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!
pay off overdraft or save first?
Options
Comments
-
just had a look at the online banking statement and the interest amount paid out at the start of this month was £8.99DFW Total £21,800 to clear by Dec 2022
MFW Total £184,950 £179,066 to clear by 20350 -
So that £700 debt is costing you over £100 a year
Let's say you put the £700 pounds in Kaupthing Edge savings account at 6.5%. That will earn you around £40 (don't know tax facts so that's an estimate).
So pay off the overdraft!Do Something Amazing - Give Blood0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards