My local utility (BG&E) allows for a budget payment option that allows for consistent monthly bills. From time to time this results in a credit on the account depending on the time of year. This credit earns 0.5% interest per month, which by my math translates to an 6% APR. Any reason I couldn’t just prepay a large amount and earn that interest? Thoughts?
S
Best posts made by sambo1980
-
Prepaying utilities?posted in Finance