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I have 10k for 8 months - what to do?

irish_eyes_3 · 2008-11-05 10:03:53

I have paid off my cc debts over last 2-3 years so no cc debt. MBNA called me to offer me up to 10k interest free until July 2009 with £300 handling fee. If i could invest it wisely for these 8/9 months and make at least £300 I will break even, anything more and its worth my while. Any ideas where to put the money to…

Comments

Reaper Posts: 7,357 Forumite

5 November 2008 at 5:02PM

There is one other option - if you happen to have a an offset mortgage you can offset it for 8 months. The interest rate is likely to be higher than a savings account and the money saved would be tax free.

That is really the only effective way to do stoozing (getting 0% money from credit cards and saving it) these days.

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