Endowment matured what to do!

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The_fisherman Posts: 2 Newbie

19 January 2009 at 9:16PM in Savings & investments

Hi I have received £30k as my endowement has matured
This was to pay off part of my mortgage
However The Abbey say they want to put it in my saving fund! where it will match my Tracker Mortgage (.49%above base) rate allowing me access to funds should i need them but will reduce the term of my mortgage
I DO NOT want at any time to spend it but should i insist on reducing the mortgage or should i invest it ?

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Endowment matured what to do!

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