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Is it still best to overpay into my offset or save elsewhere?
CLVI
Posts: 12 Forumite
Could I pick a few brains for advice please, we have an offset mortgage with Natwest currently at 4%, we manage to overpay into a linked savings account by £600 per month, but I think perhaps I would be better served by putting this money into a savings account such as the Barclays one Martin mentioned in this weeks email(6%)?
Or is the difference going to be so minimal its not worth the hassle
Thank you in advance for your advice:T
0
Comments
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Works out at £250pm max for one ywar so average £1500 @ 2% is £30.
LESS TAX.0 -
If OH is a non tax payer then the Barclays 6% regular saver will give you a better rate but not by much !
Have you got emergency savings ( in offset account ! )
Saving you 4% tax free on your mortgage so not bad.0
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