03/06/2026
Offset vs Redraw… they might sound similar, but they work very differently
An offset account helps reduce the interest charged on your home loan while still keeping your money accessible like a normal bank account.
A redraw facility lets you access extra repayments you’ve already made onto your loan.
Both can be great tools depending on your goals, spending habits & loan structure 😊
Not sure which option suits you best? We’d love to help explain the difference!