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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: 12,052
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Forumite
    In a word, no.
    Make £2026 in 2026
    Prolific £231.51, Octopoints £4.60, Tesco Clubcard challenges £38.80, Airtime £10 TCB £225.19, Everup £77.04, Roadkill £1.77,  Zopa CB £30, Misc £10.11,
    Total £629.02  31%

    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 70%
    Make £2023 in 2023 Total: £2606.33 128.8%


  • It depends how disciplined you are.

    Hastings Direct 4775.99

    La Redoute 676.21

    Barclaycard 295.20

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