The TSB Classic Plus Account already offered a top rate of interest, and will now pay you 5% cashback on certain debit card spending.
TSB has revamped its market-leading Classic Plus Account to include a new cashback offer.
You can now get 5% cashback on the first £100 of contactless debit payments made from your Classic Plus Account each month until the end of 2016, as well as 5% interest on the TSB Monthly Saver account. The new perks come just in time for the new £30 contactless spending limit.
This ‘added plusness’ could potentially earn you up to £238.82 over the course of a year.
[SPOTLIGHT]As ever, you get 5% interest on the account on balances up to £2,000. What's more, this rate won't drop off after a year. To qualify you need to pay in a minimum of £500 a month, ad register for internet banking, paperless statements and paperless correspondence.
The best bank accounts for cashback
There are a few current accounts which will offer you up to £150 cashback just for switching. The Co-operative Bank will give you £100 plus £25 to the charity of your choice if you sign up to its Standard Current Account or the Current Account Plus. Just be aware that some banks will require you to switch through the Current Account Switching Service to get the cashback.
First Direct will pay you £125 to take out its 1st Account, while Halifax will pay you £100. Clydesdale and Yorkshire Banks will hand over a whopping £150!
Others, like the M&S Bank Current Account, will give you a £100 M&S gift card for switching to one of its current accounts.
The Santander 123 Current Account is a cashback account that works rather differently. It gives you up to 3% cashback on certain direct debits, as well as up to 3% interest depending on your balance.
For a comprehensive look, find out more over at The best bank accounts for cashback.
Go for high interest
If it’s interest you’re after, the Nationwide FlexDirect Account pays 5% interest on balances up to £2,500 for the first 12 months.
The Tesco Bank Current Account pays 3% on balances up to £3,000, the Bank of Scotland Classic Current Account with Vantage pays 3% on balances between £3,000 and £5,000 and Lloyds Bank pays 4% on balances between £4,000 and £5,000.
Compare even more high interest current accounts with loveMONEY
More on banking:
Contactless card spending limit rises to £30
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Clydesdale and Yorkshire Banks launch longest-ever 0% purchase credit card