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MoneySuperMarket offers boost for savers with exclusive current account switch incentive

8th June 2015 Print

MoneySuperMarket has launched an exclusive current account cashback incentive to those applying for the market leading TSB Classic Plus Account.

Until Sunday 28th June, those who apply for the TSB Classic Plus Account through MoneySuperMarket will benefit from an exclusive £100 cashback when using TSB’s switching service. Additionally the account offers a market leading in credit interest rate of five per cent up to £2,000.

Furthermore, savers who make the most of the £2,000 maximum limit could earn a potential £200 over the year when you include MoneySuperMarket’s exclusive cashback offer – £70 more than you would earn in the current best buy easy access savings account.

Dan Plant, consumer finance expert at MoneySuperMarket said: “Current accounts are increasingly chosen as a popular alternative for long suffering savers, and extra incentives such as cashback, to boost savings pots even further, are an attractive lure away from historically low-paying savings accounts.

“Especially while we’re in a period of deflation, savers really need to take advantage of the best rates available. Opting for a high in-credit interest rate current account, is a good way to make the most of your money, especially if you’re not in a position to tie up your cash in a traditionally higher paying fixed rate bond savings account.

“The average rate across the top five easy access accounts that are available to all is currently 1.40 per cent. When you compare that to the average top five rates on offer from the leading current accounts (4 per cent), savers who aren’t making the switch are losing out on an extra £52 a year in interest.”