Major bank launches deal with £175 paid into accounts in 3 days - see benefits on offer
One of the UK's largest high street banks has launched an offer which promises to pay £175 cash within three days.
Anyone wanting to switch their current account is being wooed with a best buy deal from Lloyds Bank.
The high street giant is promising savers who switch their main banking to its Club Lloyds current account £175, which will be paid into the account within three days.
The offer, which starts roday (February 18) and lasts until April 1, comes with exclusive offers as well as a regular savings account - the Club Lloyds Monthly Saver which pays interest of 6.25%.
Customers can switch using the Lloyds bank app or online.
Andrew Hagger, a personal finance expert at Moneycomms, told ThisIsMoney the account was a decent deal, as long as customers met the £2,000 monthly income criteria, as those who don not pay that amount will be charged a £5 monthly fee.
Haggers said: "The Club Lloyds Platinum and Club Lloyds Silver are packaged bank accounts and come with monthly fees of £22.50 and £11.50 respectively. Just make sure you'll make good use of the benefits on offer with these accounts otherwise it may not work out good value."
Club Lloyds customers, including Club Lloyds Platinum and Club Lloyds Silver accounts, can choose from a range of lifestyle benefits, including a 12-month subscription to Disney+, a choice of Vue or Odeon cinema tickets, a magazine subscription, or a digital Coffee Club and Gourmet Society membership.
The accounts also come with CEveryday Offers, providing cashback when shopping at select retailers and savers can also sign up to Save the Change when using a debit card.
Mortgage customers also benefit from a 0.20% discount off the initial mortgage rate when a Lloyds mortgage is agreed and can access preferential exchange rates when ordering travel money with Lloyds.
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A Disney+ subscription costs between £4.99 and £12.99 per month depending on the plan you choose, so savers who switch could save nearly £156 a year.
Vue cinema charges up to £11 a ticket - while savers who keep their account in credit can earn £90 credit interest worth 1.5% on balances a year.
The £3 monthly fee is wavied if a customer pays in £2,000 or more into the account.
Anyone swithing current account is advised to shop around as different accounts may be suitable.
