Mini Blog Series: How Using an Offset Account Can Help You

An offset account is a transaction account linked to your home loan. The balance in this account is offset daily against your loan, which reduces the interest you pay.

Even small amounts in an offset account can make a noticeable difference. For example, $50,000 in an offset linked to a $700,000 loan at 6% could save around $3,000 in interest in just one year.

Offset accounts are flexible — you can deposit your savings, salary, or extra repayments and still access the money anytime. This makes them a smart way to reduce interest without having to lower your loan balance.

We can help you choose the right loan and set up an offset account that works with your repayments. Click here to speak with a Complete Home Loans broker and see how an offset account could benefit your loan.