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Best Time to overpay?
kemo_2002
Posts: 1,507 Forumite
Hi, my mortage interest is monthly, added last day of each month, does it matter when during the month i make overpayments?
Thanks
Thanks
0
Comments
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Well, the best time is probably as close to the day they calculate the interest as possible, as you can leave OP money sitting in savings and make a few pennies that way.0
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edinburgher wrote: »Well, the best time is probably as close to the day they calculate the interest as possible, as you can leave OP money sitting in savings and make a few pennies that way.
so this month it would be added 31st,i should OP around the 29/30th?0
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