Bank question

[loltim]

If you have a £1000 interest free overdraft and often take advantage of it, but have a couple of grand in your online savers account with the same bank, does the bank have any right to "have a word" with you or send letters etc?

 

[mctiny]

If you have a £1000 interest free overdraft and often take advantage of it, but have a couple of grand in your online savers account with the same bank, does the bank have any right to "have a word" with you or send letters etc?

doubtful they would moan about it.

Mine never did when I had a few thousand in a savers and overdrawn in the main account, was like it for about 3 years.

 

[loltim]

Thanks. I ask because I'm often "topping up" my current account using the savers account because I try and keep my current account at £0 so i've always got 100% of my money in the savers account, making maximum interest. My wages are transferred to the savers account as soon as I get paid.

But I was thinking, why bother topping up if you've got an interest free overdraft? you're losing money by taking it out the savers account (not much I know) So whats from stopping you putting your full £999 overdraft into your savers account?

Just thinking... Couldn't you use the £1000 or so overdraft at 0% and wallop it in a high savings interest account to make money from it?

You read my mind dammit