04/03/2025
An offset account is a type of bank account that is linked to your home loan. Depending on the type of offset account you have, the balance in the offset account may be used to reduce the principal of the loan for interest calculation purposes. This could mean the more money you have in the offset account, the less interest you pay on your loan. To learn more, reach out to me today.
Please note we do not provide tax, legal or accounting advice. This information is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. We encourage you to consult your own tax, legal and accounting advisors before engaging in any transaction.