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The best use of your money depends on your unique situation.
Create the strategy that benefits you most
To put this in the simplest terms, your best choice is based on interest rates. How much interest are you paying on outstanding debt versus how much interest can you earn in savings? Paying attention to the higher rate of the two can help your financial situation.
Results from this calculation are hypothetical and are for illustrative purposes only. Calculators should be used as a self-help tool only and do not consider the impact of fees that may apply. Results may not be applicable to your individual situation and do not constitute an offer. We encourage you to seek advice and guidance from a qualified professional regarding all personal finance issues. Actual terms may differ.
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