Most banks charge a monthly service fee on home loan accounts with a nil balance.

If you pay off your home loan early, you need to weigh up the pros and cons of keeping your mortgage bond account open. In doing so, consider the access you have to credit at a lower interest rate while your account is open versus the fees you may be charged to keep the account open. Personal Finance looks at how the four major banks treat paid-up home loan accounts.

Also in our weekend print edition: Insurers offer incentives for you to have a chauffeur drive you home when you’ve had one too many.

This will be our last edition of 2012. The first edition of Personal Finance for 2013 will be published on January 12.

Personal Finance is published every Saturday in the Pretoria News Weekend, the Saturday Star, The Independent on Saturday and the Weekend Argus.