Credit Cards - Linked directly to your current/debit account?

[LWA]

Leon, Lots of places do a similar thing as the one account but call it an offset mortgage. Lloyds do one. Intelligent finanace (halifax) also do.

Yep ta, I've read a little about these kind of things. Don't think it's really my cup of tea but I will read some more into it before I re-mortgage.

E-savings account

Same page - keep all your money in there. Instant transfer.

It's what I've been doing for years. Keep your current account at a "spendable" level and keep all surplus in the e-savings.

I have also been doing exactly the same for years. However the fact remains that the money in your current account being maintained at a "spendable level" is earning very little interest.

Check out the Halifax current account

An incredible 6.17% AER (6% gross) for balances up to £2,500 and 0.1% AER/gross p.a. for anything over this amount*

This means you can continue to put your savings into a high interest account (where it earns good interest no matter how much is in there) and the spending money in your current account also earns good interest.

I spend too much time thinking about these kind of things.....

[tiggerai]

Yep ta, I've read a little about these kind of things. Don't think it's really my cup of tea but I will read some more into it before I re-mortgage.



I have also been doing exactly the same for years. However the fact remains that the money in your current account being maintained at a "spendable level" is earning very little interest.

Check out the Halifax current account

This means you can continue to put your savings into a high interest account (where it earns good interest no matter how much is in there) and the spending money in your current account also earns good interest.

I spend too much time thinking about these kind of things.....

You're not the only one, believe me. We've gotta spend so much time these days getting the best deal out of everything. I spent 4 evenings before i moved my job to london working out how to get the best deal out of my travel! (it saves me £120 a month compared to the easy "take the first option" route!)

I know what you feel like on the offsets, i didn't fancy them either, just don't have that amount of savings for it to make a difference!

I will switch to halifax when my natwest overdraft runs out, can't afford to switch it at the mo. I never have spending money anyway... I have looked at that current account a couple of times, as my mortgage is with Halifax it's easy to get everything in the same place.