ACCESS bonds have benefits: you can pay extra money into it to use as an emergency or holiday fund, while it can also help you pay off your home loan quicker, thereby saving you interest. Here’s what you need to know about access bonds and how to make them work for you.
1 WHAT IS AN ACCESS BOND?It’s a home loan that allows you to withdraw extra money you’ve paid into your bond. You can do this through one-time payments or regular monthly payments.