01/09/2026
💰 Could your savings be helping reduce your home loan interest?
An offset account is linked to your home loan, with the balance offsetting the amount of your loan that interest is calculated on.
For example:
🏠 Home loan: $500,000
💰 Offset balance: $50,000
📉 Interest calculated on: $450,000
That means your savings can potentially help reduce the interest you pay while still keeping your money accessible.
But an offset isn’t automatically the best option for everyone. Fees, loan structure and how you manage your money all matter.
The right loan feature is the one that works for your circumstances.