what would you do if you fixed 12 months ago, page-3

  1. 91 Posts.
    sounds like you have to pay the bank an economic cost.

    way it works is they buy funds at a certain price and price the future return at that rate.

    should the rates fall, the bank forgoes that income and charges that back to you.

    heres the tip: if you are going to break, break immediately, because the further rates go down, the more theyll charge you because the more they have forgeone.

    read up about opportunity cost, its a similar concept.

    good luck.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.