Interest Charges For 0% Deal (Taking money and saving)

leicsmarkyr

My card company have offered me 0% for 5 months with no fee. I have a card limit of £5400.

Now if I was to take it and put into a saving account what sort of interest would I likely gain from it. I can clear my balance off that I have now (use it for the cashback deal).

YorkshireBoy

Plug your numbers into the stoozing site's calculator here...

www.stoozing.com/calc.htm

Just out of interest, how are you going to get the money off the card?

Do you fully understand what you're doing (not an insult...more "do you need any help?" )

You probably won't get the full 5 months, due to start up/shutdown delays, so suggest you knock a month off when using the calculator.

leicsmarkyr

YorkshireBoy wrote: »

Plug your numbers into the stoozing site's calculator here...

www.stoozing.com/calc.htm

Just out of interest, how are you going to get the money off the card?

Do you fully understand what you're doing (not an insult...more "do you need any help?" )

You probably won't get the full 5 months, due to start up/shutdown delays, so suggest you knock a month off when using the calculator.

Thanks for that - works out about £80 based at 4months. Yes I know what I am doing, I work in teh credit card business in IT so understand the full ins and outs.

It would be transfered into my current account; have checked and this can be done.

NickX

Please could I ask who the Card Provider is that has offered you this deal ?

Thanks in advance.

leicsmarkyr

NickX wrote: »

Please could I ask who the Card Provider is that has offered you this deal ?

Thanks in advance.

Leeds Building Society - card is provided by Morgan Stanley/Goldfish/Barclays. Whatever they want to call themselves these days