Egg anniversary question

Jon_S_4

I did quite a bit of stoozing last year, had about £16000 in my savings account from credit cards at 0% apr, i didnt earn as much interest as i thought.

The anniversary is here again and i could transfer £6000 from my egg card to my alliance and leicester premier savings account at about 5% gross.

My question is how much money would i make on £6000 at about 5% gross for 6 months ?

thanks

smartsaver

I make it about £150 before tax

Jon_S_4

thanks for the reply, i dont have to do much , so i guess its worth the transfer

thanks

HGLTsuperstar

Jon_S wrote:

I did quite a bit of stoozing last year, had about £16000 in my savings account from credit cards at 0% apr, i didnt earn as much interest as i thought.
How much were you expecting, that's a nice sum if you put it in a good rate account

The anniversary is hear again and i could transfer £6000 from my egg card to my alliance and leicester premier savings account at about 5% gross.
What about A&L online saver at 5.2% gross

My question is how much money would i make on £6000 at about 5% gross for 6 months ?
Go to https://www.whatsthecost.com and select the stoozing calcualtor. It works out your monthly repayments set against the interest being earnt over a period of your choice

Jon_S_4

Thanks for the link HGLTsuperstar, very helpfull

sly_dog_jonah

Of course you interest will be reduced slightly because you'll have to pay back the minimum payments over the offer period.

Jon_S_4

sly_dog_jonah wrote:

Of course you interest will be reduced slightly because you'll have to pay back the minimum payments over the offer period.

I wont make the payments from the £6000 transfered, will use current account for minimum payments and think of it as a way of saving, so when 6 months is up i should have a nice amount.