£100 offer to join the Club

A new £100 current account switching offer has been launched by Lloyds Bank.

Customers using the seven-day current account switch service to change to a new Club Lloyds current account or new Club Lloyds Platinum account will receive the cash within 10 days.

The Club Lloyds current account has no fee for maintaining it as long as people pay in £1,500 each month.

Those who pay in less are charged £3 each month.

People can also potentially earn in-credit interest of 0.6% on balances up to £3,999.99 and 1.5% on any part of the balance between £4,000 to £5,000.

The account also has various rewards, including cinema tickets, and cashback.