borrow and put in fixed deposit
If I borrow at a low rate 3.9% per year and put into the fixed deposit of 4.1% per year, am I benefited? Can I cover the interest by my fixed deposit?
- 1 decade agoBest Answer
If according to the information you provided, you have gained on it. But I wonder the interest rate is as low as 3.9%, which is lower that the mortgage interest ( purpose mortgage loan can get the lowest interest rate than private loan ).
You should pay attention on the terms and conditions wor, the rate is fixed or any special requirement attacted or any administration fee etc...