TSB has announced it's cutting the interest rate on its Classic Plus current account from 5% to 3% this summer – and it's temporarily reviving its £75 switching incentive for those who refer friends ...

Customers switching to a TSB Spend and Save or Spend and Save Plus current account can now receive a £100 bonus, and £90 in cashback in the first six months of opening, plus a choice of two rewards.

The major UK bank is also currently running a monthly prize draw giving new and existing customers the chance to win a big brand tech bundle.

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