Overpaying or not?
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Albermarle said:pieroabcd said:All savings account that I've seen give some decent interest only on the first 5k, or did I miss something?
Also, most of them only if you freeze the money for N years.
I would overpay ASAP. There's nothing like a life without debts.
Good that the end of the fixed term is near, but in general in many cases overpaying you pay less even if there's a charge
Normal savings account pay the interest on everything you have in there, not just the first £5K.
You can have easy access accounts, with immediate availability but a potentially variable interest rate. Or a fixed rate where the money is tied up . The choice is yours.
Compare The Best Savings Accounts UK | Rates from 7.00% (moneyfactscompare.co.uk)
I'm looking at https://moneyfactscompare.co.uk/savings-accounts/regular-savings-accounts/
All of them have a very small max monthly of yearly amount that you can deposit.
https://moneyfactscompare.co.uk/savings-accounts/easy-access-savings-accounts/ is very different, but I've never heard of any of those names. Is it what you have in mind?
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