The taxed savings seem to me to be a no-brainer; putting (some of) that money into the offset effectively earns you your mortgage rate of interest, tax free, not to mention reducing your monthly minimum payment.

The cash ISAs are a harder call; taking them out of the ISAs would mean you have to start again from scratch should you decide later that you do want some ISA savings once more. That said, a 2.19% difference in interest on 28K is 613 per year; that will add up quite favourably over the remaining term

The kiddy savings accounts are also difficult; if they're in your childrens' names, you might find it difficult to access them.

In these troubled times, do also bear in mind the 50k FSCS compensation limit per banking group - make sure that your savings are diversified.

Hello

My wife and I have an Abbey flexible plus mortgage of 134K with 12 years to run, at current rate of 5.49%.

A joint account with Abbey with a balance of 45K earning 2.5% interest

Easy cash ISAs of 28K earning 3.3% tax free. And Flexible saver accounts for our two children earning 4.4%.which are also tax free and contain 20K

Considering that my Kids are going to get it all one day!

Would we better of transfering say 30k from our bank account. The 48K isas and savings into the offset area of our mortgage to save on the interest payments and shorten the term of the mortgage?

What would you recommend.

Regards

Goldfinger