily to rely upon it, but to have it there as a safety net.' Don't blow your money during freshers' week 'When that first maintenance loan payment arrives, lots of students get over-excited and think 'o h my God, I have £3,000 sitting in my bank account – this is loads of money', then go wild during freshers' week and buy lots of thing s,' recognises Allingham. However, learning to budget will help it last the full term. 'Remember that it's meant to last you until the beginning of January,' says Allingham. 'That's four months of rent, four months of food and four months of bills.' All universities offer a range of scholarships and bursaries, but many of these go unclaimed. 'I would definitely advise all students to spend an hour or two online, searching for different funds that they might be eligible for,' recommends Allingham. 'If at the end of that hour or two, you come out of it with an extra £1,000 or £2,000 of non-repayable funding, that's probably going be the best-paid hour or two you'll ever have in your entire life. So, it's definitely worth looking at.' Have two bank accounts Setting up a second bank account could help with weekly budgeting. 'Get your student loan paid into your student bank account, which has the overdraft and certain perks attached to it, and then transfer over a set amount of money into a second bank account for weekly/monthly spending,' advises Allingham. 'I tend to advise students to go for an online bank provider such as Monzo or Revolut for this. 'Having a weekly or monthly spending pot will help you become much more conscious of your spending and tends to make people much more driven to stick to a budget.' Pack on the lighter side Don't rush to buy all the tech, textbooks and kitchenware straight away as you might not need it. 'With certain things, such as a laptop or books, if you don't think you'll need it absolutely straight away it might be worth waiting until you've enrolled, because then you can use your student discount,' says Allingham. 'With a lot of stuff, I would say potentially even consider not buying them at all and instead look at other options. For example, a lot of course textbooks will be available in the library for free.' A lot of department stores come out with checklists of university 'essentials' at this time of year, but they often encompass far more than you actually need. 'If you are in a shared house that has little storage space, you don't need six plates, six sets of knives and forks and three pans,' says Allingham. 'Pack a little bit on the lighter side and then it's easier to buy one or two bits that you might need later on.' Cook and buy food in bulk 'Cook six portions of lasagne, rather than one, and then chuck the rest in the freezer,' recommends Allingham. 'Then you will have meals there for whenever you want them and doing this will reduce the likelihood of you getting an expensive takeaway or a ready meal. It also prompts you to use all your ingredients instead of throwing them away.' Buying dried food in larger qualities also tends to be more cost-effective. 'One kilo of pasta is typically cheaper than buying two 500g bags. If you have the storage space, always try and buy bigger quantities of things.' 'Be open to suggesting cheaper activities,' recommends Allingham. 'Everyone's going to be tight on money, so if you do want to do something with people who've just met, why not suggest watching a film or something on Netflix. 'Don't feel like every night has to be a massive one where you have go out to an expensive bar, pay for entry and buy loads of drinks.'
