Barclays Tax Beater ISA and Offset Mortgage

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PParka Posts: 262 Forumite

31 March 2007 at 11:32AM in ISAs & tax-free savings

Hi,
I've just opened a Tax Beater ISA with Barclays. I've also got an offset mortgage with Barclays as well.

My mortgage rate is 6.2% and the ISA rate is 6.5%

Currently the ISA has £3k in it and is not offset against the mortgage.

Am I right in thinking this is the best option while the the ISA rate is greater than the mortgage rate?

If the ISA rate drops (or the mortgage rate goes up) am I better off making part of the offset arrangement??

I think my thinking is right, but just want to make sure

Thanks
Pete

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Barclays Tax Beater ISA and Offset Mortgage

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