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The amount of interest you’re charged is likely to be a lot more than what you earn in interest on savings.
Paying off £2,000 on a credit card attracting 18.9% APR (with 2.5% minimum repayment) would save you £349 a year while stashing £2,000 in a savings account earning 1.5% would earn you £30 over the same period.
Stoozing was popular a few years ago when saving rates were high.
Don’t make the mistake of saving while you’re still paying off expensive debts – you’ll be throwing your money away if you do.Dance Deewane 24th August 2019 Full Episode 22 By Colors Tv, Indian Drama Serial Dance Deewane Complete Show Full Episodes. Our guide contains 50 money-making ideas, including clever ways to make cash online, by using your home or by using the money you already have.They can offer more favourable rates to both sides compared with traditional banks because of lower overheads.However, there is a bigger risk of losing some of your investment through a borrower defaulting on their loan.