Home loans guide
What Is an Offset Account and How Does It Work?
An offset account can reduce the loan balance used to calculate interest, but features and fees vary.
Offset Mortgage · Plain-English mortgage information
How an offset works
Money held in an eligible offset account is generally subtracted from the linked loan balance when interest is calculated.
Offset is not always identical
Some products offer full or partial offset, may limit eligible loan types, or charge package and account fees.
Compare the overall value
Consider expected balances, rates, fees, access to funds and alternatives such as redraw before choosing a structure.
