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Glossary   >   F   >   "Flexible mortgage account" Definition            Flexible mortgage account A combined mortgage and current account. Any savings each month earn the mortgage rate, which is a relatively high and tax-free rate of return. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Flexible mortgage account - A combined mortgage and current account. Any savings each month earn the mortgage rate, which is a relatively high and tax-free rate of return.