Ovo energy - up to 5% interest for credit balance up to £1000

fatbelly

talexuser wrote: »

I just joined the 2 year fix after the MSE energy club BG deal finished, and wondered just how much I could over pay the DD to get the 3%.

You can change the DD via the website to pretty much anything you want to.

Malchester

I am with Tonik Energy and they too have interest on credit balance. They have excellent customer service and are the cheapest green energy company

fatbelly

Malchester wrote: »

I am with Tonik Energy and they too have interest on credit balance. They have excellent customer service and are the cheapest green energy company

Interesting. Yes, a flat rate of 3%

It appears igloo do the same

Reaper

Thanks for the Ofgen link Tracker, I wasn't aware of it. I used to be with Zest Energy and lost money when they went bust, so was wary of schemes like these, but that semi-guarantee looks reassuring

redux

For reasons as yet unknown, the energy deals MSE recommends have never been competitive in my supply area.

This includes Ovo now. 5% interest on £1000 isn't worth having if the tariff costs £60 more than several rivals.

talexuser

The difference is the Ovo deal is fixed for 2 years, and the marginally cheaper ones in my comparison only 1 year. I was with Ovo 2 switches ago and it was fine. Saving £30 a year with firms I've never heard of to give up the 2nd year fix at todays price was not worth it for me.

do163600

I've also switched to Ovo for the 2-year deal.

Don't forget, if your over-payment DD is from a Santander 123 account, you also get 2% cashback on top. Win-win.

silvercar

do163600 wrote: »

I've also switched to Ovo for the 2-year deal.

Don't forget, if your over-payment DD is from a Santander 123 account, you also get 2% cashback on top. Win-win.

:T

Didn't think of that, so 2% + 3% is looking good.:T Shame the limit is £1000. Now wishing I had set up the gas and electric separately to get interest on £1000 on each of them.

talexuser

do163600 wrote: »

if your over-payment DD is from a Santander 123 account

That's exactly what we do!