what is the interest rate for 0% transfer??

Milarky

fei wrote: »

Thanks for the reply. Yes, i have a offset mortgage (2.59% rate), more i have in the saving account, less interest i will pay. I am thinking about get some extra cash in.


If I make sure paying off the 0% balance transfer based on 3% transfer fee at the end of the term, is this still worth to do??? it seems 3% transfer fee is high than my mortgage rate.

No. You can't profit simply by offsetting @ 2.59% because the effective cost of 0% for 12 months with 3% fee is (assuming the average min payment of 2% of balance) is 3.36% as per the previous post.