Offset Mortgages which can be worth of 11% savings rate

A recent article by Intelligent Finance suggest offset mortgages can be worth having a current account savings rate of 11%. The way offset mortgages is to combine your mortgage with your current account. THus any savings in your current account can be used to reduce your monthly mortgage payments. This is very worthwhile for those with big current account savings accounts. Furthermore it stops you paying tax on your saving interest.

Advantages of Offset Mortgages

Offset mortgages at Intelligent Finance