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@jespy That's not good since it's only a year promotional and you can do better at other banks like Lending Club is 5%. But if these are your savings for long term and you won't be using the money for at least 5-10 years then you're better off investing it in an S&P 500 index fund. Yes it's...

@tomhw I believe you. But the question was whether it makes sense. Valuing being debt free now and ending up poorer than you could be later doesn't make sense. Of course people often don't make sense.

@tomhw Your emotional happiness of being better off when you're old outweighs the happiness of being debt free now. If you have the money to pay off the loan then it's meaningless to actually do so, if that money is generating more money.