If I have a credit card and I have paid it off but paid more than what I owe, is it good to leave whatever is paid more in and use the credit card as a saving account, or do I need to withdraw all the monies that are over paid?

As you highlight it is possible to hold a positive balance in a credit card account and local banks typically pay between 0.2% and 3% annually depending on the amount and the prevailing prime lending rate.

This is similar to overnight deposits (call) or savings accounts. Saving using a fixed deposit account. However, could earn you around 7%-8% per annum at present, so this would be a smarter way of saving if you can set the money aside for a longer period.

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