We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 <b>Have you signed up to the Forum's <a href="https://forums.moneysavingexpert.com/discussion/6612556/new-feature-get-sent-trending-forum-threads-by-email?utm_source=banner">new Email Digest</a> yet? </b>Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Money Transfer
Nebulous2
Posts: 6,058
Forumite
I've just dipped a toe into the stoozing pool, in the first time for years.
MBNA offered me a MT at 3.5% for 18 months. I took £5k, just before the Bank of England base rates went up. It's currently sitting in Chase, which has just announced a rise to 3.8% It will then be used to fund regular savers. I have 5 at 5% or over, with staggered dates, the first one maturing in mid-October.
They were becoming a drag on my resources, as I am running out of income to fund them all....
Anyone else taking a fresh look at stoozing?
MBNA offered me a MT at 3.5% for 18 months. I took £5k, just before the Bank of England base rates went up. It's currently sitting in Chase, which has just announced a rise to 3.8% It will then be used to fund regular savers. I have 5 at 5% or over, with staggered dates, the first one maturing in mid-October.
They were becoming a drag on my resources, as I am running out of income to fund them all....
Anyone else taking a fresh look at stoozing?
0
Comments
-
Barclays are offering me a MT for 11 mths at c. 2.5% fee (don't remember exact figure).
I was put off initially by the short period but I may think again.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.9K Mortgages, Homes & Bills
- 179K Life & Family
- 263.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards