INBS 1 & 2 year share or pay off mortgage

dubinamerica

Registered User
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475
at the minute INBS are offering 6% for a year and 5.89% for 2 years fixed term share account.. considering doing this and also paying some money off my mortgage .. current rate is fixed at 4.89%

purely from the calcs it seems to make sense to pay off mortgage as after taking DIRT (23%) into account, looks like 4.62% will be the rate for the year..

Might do a combination of both .. Any comments?? will eventually within the next 5 to 10 years want to pay off bulk of mortgage but not sure if it makes sense to do that now..
 
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