Save or Pay Off Debt? Calculator

Save or Pay Off Debt? Calculator

Attacking your debt might be the best saving strategy of all.

Comparing rates is the right approach. It's smart to save for a rainy day. But it's also a good idea to keep your debt load low. So if you have extra money, where should it go? Before deciding, compare what you're earning on your savings to the rate you're paying on your debt. As this calculator shows, if the debt interest rate is significantly higher, you might end up with more money in the long run by paying down what you owe.

Boost Checking

So long old school, hello dividends. Start moving forward, start moving up.

Our boost gives your balance a nice big lift. Multiple choice: A) You can have a checking account that’s designed for spending only. B) Or you can have this multi-tasking moneymaker that earns dividends at a competitive interest rate, as well. The answer seems obvious - especially when you roll in the added convenience of Digital Wallets, Mobile Check Deposit, and Digital Banking.

Andrews Federal members received over $12 Million in direct member benefits through lower fees, lower loan rates and higher deposit yields.