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Thankyou for your reply.
I don't think so. This rate is fixed for first 12 months and then reverts to 1% gross p.a./ AER variable afterwards.
Thanks to everyone for your suggestions. I shall stay as I am.
Why not take 5% for 12 months? You can consider your options when the 12 months deal comes to an end.
Your options:- 0% on £2,500 for the next 12 months = £0.00
- 5% on £2,500 for the next 12 months = £122
Your choice?
Even if your balance isn't a permanent £2,500, it is good practice to use an interest paying current account.0 -
It's not clear what the OP deposits into the account.Why not take 5% for 12 months? You can consider your options when the 12 months deal comes to an end.
Your options:- 0% on £2,500 for the next 12 months = £0.00
- 5% on £2,500 for the next 12 months = £122
Your choice?
Even if your balance isn't a permanent £2,500, it is good practice to use an interest paying current account.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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