Mini cash ISA linked to offset

Supernova

Cheers JD.

Well, it's just that the £27K in the ISA ideally shouldn't be touched at all whereas ordinary savings can and maybe forgoing £200 interest a year is worth it for greater returns on equities over the long run.

I got it wrong about the Abbey, I just rang them - yes, they close the savings account, but you do have the option of accessing the funds as drawdown if you wish.

roswell

Jamesd,

By offsettign my ISA and not not ruducing my payments to the mortgage i have cut 10 year of the term, I am saving more on my mortgage then my ISA would pay at present as my isa is only 4.4% , Yes you are correct that I could get better But in my personnal circs this is the best for me.

As a note the isa is in most likely going to be used in the next 2 years as I will be buying a second property and as such will need thsi money,

Another fact is that due to the offset my standered monthly payment is actualy meaning that im paying 100% extra off the mortgage eg 1 months standerd payment is takign of 1 month payment + 1 month capital I left thsi to run for 5 years the mortgage will be paid of.

I can say that not everyone does the "MSE" best but the MSE best isnt always correct for everyone.

roswell

Supernova,

Yes i have the option to drawdown overpayments at any time (via cheque or phone call) and i can still drawdown / save to the isa.