That said, making additional payments is your next best move. The longer you take to pay your debt, the higher interest accrues. Do Mortgage Rates Change Daily? Current: Enter the current payoff amount. Those options vary in complexity and cost, but in general, the investment account will be easier to access in the event you want or need to spend the money on short notice. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website.