Laddering — a clever way with term deposits and perhaps your mortgage
- What is laddering?
- Who might be affected?
- Why do it? — gives longer-term returns on deposits (which are usually higher); frequent access to some of your money; some protection from bad luck with timing.
- How it might work with a mortgage
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Mary Holm, ONZM, is a freelance journalist, a seminar presenter and a bestselling author on personal finance. She is a director of Financial Services Complaints Ltd (FSCL) and a former director of the Financial Markets Authority. Her opinions are personal, and do not reflect the position of any organisation in which she holds office. Mary’s advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following it. Send questions to [email protected] or click here. Letters should not exceed 200 words. We won’t publish your name. Please provide a (preferably daytime) phone number. Unfortunately, Mary cannot answer all questions, correspond directly with readers, or give financial advice.