Money Magazine

Finetune your offset game

BANKING Michelle Baltazar

Customers with one of the big four banks saved an average of $1154 on their home loan last year with an offset account. Here's how to get the same cost savings, and more.

An offset account, a transaction account that's linked to your home loan, comes with the benefit of potentially reducing interest payable on your loan. Any money you have in your account is “offset” against the balance of

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