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22 February 2010

Reward Current Accounts and Student Loan repayments

Hi All, 2 quick questions: 1. Is it possible to open Reward Current Accounts in my name in *both* Halifax and Bank of Scotland? Or do they not function independently as far as rewards are concerned? 2. My student loan amounts to approx £15,000. The Student Loans Company's interest rat is 0% until Sept 2010. Do I: a) Pay as much as possible off, in installments, over the next few months; which I think is the better thing to do (Thankfully, I should be in the position to pay it all back by Sept) or b) Put the money I would have paid in installments in a savings account / bond to acquire a little bit of interest before paying it off when the interest rate rises come Sept 2010 (if it rises at all, that is); which one of my close friends thinks is the better thing to do. Or would it not make a difference whichever one I went with?!? Thanks

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