TSB has today launched a new rewards portal offering customers discounts and savings across a range of shops and services.

From Samsung, Halfords and Vue Cinema to 20 percent off at The Body Shop online, the new portal comes as part of TSB’s efforts to “offer customers more” with the success of its recent partnerships.

The portal, My TSB Rewards, will be available to customers in the TSB Mobile Banking app and Internet banking.

Aruna Bhalla, head of partnerships and openbBanking at TSB commented: “We’re always looking to offer our customers more and with the success of our recent partnerships, we’re now adding a growing number of brands to our new rewards portal – which ensures there’s something for everyone.

“And by introducing this before Christmas, customers can start taking advantage of the discounts and offers available.”

The new offers in My TSB Rewards include:

• 10 percent off at Samsung on home appliances, TV and monitors
• Up to six percent off at lastminute.com
• 20 percent off online at The Body Shop
• Eight percent off online at Halfords
• Up to 45 percent off at Vue cinemas
• 25 percent off large and giant cards at Moonpig.com
• 15 percent off The Fragrance Shop online orders
• Up to 22 percent off all Fitbit devices.

TSB noted that more offers are being added “all the time”. My TSB Rewards builds on a range of provider offers that have already been introduced to customers, including Wealthify, ApTap, Snugg, Booking.com and others.

At present, customers will be able to access all the new offers by clicking on the existing TSB Marketplace button in the app.

The My TSB Rewards branding will be fully rolled out to all TSB customers and available via Internet Banking over the next few weeks.

TSB customers also have access to competitive savings accounts, such as its Regular Monthly Saver offering an Annual Equivalent Rate (AER) of six percent. Customers can save between £25 and £200 over a 12-month term, and interest is paid on maturity.

The Bank also offers interest rates ranging from 4.6 percent to 4.8 percent on fixed savings accounts.

New research by Shawbrook Bank found two in five savers (40 percent) don’t know how much money they’re earning – if any – on their savings. More worryingly, almost a quarter (24 percent) of savers are earning two percent or under whilst the average rate for an easy access account currently stands at 3.18 percent.

Adam Thrower, head of savings at Shawbrook said: “Given that the Bank of England says it expects inflation to continue to fall to around 4.5 percent by the end of 2023 and keep falling throughout 2024, it’s reasonable to assume that interest rates on savings are perhaps as good as we’re going to get if those predictions remain.

“If you don’t know what you’re earning on your savings, it’s likely you aren’t earning much and therefore you could be losing out on hundreds of pounds. Move your money now before it’s too late.”