Balance Transfer Fee V's Offset Mortgage

edited 30 November -1 at 1:00AM in Stoozing: Free Cash from Credit Cards
6 replies 1.4K views
little_princesslittle_princess Forumite
124 Posts
Hi could anyone help me with this question? :confused:

I have tried to use the stoozing calculator to work out how much money I could save by stoozing 10K with a 3% balance transfer fee to pay. However as the money would go into my Offset Mortgage and not a Savings account, I'm not sure what calculation to use to work out the "Savings Account Pre-Tax Interest Rate" which would calculate my profit (or loss :eek: !!!)

Many thanks in advance.
My question may be simple...but please don't assume that I am :wink:


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