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Money Transfer
Nebulous2
Posts: 5,798 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
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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
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