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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: 11,519 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    In a word, no.
    Make £2026 in 2026
    Prolific £156.37, TCB £8.24, Everup £12.17
    Total £176.78 8.7%

    Make £2025 in 2025  Total £2241.23/£2025 110.7%
    Prolific £1062.50, Octopoints £6.64, TCB £492.05, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £70, Shopmium £53.06, Everup £106.08, Zopa CB £30, Misc survey £10

    Make £2024 in 2024 Total £1410/£2024 70%
    Make £2023 in 2023 Total: £2606.33/£2023 128.8%






  • It depends how disciplined you are.
    Credit card 1700
    Overdraft 210

    2026 EF 100/3000

    All I want is a weather forecast saying there'll be more weather.
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