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Massively in credit
Comments
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What? As long as it's not a supplier that pays interest then it's certainly NOT "money in the bank". It's money in a private company's pockets who then use it to enrich their shareholders. Energy companies are not charities!Flight3287462 said:Treat as money in the bank, you don't want to be scraping around for money next winter.
Get it all out, put it in your OWN bank, and make some interest on it. Keep it accessible for when winter or higher cost periods hit. Don't be stupid and spend it. Simple as.2 -
OP has said they are with ovo. ovo pay between 3-5% interest on balances depending on how long you have been with them. that's more than most of the savings accounts recommended by MSE.BobT36 said:
What? As long as it's not a supplier that pays interest then it's certainly NOT "money in the bank". It's money in a private company's pockets who then use it to enrich their shareholders. Energy companies are not charities!Flight3287462 said:Treat as money in the bank, you don't want to be scraping around for money next winter.
Get it all out, put it in your OWN bank, and make some interest on it. Keep it accessible for when winter or higher cost periods hit. Don't be stupid and spend it. Simple as.Almost everything will work again if you unplug it for a few minutes, including you. Anne Lamott
It's amazing how those with a can-do attitude and willingness to 'pitch in and work' get all the luck, isn't it?
Please consider buying some pet food and giving it to your local food bank collection or animal charity. Animals aren't to blame for the cost of living crisis.0 -
For that amount in credit I'd be wanting it in my account not theirs.
Set up a separate bank account just for this and if needed you can pay (top up) your DD with this money.
I intend to do this when the crunch comes in October, only have around £100 credit built up thus far, with them. It all depends what comes in October, I've got my own pots of money just for bill payment, on a variable tariff with Eon.0
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