First Active Current Account Mortgage

[pennypincher]

Does anyone have one of these accounts?My understanding is that if you had a lump sum of cash in your account you don't have to pay interest on it.
So Mortgage=200k savings =100K therfore you only pay interest on the remaining 100K?Is this assumption correct?

 

[Purple]

That's about the size of it. Most of the other pro's and con's are common sense but there have been other threads on AAM on this topic if you want to do a search.
(If I was clubman or ajapaler I'd provide the links but I'm too lazy)

 

[pennypincher]

Thanks I did find some links but the detail of how it was worked out were not clear.