Savings account

obay

Hi,

So, I need to know the best savings account, I am just about to complete on a mortgage(hopefully) and I am only allowed to overpay around £9k in two years.

Now, the mortgage is 4.82% and I know it won't be much benefit for the money to go into the account being at this rate.

However, I wish to put £2500 into a savings account per month for two years, so when we remortgage we can overpay the (hopeful mortgage) by £60k.

Now this works in two ways for me, as I'd like to use it as an emergency fund as well as saving to lump the mortgage off..

Can anyone point me in the right direction that is seamlessly good access (in the event I need it) and that will pay a far %?

Thanks..

badger09

obay wrote: »

Hi,

So, I need to know the best savings account, I am just about to complete on a mortgage(hopefully) and I am only allowed to overpay around £9k in two years.

Now, the mortgage is 4.82% and I know it won't be much benefit for the money to go into the account being at this rate.

However, I wish to put £2500 into a savings account per month for two years, so when we remortgage we can overpay the (hopeful mortgage) by £60k.

Now this works in two ways for me, as I'd like to use it as an emergency fund as well as saving to lump the mortgage off..

Can anyone point me in the right direction that is seamlessly good access (in the event I need it) and that will pay a far %?

Thanks..

Sounds like a combination of current and regular savers would suit you.

Have you read these?

http://www.moneysavingexpert.com/banking/compare-best-bank-accounts

http://www.moneysavingexpert.com/savings/which-saving-account

obay

I'd rather keep them into one account if possible, I haven't read them but I will do!!

badger09

obay wrote: »

I'd rather keep them into one account if possible, I haven't read them but I will do!!

Then you might achieve around 1% interest. Your choice;)