Got my rate notice and was wondering if I'd be better off paying in 4 installments and leave the money in my offset at an interest rate of 5.84% currently or do I pay the whole lot in one go? Is anyone able to show me a sheet with this calculated to show what option is better in terms of saving money?
Full payment $2551.44
4 installments of $644.97 (4 x $644.97 = $2579.88)
Full or 1st instalment 04/09/2023
2nd instalment 06/11/2023
3rd instalment 08/01/2024
4th instalment11/03/2024
Thanks
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