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Reply to "Savings - screened porch v college?"
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[quote=Anonymous][quote=Anonymous]For the car loans - I could pay off right now but instead about to put the money in a CD earning 5%. I feel that is better than 2.8% interest rate but if we taxes that is not correct could easily reconsider. [/quote] You are doing these weird compartmentalizations. You are comparing the car loan against HYS rate. The thing you should do is compare the HYS rate against your highest interest rate. If your student loans are at 5% or higher, placing your money into the HYS account is losing overall money (again basic math). So pay off the student loan. Once that loan is eliminated, you can ask yourself the question of the car note (or mortgage - whichever is higher) vs the HYS account. [/quote]
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