WilderSueden
2022-06-23 08:48:50
- #1
on the topic of low interest rates: My brother borrowed 200K about 2 years ago for 10 years (a 10-year term was cheaper! than 5 years) at 0.45% (through LVM). Making special repayments now probably doesn't make sense - right? ;)
I believe fixed-term deposit rates are just above that right now (although not after taxes). However, overnight and fixed-term deposits will surely rise soon. As soon as they are above 0.75%, your brother can also earn more interest on his money after taxes than he is paying now ;)