Hi all,
I was hoping someone out there would have a formula I could use to work out if it is worth breaking a fix term rate and putting it onto a new interest rate.
I know my break cost and what the current and proposed interest rates are, but wondering if someone could let me in on how to basically calculate it? Or should I just call the bank and ask them?
Thanks in advance
Simon
I was hoping someone out there would have a formula I could use to work out if it is worth breaking a fix term rate and putting it onto a new interest rate.
I know my break cost and what the current and proposed interest rates are, but wondering if someone could let me in on how to basically calculate it? Or should I just call the bank and ask them?
Thanks in advance
Simon
Comment