Depends on interest.
I will give an example.
I have a friend in Spain that has a mortgage. His mortgage is at rate Euribor+0,5% Meaning around 1,8% nowadays.
The bank is offering him a savings account with 3% yearly.
Lets imagine he has some saving: 10,000.00 EUR.
What do you think is better? overpay the mortgage or deposit in saving account?
Obviously, in this case, it is better to put in saving account; but always depends on rates.
BTW - rates for credit cards are crazy, I always pay full at the end of the month.
War looking for peace, is like fornication looking for virginity.
Depends on interest.
I will give an example.
I have a friend in Spain that has a mortgage.
His mortgage is at rate Euribor+0,5%
Meaning around 1,8% nowadays.
The bank is offering him a savings account with 3% yearly.
Lets imagine he has some saving: 10,000.00 EUR.
What do you think is better? overpay the mortgage or deposit in saving account?
Obviously, in this case, it is better to put in saving account; but always depends on rates.
BTW - rates for credit cards are crazy, I always pay full at the end of the month.
War looking for peace,
is like fornication looking for virginity.