Keeping the piggy bank in good shape

I thought I would be able to do this randomly on those months when I had extra money available.

However, according to BankDirect, once I increased my payment by $1000 for one month I would be locked into making that payment each month thereafter. Was that your understanding of this?

A. Yes it was.

Unfortunately, when this column was shortened a little last week, a phrase was deleted that affects you.

The paragraph should have read: "At ASB/BankDirect you can repay up to $500 extra a fortnight or $1000 extra a month without penalty, provided you stick with that increase for the rest of the fixed-rate term."

There are, however, a couple of steps you could take:

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