14/04/2026
Can A Home Loan have Multiple Offset Accounts?
This is a question I get asked frequently, can I have more than one offset account with my home loan?
The answer is yes, some banks do offer the facility to have multiple offset accounts linked to a variable rate home loan. Not all banks and lenders offer a variable rate home loan with ability to have multiple offset accounts, but there are some banks that do.
With the ability to have multiple offset accounts, if you are a person that likes to keep there savings separated, it does give you the ability to have different offset accounts, for any purpose you may like, for example, a holiday account, bill account, anything you would like. All the offset accounts will offset against a variable rate home loan, saving you interest charged with your home loan.
The fees for multiple offset accounts vary between the banks. Some banks have an annual fee, of between $248 and $395, which allows you to have up to nine offset accounts. There are some banks which may charge $10 a month for each offset account.
So in short, yes, some banks so allow for multiple offset accounts.
The weblink to the article -
https://perthmortgagebrokergroup.com.au/index.php/perth-mortgage-broker-group-blog/home-loan-features-and-fees-blogs/can-a-home-loan-have-multiple-offset-accounts
If you have any questions at all, please let me know.
I hope you have a great day :)
