If you have a loan with us, you might like to open a loan offset account, which is a savings account that you can link to any one mortgage account.

The savings balance in your loan offset account attracts a special offset interest rate which is offset against the balance of your loan, reducing the amount of interest you pay. So you save far more than the balance of your savings.

• Access your funds 24 hours a day, 7 days a week
• Special offset interest rate
• No account keeping fees
• No transaction fees for Internet and Telephone banking
• Offset amount calculated daily and credited monthly
• Possible tax benefit (consult your tax advisor)

How it works

IF
the interest rate on your linked mortgage loan is 7.50% pa (daily
interest rate 0.0205%, rounded off to 4th decimal place)

AND
the closing balance of your loan offset savings account for each
day in February is $50,500.00

THEN
your loan offset benefit, credited against the interest due on your
linked mortgage account on 28 February, would be calculated
as follows:
$50,500.00 x 0.0205% = $10.35 (rounded off to nearest cent) x
28 (days) = $289.80

More Information

• View our rates and fees
• Read our Product Disclosure Statement 
• View our range of home loans
• Use our budget calculator

Questions?

If you have any questions, please contact us