What to do with savings?

Hi, I'm new to the forum and this is my first post, I'm hoping for some advice. I'm in a fortunate position at the moment where I am managing to save 900euro a month for around about the last year or so. At the moment it's just being lodged into a credit union account. I have around 10,000 euro saved so far. I'm wondering should I be saving this somewhere where I'll get a better return or even should I be paying more off my mortgage instead. I've got a 30 year mortgage for 250.000euro with 27 years left at a Tracker rate of 1.8%. Should I be doubling up my mortgage payments so I can get it paid off sooner or what do you think I should be doing? Any help would be appreciated.

It depends on your priorities, your risk profile and how disciplined you are but in general you have three options:

1) Save it in a "high" interest savings account then pay a lump sum off the mortgage each year.
2) Overpay the mortgage by 900 each month, if rates stays as they are, you would take 18 years off the mortgage
3) Invest it in a fund.

If you put this up in money makeover you may get a better response

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