READER QUESTION OF THE WEEK
YOUR MONEY: How to think about access bonds
A key question in deciding what to do with your savings is, do you need cash flow from the interest?
12 December 2024 - 05:00
Question:
Is it better to put your savings into a savings account or income fund of sorts, or into an access bond to reduce your interest on the home loan? The access bond interest rate is 11%, compared with the 7%-8% you earn in any of the other accounts, so I assume it is the better option. ..
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