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OVO no longer giving interest on credit balances
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from February OVO will no longer be giving interest on credit balances
however they say you can ask for a refund of any credit on your account provided you leave one month's direct debit credit balance
it is nice to see an energy company quantifying the amount of credit balance they would like you to have
however they say you can ask for a refund of any credit on your account provided you leave one month's direct debit credit balance
it is nice to see an energy company quantifying the amount of credit balance they would like you to have
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I wonder if that would count as a material change sufficient to leave a fixed contract early? (Speculating as my folks are fixed with OVO until July but I'm trying to convince them to join me at Octopus).I'm not an early bird or a night owl; I’m some form of permanently exhausted pigeon.0
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Unlikely it would count as a material change, it’s in their t&c’s that they can change the interest reward whenever they want, including withdrawing it.ArbitraryRandom said:I wonder if that would count as a material change sufficient to leave a fixed contract early? (Speculating as my folks are fixed with OVO until July but I'm trying to convince them to join me at Octopus).I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.1 -
Read the contractual terms both parties have signed up to. Material changes are generally well covered in English Law.ArbitraryRandom said:I wonder if that would count as a material change sufficient to leave a fixed contract early? (Speculating as my folks are fixed with OVO until July but I'm trying to convince them to join me at Octopus).0
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