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Quick Opinion

Is it still better to use money left at the end of every month to  pay off some mortgage even if the interest rate on the mortgage is less than the interest rate on my savings account?

Comments

  • Slinky
    Slinky Posts: 11,128 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    In a word, no.
    Make £2025 in 2025
    Prolific £617.02, Octopoints £5.20, TCB £398.58, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £60, Shopmium £26.60, Everup £24.91 Zopa CB £30
    Total (4/9/25) £1573.21/£2025 77%

    Make £2024 in 2024
    Prolific £907.37, Chase Int £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus ref £50, Octopoints £70.46, TCB £112.03, Shopmium £3, Iceland £4, Ipsos £20, Misc Sales £55.44
    Total £1410/£2024 70%

    Make £2023 in 2023 Total: £2606.33/£2023  128.8%




  • It depends how disciplined you are.
    0 bonus saver
    35 NS&I
    233 credit union
    0 Computer

    Credit card 2250
    Overdraft 0
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