We're currently paying 4% on our offset mortgage. I've always been comfortable at that rate even though I knew we could get cheaper rates and the one account rather than different accounts for everything suited our needs. However now the new tax allowance is coming about and interest rates may rise (although I don't think they're going anywhere fast for at least another decade!) it seems that we might be better off reducing the cost of our loan and using normal saving and high st accounts where necessary for additional money. I see there is no reference to the effect on offset accounts in blog but this is a big deal for people with them as the old tax savings especially for higher rate earners no longer exists to a degree it seems. TSB have a 10 year fix at 2.89% which would see us pay off the mortgage in 10 years if not sooner with over payments when possible. What do people think? is now a good time for us to start looking to shift mortgage and which mortgage might suit us best? I'm also tempted with moving to first direct and maintain the offset route as I like the flexibility.....choices choices ?