facebookWWYD if you have spare cash lying in your bank saving account at the moment? - Seedly

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Vernice Ng

Community Manager at Seedly

18 Oct 2022

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General Investing

WWYD if you have spare cash lying in your bank saving account at the moment?

Would you rather use it for investments or use it to clear your current housing loan just to reduce debt?

Discussion (17)

What are your thoughts?

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It will depend on your mortgage loan amount and interest rate. If your investment is safe and able to give higher returns comparably, hop on by all means. Otherwise, reduce debt under the current economic environment could be a wiser option.

Place it in a bank with good interest rates !

Fort me, I will pay off my mortgage loan, as I make very bad investment options..

If your mortgage loan interest rate is higher (as a result of this current high interest rate enviro...

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