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Should I fix for 3 years or 5 years?

  • 22-07-2022 9:04am
    Registered Users Posts: 4,367 ✭✭✭

    Hi all, some advice needed.

    We've been offered a 3 year and 5 year fixed from our bank, both at 3%. This rate would reduce our monthly payment by approx 40 euro (better in our pocket than theirs).

    But what I'm wondering is whether its a good idea to fix for 5 years? Or will this current situation pass relatively quickly?

    Please polish your crystal balls...