Anyone tried working their offset hard or know of any websites that go through all the tricks available. I had a quick search and I can only find the general benefits. I thought there would be something about really working it. Things like...
Balance transfers to credit card so delay payments coming out of offset account. Nationwide .75% offering for example.
Using 0% on purchase long term deals. Problem is you hit your credit limit before you make any good use of this? Maybe combined with balance transfer above could be worth it?
Balance transfers to current accounts (cash transfer) as pointed out by NWP2C recently but rates not amazing.
Getting SWMBO to use a credit card instead of a debit card to keep it in the account longer.
And particularly for contractors
Maximising directors loans to 10k
Using the loan facility and paying the 4% interest which works out a lot lower if you are looking at true cost.
Divii'ing out full amount at beginning of the year
and so on....
Anyone up to speed with all the options or knows a site that discusses this? MSE seem to be very general posts about it, nothing in enough detail to make it worth reading.
Balance transfers to credit card so delay payments coming out of offset account. Nationwide .75% offering for example.
Using 0% on purchase long term deals. Problem is you hit your credit limit before you make any good use of this? Maybe combined with balance transfer above could be worth it?
Balance transfers to current accounts (cash transfer) as pointed out by NWP2C recently but rates not amazing.
Getting SWMBO to use a credit card instead of a debit card to keep it in the account longer.
And particularly for contractors
Maximising directors loans to 10k
Using the loan facility and paying the 4% interest which works out a lot lower if you are looking at true cost.
Divii'ing out full amount at beginning of the year
and so on....
Anyone up to speed with all the options or knows a site that discusses this? MSE seem to be very general posts about it, nothing in enough detail to make it worth reading.
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