My HELOC interest rate is 3.49%. My savings is 4.5%. Why not transfer my HELOC into savings for the 1% gain?

Other than forgetting to pay off my HELOC at the end of the first year (initial year is 3.49% for HELOC), what are the downsides to this?

If I do $50k, that's a $500 gain. Not much, but am I missing anything?

Submitted October 02, 2024 at 12:01AM by Sufficient_Error1179 https://ift.tt/E8AuvjM