Money Monday (02 Feb): Two big bank switches (£255 + £250) + easy freebies 🛒

This is the “do a few basics, get paid” kind of switch: £150 upfront, £50 later, plus £5/month cashback for 6 months (if you meet the card-spend condition) and a £25 Amazon voucher. That’s a total of £255, even more lucrative than last week’s First Direct offer! 

To qualify, you need to switch into TSB Spend & Save via the specific link below, then pay in £1,000+ once, log into the mobile app, and do 5 debit card purchases for the £150. You also need to pay in £1,000+ again in April for the extra £50. 

Gotchas: The £5/month cashback needs 20+ debit card payments each month, so it’s easiest if you split a couple of supermarket shops into smaller payments. The Amazon voucher is emailed and must be claimed within the stated timeframe. 

If you want a simpler “switch and done” option (with a tight deadline), this is the cleanest one.

Lloyds is paying £250 if you switch to Club Lloyds / Club Lloyds Silver / Club Lloyds Platinum. It’s a straight cash bonus and one of the top payouts on the market right now. 

To qualify, your switch needs to include 3 active Direct Debits (so pick three small ones you already have, like charity DDs, broadband, etc.). 

Gotchas: The offer ends 3 February 2026, and monthly fees may apply on Club Lloyds-type accounts (but can be waived if you pay a minimum of £2,000 each month, check the page for the exact rule). 

If you’d rather save money monthly than chase a one-off bonus, this one’s a solid “easy win” if you’re switching energy anyway.

If you (or a friend/family member) switch a home to Octopus using a referral link, both of you get a £50 energy credit (or £100 for referring a business or charity). That’s real money off bills, not points. 

To qualify, the new customer needs to use the referral link during sign-up (don’t do it afterwards and hope it’ll be added, it usually won’t). 

Gotchas: This is designed for new switches (not just “I moved into a property already on Octopus”). Also, expect the credit to land after the switch completes, not instantly. 

If you buy supermarket or high-street gift cards anyway, this is a nice “set-and-forget” cashback layer people keep recommending.

JamDoughnut gives cashback when you buy gift cards for everyday places (supermarkets, chains, etc.). If you join with a referral code (plenty of them floating around on r/beermoneyuk), you can get a ~£3 welcome bonus after your first gift card purchase, then it’s just ongoing cashback on things you were buying anyway. 

To qualify, download their app, sign up, and buy your first gift card (even a small one) — the bonus is typically triggered by that first purchase. 

Gotchas: You usually need to build up to a minimum cashout threshold before withdrawing, and referral/bonus rewards are typically one per user (no endless looping).

If you want a genuinely low-effort freebie/discount hunt, this is the best single page to check once a week.

MoneySavingExpert keeps a regularly updated list of supermarket coupons and cashback freebies, including things like a free £3.50 Fuel10K protein bowl (you have to buy in-store and upload a receipt to get cashback). 

To qualify, typically, you buy the exact product listed, then upload a photo of your receipt to the relevant cashback platform/app to reclaim the cost. 

Gotchas: Don’t make a special trip (stock varies, and it’s up to stores whether they accept certain coupons), and some offers have tight end dates or cashback caps, so always check the specific deal page before you buy.