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offset mortgage v new savings

Last post Thu, Nov 20 2008, 7:12 PM by dan1. 1 replies.
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  •  Thu, Nov 20 2008, 7:12 PM

    Re: offset mortgage v new savings

    hi all

    would really appreciate if anyone has any advice out there

    cheers

    • Post Points: 5
  •  Tue, Nov 18 2008, 10:25 PM

    offset mortgage v new savings

    hi

    i currently have an offset mortgage of £70,000 with savings of £50,000. With the base rate cut, the interest rate on the mortgage has now been reduced to 3.69%. I am just wondering whether, with the base rate cut meaning that the interest rate on my mortgage is now very low, is there a savings account out there that would work my £50,000 savings harder. I am a higher rate tax payer.

    Many thanks guys

    • Post Points: 5