Reader TTS

TSB is a familiar name on Britain’s high streets, with millions flocking to the provider each year to manage their money in a safe way. The launch of the new current account, then, signals

another option for Britons to consider when looking for ways to save, particularly amid the COVID-19 crisis. The ‘Spend and Save’ current account has a number of features intended to help

people in their money saving journey. “We know that now, more than ever, our customers want us to make it easier for them to manage their money, so the variety of features available should

help them feel more money confident.” Current accounts provide people with the opportunity to keep their money both safe and manageable. As the Money Advice Service explains, current

accounts allow individuals to receive regular payments, while paying for items with a debit card, and additionally setting up direct debits for more regular expenses.  Incentives vary from

account to account, but cashback or monthly bonuses are familiar perks at a number of banks. TSB also offer a wide range of other current accounts, including the Classic Plus, which offers

1.50 percent interest, and a student account, offering five percent interest.  Halifax, similarly for customers using the official switching service, has offered a limited time offer also

offering £100 to those switching to a Reward Current Account or Ultimate Reward Current Account. And Metro Bank is offering its existing customers up to £250 by encouraging friends to open

an account through its ‘Refer a Friend’ scheme. These customers can earn £50 for every friend that switches, up to five friends, incentivising people to switch to the newer provider.  Those

who are opening a current account are advised to consider the options at hand, and how they wish to manage their finances When switching, however, using the official Current Account Switch

Service can assist, as it is backed by a guarantee meaning Britons will get refunds on interest and charges on accounts if anything were to go wrong.