matured endowments

beedz

I have three endowmets maturing this year 1in may 1in september and 1 in november should i pay these off my mortgage as thay mature or should i wait until the mortgage finishes in may 2011 thanks.

Cannon_Fodder

Depends on the interest rate of the mortgage, versus what interest rate you could get by putting the proceeds into savings. (don't forget to take off tax, unless you use an isa)

If the interest difference is close, the extra time transferring out of your current account, to the savings account for a few months, and back to the current account to be able to send onto the mortgage company in 2011, is going to lose you interest that makes it more likely to be worth just paying them off the mortgage.

Not perhaps the most efficient to the penny, but life's too short sometimes...