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Britannia BS Homesaver
beardiedog
Posts: 666 Forumite
Their Homesaver account offers a 7.25% AER variable rate, interest paid annually, min balance £250 and notice period of 90 days. Other conditions state: "Any withdrawals or closure are subject to 6 months notice and 180 day loss of interest penalty, unless the investor applies for a Britannia mortgage, when instant access is allowed".
Would this account be worth considering over say, the 'lower rate' KE instant access account or their 1 year fixed rate? I'm not planning on applying for a mortgage.
Would this account be worth considering over say, the 'lower rate' KE instant access account or their 1 year fixed rate? I'm not planning on applying for a mortgage.
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Comments
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This account is only ever intended to use as the deposit for a Britannia mortgage - as you've indicated - which makes it a 3.88% paying account in the year when you come to close.....under construction.... COVID is a [discontinued] scam0
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Thanks, think I'll go for K Edge then...0
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