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Suggestions before the 3% rate gets worse

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I'm just wondering where stoozers stand on this recent rate cut.

As a tax paying, small time stoozer, is it still going to be worthwhile holding the funds if rates keep dropping? Some of the BT fees were 3%, which means I need at least 3.75% gross interest just to break even on those. As a small time stoozer who doesn't have enough 0% time left to lock funds into a 7% + account for a full year, I'm looking before I leap in the hope of keeping out of trouble. Any helpful suggestions gratefully received, thank you :)
I reserve the right not to spend.
The less I spend, the more I can afford.


Frugal living challenge - living on little in 2025 while frugalling towards retirement.

Comments

  • jdavtz
    jdavtz Posts: 88 Forumite
    Halifax 7% AER fixed for 3 months?
  • Frugaldom
    Frugaldom Posts: 7,136 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    jdavtz wrote: »
    Halifax 7% AER fixed for 3 months?

    Thanks for that! I've used ICICI for the past while, but keep seeing little warning signs that are making me a bit wary.
    I reserve the right not to spend.
    The less I spend, the more I can afford.


    Frugal living challenge - living on little in 2025 while frugalling towards retirement.
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