TSB Bank has launched a new Dream Fund Prize Draw, giving customers the chance to win up to £10,000 in cash ahead of Christmas. The draw features 430 cash prizes for account holders, with five winners set to receive the top prize of £10,000, 50 winners receiving £250 each, and a further 375 winners taking home £100 each.
How to enter the TSB prize draw
To enter, customers must transfer £5,000 or more from another bank into an eligible TSB personal current or savings account. All of the bank's personal current accounts are eligible, as are most of its savings accounts.
The only excluded savings accounts are the Monthly Saver, Matured Funds, Young Saver, Young Saver Passbook, and Junior Cash ISA. Funds must arrive in the eligible TSB account before midnight on November 30, and the balance must remain in the account until at least December 1.
Deposit requirements and entry rules
The deposit must be made in a single transaction of at least £5,000, as multiple smaller deposits that add up to the required amount will not qualify. Every qualifying deposit of £5,000 counts as one entry into the draw, meaning the more you deposit, the greater your chances of winning.
For example, depositing £10,000 earns you two entries, while £20,000 earns you four.
Other cash offers from banks
If depositing £5,000 is not feasible at the moment, there are plenty of other high street banks offering cash rewards. Barclays is offering up to £300 to customers who complete a switch, have three active Direct Debits, and receive a qualifying income of £2,000 or more.
Santander is offering £240 to customers who switch to its fee-free Everyday Current Account. To qualify, customers must complete a full switch with two qualifying household Direct Debits, pay in £1,500, and deposit £200 into a linked Santander Regular Saver within 60 days.
HSBC is handing £220 for switching to its fee-free Bank Account. You must complete the switch with two Direct Debits, pay in £2,000, and spend £500 on your debit card within 60 days.
Lloyds Bank is offering £200 for switching to its Club Lloyds account, which costs £5 a month unless you pay in at least £2,000 each month. To qualify, you must switch from another bank with three active Direct Debits. NatWest is offering £200 for switching to its Reward or fee-free Select account, requiring you to complete your switch online, pay in £1,250, and log in to the mobile app within 60 days.
Nationwide is offering £175 for switching to its FlexDirect, FlexAccount, or FlexPlus accounts. You must complete a switch with two Direct Debits within 28 days, pay-in £1,000, and make one debit card payment within 31 days.
