Ovo Savings

[planteria]

i recall reading elsewhere that people were using Ovo Energy for savings, by overpaying their gas and electricity bills.. apparently the overpayments were generating 4% interest. anyone here doing that? or has done in the past?

[parchedpeas]

Not with this one, but if you've got a Santander Ena Dio Tria account and your energy supplier allows you overpay by DD and then refund, then there is a pretty straight forward way to game the system to at the very least cover your £5 a month fees.

[parchedpeas]

Just looked, and it could be this...

https://www.ovoenergy.com/ovo-answers/t ... eward.html

[planteria]

i like it pp
and thank you for the link.. so it's at 3% nowadays. and limited to £1k

[pabenny]

And presumably only possible if you use Ovo for your energy. Maximum interest of £30 per year could easily be swallowed up by higher tariffs.

[kevinchess1]

YEs that would be my concern.
But if your someone like planteduim, lives in a tiny bedsit with only 1 socket and a kettle, might be worth doing

[planteria]

yes.. if the terms were right i would look at Ovo for energy, and their rates are not bad. if i could have hit it hard, i would have done. not for £30.