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Overpay & saving

DreamerFTB · 2015-03-15 15:25:52

Probably a stupid question but I want to double check with you if I am missing something: Let's say I have a few 4% - 6% gross regular saver / current accounts where I can withdraw money whenever I want and I have a tracker mortgage around 2.5% with unlimited overpayments. Am I right saying that it's better to fill the…

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DreamerFTB Posts: 82 Forumite

15 March 2015 at 7:36PM edited 15 March 2015 at 7:58PM

About the 12 months commitment: even if it's locked for a year, in my case BoE has to rise interest of more than 2.3% from day one to make it a bad investment (taking in consideration a 2.5% tracker mortgage). Also this one is a bet at the end.

But not all Regular Savers have this 1 year limit.

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