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Dilemma!

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Comments

  • moohound
    moohound Posts: 1,209 Forumite
    Debt-free and Proud!
    2000 x 1.05 =£2100 so £100 interest :)

    sorry cross posted along with eskbanker :) see replies above, but the maths is the same :)
    ISA £1675 :DMiniMoohound savings £3685.86 :T Plus £3800 CTF :)
    'MrMoneyMuststache' my new hero, Martin Lewis my long time hero
    Poacher turned Gamekeeper
    Roadkill rebel No 52 Aug £1.34p Sept 24p Oct 5p Nov 5p Sealed pot Challenge No 403 £176.66(2014) :staradmin NOV NST No 20
  • chrisfreelander54
    chrisfreelander54 Posts: 448 Forumite
    Part of the Furniture Combo Breaker
    PlymouthMaid wrote: »
    I have just cashed in Premium bonds to clear my credit card as the amount I am paying in interest is the same as what I win each month and of course if I don't win then I am going backwards. Thinking about the suggestion to move PBs into savings accounts, am I missing something as I make 5% of £2000 a measly £1 a year in interest so doesnt seem worth it. Where have I gone wrong?

    £2000 in a TSB Plus account will make about £6 per month if you are a lower rate tax payer.

    Chris
    YNAB is my new best friend. :)
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Eighth Anniversary 10,000 Posts Debt-free and Proud!
    eskbanker wrote: »
    Edit: must stop posting in this thread - every time I do, someone beats me to the same answer!

    Fastest keyboard in the West. ;)
  • PlymouthMaid
    PlymouthMaid Posts: 1,550 Forumite
    Seventh Anniversary Combo Breaker
    Hah hah thanks all, what a daft mistake i should know better.
    "'Cause it's a bittersweet symphony, this life
    Try to make ends meet
    You're a slave to money then you die"
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