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Lloyds recommend a friend, earn up to £300

Have just seen the following on Money Extra website:

Recommend a friend, earn up to £300
Lloyds TSB has turned up the heat in the current account battle by offering customers who recommend their friends to the bank £30 cash for each one who switches, up to a maximum of ten friends, which would earn them £300.
Under the offer existing customers who introduce a friend to Lloyds TSB will earn themselves £30 for each referral, provided the new customer pays in at least £500 a month for 3 of the first 4 months the account is open. Customers can refer as many as 10 friends. As a welcome, their friend will also have £30 deposited into their new Lloyds TSB account.
As an extra incentive, those who switch to Lloyds TSB before October 9th and open a Plus account will receive 6.4% AER (6.22% gross variable) credit interest for 12 months, from the date the account is opened, on balances up to £2,500.
To qualify for the higher rate of interest that Plus has to offer, new customers simply need to pay in £1,000 a month. After the 12 month offer period ends, customers will earn 4.25%.
Customers can opt for Plus on nearly all Lloyds TSB accounts, including Classic, which has no fee, and the Select, Gold, Platinum and Premier added value accounts, which come with a wide range of benefits such as AA breakdown cover, travel insurance and mobile phone insurance for a monthly fee.
The £30 recommend a friend offer is available on all Lloyds TSB current accounts.

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