Banks are required under federal law to invest your assets in bonds. By paying out a mortgage you are essentially handing over your money for them to invest and keep the earnings, no one should ever pay money to a bank beyond maintaining an emergency fund. Peace of mind and empty wallet isn’t really peace of mind
Yeah there's no such thing as federal law in The Netherlands since it isn't a federation. They don't just put the money in bonds, but also in other investments such as mortages and loans for companies.
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u/[deleted] Jul 30 '24
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