I have a mortgage that 10years fixed at 2.75%. the remaining balance is about 70k and the monthly repayments are $1135. I got it it in 2015 and I'll pay it off by 2025. I have about $45k in savings and could save the $25k within a year. My savings account is a money market and I don't make that much on interest.
Not sure if I should look to pay off the mortgage, make overpayments each month or just continue to put my money in my savings account?
Thanks for any advice
****Update*** I have a couple of savings account. Main account: 45k dividend rate is 0.45% and apy is 0.45% (not sure what these mean) Other savings account: $7k And I'm paying into a work 401k
On average I save 2.5-3k a month from my paycheck which gets paid into my main savings account. Don't have any other loans or other debt to pay.