The Consumers' Association says all-in-one accounts may not be money savers as higher interest rate...
The Consumers' Association says all-in-one accounts may not be money savers as higher interest rates and poorer introductory deals could mean consumers end up paying more overall. The report concludes that an all-in-one account won't necessarily save mortgageholders and investors money. Interest rates on these accounts are often higher than on traditional mortgages, and they tend to have poorer introductory deals. Although it may appear that the client is saving money by linking their mortgage with their current account and savings, the CA stresses some traditional mortgages have si...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes