ikorodu
Member of DD Central
Posts: 75
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Post by ikorodu on Feb 9, 2015 20:54:02 GMT
I'm sure many will have seen the concept of stoozing where you get a credit card maxed out on 0% deal and put the money in a 3% current account there by getting interest and making some free cash.
Has anyone tried the same with rate setter?
At the moment you can get loans for £15k for 5 years with m and s bank for 3.6%. If you matched that on the 5year market at 6.2% my sums say you'd have made £1000 after the 5 years. Maybe a bit more if you reinvest the residual £17 a month.
Clearly not going to retire on it but I thought in interesting nevertheless.
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Feb 9, 2015 21:08:40 GMT
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ikorodu
Member of DD Central
Posts: 75
Likes: 9
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Post by ikorodu on Feb 9, 2015 21:58:10 GMT
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