We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Fixed rate until June EDF
Options
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! 😨
0
Comments
-
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
-
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.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards