ISA vs Premium Bonds

[trustysteed]

yeah, we're already overpaying our mortgage by £100 anyway

 

[Bonefish Blues]

 

[ASC1951]

...although the historically low mortgage interest rates make these rather less attractive than previously. Overpayment might be a better option [than offset] at the moment, perhaps.

A fair point. But although base rate is at its lowest ever, lending margins have widened and overall mortgage rates are still a lot more than you can get as a savings rate. An offset does give you the bun and the halfpenny, in that you still have your capital.

I think the best compromise is to overpay with money you know you won't need again, and have an offset arrangement for your contingency savings.