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Fixed rate until June EDF
Hi I’m after some advice, I’m currently in a fixed rate with EDF for gas and electricity until June 22…. Should I consider paying more for the next few months until then? I was astounded to see that my monthly direct debit is predicted to more double from June, based in the standard variable rates as they currently stand. I currently pay £104 and predicted monthly payment is £228! 😨
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Comments
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If you do want to pay a bit extra I would put it in premium bonds or a separate saving account don't give it to the energy company to earn interest on unless you wouldn't be able to stop yourself spending your savings.0
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How would you pay extra for the two payments in April and May. If you pay an additional 60£ both times that will give you an extra 120£ credit and would reduce your direct debit over the next 12 month by just 10£ per month.
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