What are you doing with your rate cut savings?

We’ve asked experts what mortgage customers can do with excess cash from the May RBA interest rate cut.

Keep your home loan repayments the same, said MoneySmart’s Miles Larbey. “You will save many months and thousands of dollars in interest over the loan term.”

Another option is to pay off a hefty credit card debt or save it for christmas.

Source: The Daily Telegraph

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