I
imamartian
mathematically speaking, if i have a £100k mortgage charging 3%, and a savings account paying 4%, am i better off putting my £100 bingo win into my savings or overpaying my mortgage?
I'd keep that one quiet mate, where did you find it?
If they are true APR's, then save your money.
If that 4% is before tax their will not be a lot in it, need to know what rate of tax you are paying, to be accurate.
If that 4% is before tax their will not be a lot in it, need to know what rate of tax you are paying, to be accurate.
I
imamartian
I'd keep that one quiet mate, where did you find it?
ing direct.... for new customers... (i hope that's not classed as advertising)
I
imamartian
what if i'd won £10k on the bingo.... would that change things?
No, it does not matter how you came by the money.
If ING are offering 4% on £10k, then that will be taxed at the rate of tax you pay.
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