Quote:
Originally Posted by Rathji
I would always be fixed, since you can always lower your rate to the current rate.
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When you're paying less for utilities in the summer months on the floating rates i'd be willing to bet the majority of people locked into fixed rates don't want the hassle of changing back. This is likely how they make all there money on easy max.
Also don't you need to give 60 days notice to change? No denying the fixed is a savings right now but there's got to be stipulations on canceling as far as giving notice etc.
Its still a rip off either way you go when you're paying large percentages of your bill to service fees and admin charges.