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Vernice Ng

Community Manager at Seedly

18 Oct 2022

∙

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?

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Discussion (16)

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Chris

31 Oct 2022

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.

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Bellamy Tan

26 Oct 2022

Place it in a bank with good interest rates !

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Bin Rui

26 Oct 2022

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

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PP

25 Oct 2022

If your mortgage loan interest rate is higher (as a result of this current high interest rate environment) than the investment return you can enjoy if you invest, it is better off paying off the mortgage loan.

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文翔

25 Oct 2022

Depends if your returns is higher than the interest rate you are paying, had friends whom leverage b...

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What should I do with about $50k-$80k in spare cash at the moment? I have OCBC 365, UOB One Account and Citi Maxigain Account already and have maxed out the limits on these.

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