Hi All,
I am a bit green on all this but we will be starting to build a house soon and need somewhere to keep our mortgage money as we draw it down in instalments. We will be going interest only on the mortgage while the build is taking place (approx 4.7% interest) and so would ideally like an account with not more than 30 days notice needed for withdrawals and no limit on the amount of withdrawals per year, which would pay us more or less what we are paying out on interest. Each drawdown would be approx €80,000 and I see some of these accounts only give the good interest rates on smaller amounts. Any ideas??
Thanks for the help,
Gemma
I am a bit green on all this but we will be starting to build a house soon and need somewhere to keep our mortgage money as we draw it down in instalments. We will be going interest only on the mortgage while the build is taking place (approx 4.7% interest) and so would ideally like an account with not more than 30 days notice needed for withdrawals and no limit on the amount of withdrawals per year, which would pay us more or less what we are paying out on interest. Each drawdown would be approx €80,000 and I see some of these accounts only give the good interest rates on smaller amounts. Any ideas??
Thanks for the help,
Gemma