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!
Money Transfer
Options
Nebulous2
Posts: 5,672 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
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards