A quick (fun) look at how an offset account works!!

From our sister website homeloancomparison.com.au

You've probably heard of an offset account - you may even have one - but do you understand what they do? How they work? Will it suit your banking style?

The key is - they work really well for specific banking types but not everyone benefits from an offset, and redraw may be just as beneficial for you.

An offset account works by putting your main bank account (or a special savings account, the choice of purpose is yours) to work saving you interest. That’s right, every last dollar is always saving you interest and always available to you too!

And here’s a kind of quirky look at how it does it:

If you would like to know more about how to best use this account for your own home loan – or your investment property loan (and they are very handy for this too) ask us what the benefit is.