Ovo Savings

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Ovo Savings

Postby planteria » Tue Feb 21, 2017 11:21 am

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?
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Re: Ovo Savings

Postby parchedpeas » Tue Feb 21, 2017 4:32 pm

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.
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Re: Ovo Savings

Postby parchedpeas » Tue Feb 21, 2017 4:33 pm

Just looked, and it could be this...

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

Postby planteria » Tue Feb 21, 2017 5:00 pm

i like it pp :thumbup:
and thank you for the link.. so it's at 3% nowadays. and limited to £1k :think: :thumbdown:
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Re: Ovo Savings

Postby pabenny » Tue Feb 21, 2017 5:33 pm

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.

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Re: Ovo Savings

Postby kevinchess1 » Tue Feb 21, 2017 11:58 pm

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 :?
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Re: Ovo Savings

Postby planteria » Wed Feb 22, 2017 8:36 am

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.
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