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Forum >> Saving for car - which way is best?
Saving for car - which way is best?
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Posted: 03/02/10 OriginalPost Subject: Saving for car - which way is best?
Michelle Hi All, we are currently planning to save for a new car. We want to put away $400 per fortnight over 3 years to have just over $31,000 to spend. My question is this ... should I go for an online account (currently offering around 4% interest) or should we put it against our mortgage & then re-draw in 3 years time? Our mortgage is currently $99,000 and is at 6.49% variable. Any ideas would be much appreciated. Cheers!
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