Hi All,
I hope this is in the correct place. Please feel free to move it if its not! Anyway heres the story, Im building a new house at the moment and the funds are released in a series of 6 stage payments. I will be paying for some things over a period of time and dont think i'll need access to the funds all at once. I will however be paying interest on the full amount of the stage payments issued to date. I was thinking of placing the funds in a rabodirect account each time they are issued in order to earn interest and offset some of the mortgage interest i will be charged. Can anyone see any problem with this idea? Will it give me access to my money within 2-3 days for paying house building bills?
Thanks in advance for any advice!
I hope this is in the correct place. Please feel free to move it if its not! Anyway heres the story, Im building a new house at the moment and the funds are released in a series of 6 stage payments. I will be paying for some things over a period of time and dont think i'll need access to the funds all at once. I will however be paying interest on the full amount of the stage payments issued to date. I was thinking of placing the funds in a rabodirect account each time they are issued in order to earn interest and offset some of the mortgage interest i will be charged. Can anyone see any problem with this idea? Will it give me access to my money within 2-3 days for paying house building bills?
Thanks in advance for any advice!