For Members with an eligible home loan
100% offset
Unlimited everyday transactions*
Mortgage Offset is a transaction account linked to your eligible home loan. It can help you save interest and possibly own your home sooner by offsetting the balance of the account from what you owe on your loan prior to the calculation of monthly interest.
It’s a great way to ensure all your money is working to reduce the interest paid on your home loan, while meeting the flexibility and access needs of your everyday banking.
Features
- 100% offset benefit
- No monthly account service fee
- Unlimited everyday transactions*
- No minimum opening balance or withdrawal fee
- 24/7 internet banking and mobile app access
- Worldwide access
- Bank@Post
Rates & Fees
| Balances less than $5,000 | 0.00Interest rate |
| $5,000 < $500,000+ | 0.01Interest rate |
The Mortgage Offset linked loan account interest is calculated on the amount which is the difference between the daily balance of the loan and the daily balance (if in credit) of the offset account. This interest is debited to the loan. Credit interest on Mortgage Offset accounts is only paid if the account is not linked to an eligible home loan. All interest rates quoted are per annum and are calculated on a tiered basis. Effective Friday 20 December 2024 |
| Fees | |
|---|---|
| Monthly fee | $0 |
| Transaction fees | Fees may apply. Please read our Fees and Charges brochure to learn more. |
