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Suggestions before the 3% rate gets worse
Frugaldom
Posts: 7,299
Forumite
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
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.
Original Frugal living challenge was living on £4000, but that's now equivalent to £6,845.15
Now frugalling towards retirement.
The less I spend, the more I can afford.
Original Frugal living challenge was living on £4000, but that's now equivalent to £6,845.15
Now frugalling towards retirement.
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Comments
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Halifax 7% AER fixed for 3 months?0
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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.
Original Frugal living challenge was living on £4000, but that's now equivalent to £6,845.15
Now frugalling towards retirement.0
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