How it works
If you owe $600,000 and have $50,000 in your offset account, you only pay interest on $550,000.
Offset calculator
See how an offset account can help
An offset account is a bank account linked to your home loan. The money in it is taken off your loan balance before interest is worked out. This means you pay less interest.
Interest saved
$202,175
Time saved
4 years, 8 months
Estimates only. Results are general information, not an offer or approval, and do not include fees, rate changes or tax.
This estimate uses monthly principal and interest repayments at a fixed rate. It does not include fees, rate changes or tax. Results are general information only.
Things to know
Your money stays yours
You can still use the money in your offset account. Your savings and your pay can sit there.
Check the fees
Some loans with an offset account have higher fees or rates. Make sure the savings are worth it.