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one account
simonor
Posts: 3 Newbie
iam thinking of setting up a "one account"
can anybody let me know the pros and cons and is it worth my time and effort
many thanks
can anybody let me know the pros and cons and is it worth my time and effort
many thanks
0
Comments
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have a look at the sticky thread on offset mortgages on the mortgages board.
Basically if you are disciplined and if you have some savings then its worth doing. It means you pay less interest on your mortgage because of the savings and balance you hold in your one account. The interest rate is not the best mortgage rate around, hence the suggestion that you need some savings to make it worthwhile. If you can get your head round the idea of having your mortgage and current account combined it can work for you.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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