𝘿𝙤 𝙮𝙤𝙪 𝙬𝙖𝙣𝙩 𝙩𝙤 𝙨𝙖𝙫𝙚 𝙞𝙣𝙩𝙚𝙧𝙚𝙨𝙩 𝙤𝙣 𝙮𝙤𝙪𝙧 𝙢𝙤𝙧𝙩𝙜𝙖𝙜𝙚?

Of course you do!

In a savings account, it will not be earning much money for you at the current interest rate (which is so low but great for lending) If you have an offset account or redraw available on your mortgage put your savings into this account, it will help to reduce the interest you get charged every month. You will get a much better return than leaving it in your low rate savings account. If you have a business you may also consider saving your GST, PAYG and Super payment in your redraw or offset account until they are due to be paid. Let your money work for you.

Need some more advice on this? Reach out and book an appointment to find out more how we can help you!
https://www.ybab.com.au/contact