TSB launches monthly 'dream fund' prize draw with £72,500 in cash prizes
Bank to award 155 cash prizes, including five £10,000 payouts, to customers who deposit £5,000 into eligible accounts
TSB has launched a new monthly "dream fund" prize draw that will hand out a total of £72,500 in cash prizes across 155 winners, the bank said.
The prize pool includes five £10,000 prizes, 50 prizes of £250 and 100 prizes of £100. The draw is open to new and existing TSB customers who deposit a minimum of £5,000 from an external bank account into an eligible personal current or savings account. Customers must be over 18 and resident in the U.K. to qualify. This is Money first reported the offer on Sept. 9, 2025.
TSB said customers will receive one entry for each £5,000 deposited in a single transaction; multiple entries are possible if larger single payments are made (for example, a single £10,000 deposit would earn two entries). Partial amounts below £5,000 do not count, and sums transferred in separate payments that total £5,000 will not qualify. Funds must originate from an external bank account rather than another TSB account.
The bank excluded its TSB Monthly Saver Account and Matured Funds Account from eligibility. For the September and October draws, three winners each month will also be offered the chance to win a holiday for two to Toronto and Niagara Falls or receive £300 in Red Letter Day vouchers, TSB said.
TSB said the prize draw will run monthly until the end of December and that there will be at least 28 winners each month. The bank added that customers will be automatically entered into the draw when they make a qualifying deposit by the stated deadlines.
Surina Somal, TSB's everyday banking director, said the bank is "always looking for ways to reward our customers – and our latest exciting prize draw does just that." The launch comes after TSB's £310 switching offer for customers who moved accounts through the Current Account Switch Service ended this week.
This promotion follows a growing trend among U.K. banks and financial services firms using prize draws and switching incentives to attract and retain current account holders and savers. Prize-linked savings and time-limited switching bonuses have been used in recent years to boost inflows to current accounts and deposit balances. Customers should read the bank's full terms and conditions on eligibility, account exclusions and entry mechanics before participating.
TSB said customers who wish to participate must ensure qualifying deposits are made from an external bank account into any eligible personal current or personal savings account and that promotional and account terms apply. The bank did not disclose dates for the specific monthly draws in its initial announcement beyond saying the programme will continue through December.
Readers seeking to enter the draw were directed to TSB's website for full details and to confirm account eligibility and deadlines.