Though stock-picking is fun it can end in tears if you don't have a clear strategy. While holding individual shares is fine as part of a balanced portfolio, you need a solid base of safer investments just in case your go-go internet stock suddenly crashes to earth. An in-depth look at the new idea accounts showed that higher interest rates and poorer introductory deals might mean consumers end up paying more overall. Savings are used to offset borrowings, which means a reduction in the amount of interest paid on a mortgage.
CAMs combine everything into one account, whereas offset mortgages keep accounts separate.
Both CAMs and Offset mortgages have tax benefits. Flexible Offset mortgages are flexible and can be good for people with savings who are prepared to use them to reduce debts, but want to keep separate accounts. CAMS also have flexible features combined with the benefit of linking a mortgage to other accounts. CAMs tend to have less competitive rates than offset mortgages and as the accounts are combined, it could be easier to lose track. These accounts may not be suitable for everyone.