# What should I do with extra money that's piling up?

**URL:** <https://boards.straightdope.com/t/what-should-i-do-with-extra-money-thats-piling-up/713592>\
**Category:** In My Humble Opinion\
**Created:** [February 25, 2015, 5:48pm UTC](https://boards.straightdope.com/t/what-should-i-do-with-extra-money-thats-piling-up/713592 "2015-02-25T17:48:47Z")\
**Posts on this page:** 1\
**Page:** 3

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**Author:** ![Dr.Strangelove](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dr.strangelove/32/6613_2.png) [@Dr.Strangelove](https://boards.straightdope.com/u/Dr.Strangelove)\
**Post date:** [February 28, 2015, 12:40am UTC](https://boards.straightdope.com/t/what-should-i-do-with-extra-money-thats-piling-up/713592/41 "2015-02-28T00:40:31Z")

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> [@Maserschmidt](#):
>
> 3.5% guaranteed would be higher than any fixed rate he could get in the market today.

You can’t forget the mortgage interest deduction. Depending on how early in the mortgage you are, your tax rate, whether whether you take the standard deduction, etc., that 3.5% may be equivalent to more like 2.5%. My mortgage is at 2.75%, and taking the deduction into account brings it to under 2% equivalent.

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