That is what I thought. There may be cashflow through the account but it would all have to be used by the end of the month to keep up with bills. As we have little left over each week.(Stil lots of teenagers at home). So with a good interest rate it may be better to make extra payments whenever we can.

Afer the fixed rate the interset will only rise one percent per year untill it reaches the then current rate. Would an offset account be a better deal then? Our present loan has no fees or penalty payments.