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Time to ditch the fix?
mooneysaver
Posts: 149 Forumite
With interest rates so low savings accounts have been the best place for fixed returns on cash but with recent rate rises it looks like it might be time to take another look at mortgage savings.
For instance the best 2 year fix for £1,000 with Natwest is 3.5% whereas a mortgage backed ISA is currently paying 5.5%. Obviously this comes with creditor risk, but historically this has been pretty negligible.
Is anyone else thinking of jumping back into mortgages as part of their portfolio?
For instance the best 2 year fix for £1,000 with Natwest is 3.5% whereas a mortgage backed ISA is currently paying 5.5%. Obviously this comes with creditor risk, but historically this has been pretty negligible.
Is anyone else thinking of jumping back into mortgages as part of their portfolio?
0
Comments
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Where are you getting your figures from and why choose NatWest? Their 2 year ISA is 4.85% and the equivalent non-ISA is 5.12%, but better rates are available elsewhere, so that post appears to be another credibility-free zone....mooneysaver said:For instance the best 2 year fix for £1,000 with Natwest is 3.5% whereas a mortgage backed ISA is currently paying 5.5%3 -
Please can you provide a link to the, "mortgage backed Isa" you refer to?mooneysaver said:With interest rates so low savings accounts have been the best place for fixed returns on cash but with recent rate rises it looks like it might be time to take another look at mortgage savings.
For instance the best 2 year fix for £1,000 with Natwest is 3.5% whereas a mortgage backed ISA is currently paying 5.5%. Obviously this comes with creditor risk, but historically this has been pretty negligible.
Is anyone else thinking of jumping back into mortgages as part of their portfolio?0
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