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Accounts Calculator High Interest Savings

Posted on March 24, 2010.
Accounts Calculator High Interest SavingsIs it better to put your savings into a mortgage offset account or a savings account interest rate?

Does anyone know of any online calculators that let you know how much time / money is saved on a mortgage through a clearing account.

I found a simulator St George Bank: ww.stgeorge.com.au / calculators under the section of home loans. You need MS Excel to use it.

Never heard of a mortgage offset account. It may be preferable to repay a mortgage to execute him if you can not list on your tax return.

You can set up an account at the bank and have them remove 1 / 4 of your monthly payment each week. This has the effect of paying the monthly mortgage payment of an additional year, and reduced cost of ownership for your interest.

If you have excess money, I would find a good mutual fund to set. I would say the Vanguard family. They are the leaders in low cost and generally perform all the top half of top-performing funds.

It does not use it to chase a hot fund. My experience, by the time the fund's hot, it is too late to enter

Yahoo itself has many investment calculators.
http://www.finance.yahoo.com I think, is the web address.

Good Luck

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