Full transactional flexibility.


Our Home Loan Offset Account offers all the convenient day-to-day banking features you need, but with the huge added advantage of also lowering the amount of interest you pay on your eligible variable rate home loan. It’s completely free from transaction fees* and there are no monthly fees.

Here’s how it works
Let’s say your variable rate Home Loan balance is $250,000. If you link your Home Loan Offset Account with a balance of $50,000 to your home loan, you will only be charged interest on your home loan based on a $200,000 balance. Over the life of the loan it could save you thousands. Home Loan Offset Accounts are available with selected Credit Union SA Variable Rate Home Loans.

Ability to save thousands

The long-term reduction in home loan interest could be huge.

No monthly fee

There are no monthly access fees on the Home Loan Offset Account. Learn more

Free Visa Debit Card

With payWave access. Learn more

24/7 banking

Tap. Pay. Done. It’s that easy. Say hello to Google Pay™

Home Loan Offset Account interest rate

Product NameInterest Rate
Home Loan Offset Account¹0.00% pa

Interest is offset against your linked variable rate home loan - refer to the Deposit Accounts and Access Services Terms and Conditions brochure for more detail.

Home Loan Offset Account fees

Fee

Amount

Monthly Access Fee

There are no monthly access fees on the Home Loan Offset Account.

$0

Transaction Fee

There are no transaction fees on the Home Loan Offset Account*.

$0

ATM Withdrawal Fee (Australia and Overseas)

Credit Union SA does not charge for ATM withdrawals*.

$0

If this sounds like the account for you, contact us for more information.

Looking for a savings account that delivers great interest no matter how many deposits or withdrawals you make? Our Netsave Account ticks every box.

Find out more

Help me save and budget

Setting a budget can help you to save for the things that you want easily and quickly. Credit Union SA's guide will help you work toward your goals.

Read more

Flexible banking

Mobile Banking App

Available for both Apple and Android smart devices, the Credit Union SA Mobile Banking App allows you to utilise all the best functionality of our website and Internet Banking services – anytime and anywhere you have an internet connection.

Learn more

Digital Wallet

Digital wallets can be used to pay for purchases via a Credit Union SA Visa Debit Card or Visa Credit Card loaded into your smart device, wherever mobile payment systems are offered.

Learn more

The credit union difference

At Credit Union SA, we offer all the same services as a bank but with one very important difference - our highest priorities are our members and our community.

Learn more

FREQUENTLY ASKED QUESTIONS
View all Accounts FAQs

Credit Union SA has a range of Transaction Accounts for you to choose from giving you the control to select the account type that suits your banking needs best.

The all-in-one Access Account gives you the flexibility to conduct your day-to-day banking whenever and however you want. It’s completely free from transaction fees* and there are no monthly fees.

There are also no fees for card order or reissues, and online banking with this account is available 24/7 with Internet Banking and our Mobile Banking App.

Find out which transaction account is best for you.


*We do not charge any fees when using ATMs within Australia. However, some ATM operators may charge a fee to process your transaction or balance enquiry. If withdrawing cash overseas a fee may be charged by the ATM operator and the details will be disclosed at the time of the transaction or enquiry. Other fees and charges may apply. This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.

We do not charge any fees when using ATMs within Australia. However, some ATM operators may charge a fee to process your transaction or balance enquiry. If withdrawing cash overseas a fee may be charged by the ATM operator and the details will be disclosed at the time of the transaction or enquiry. Other fees and charges may apply. This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.

This can depend on what you want to use your account for. View a list of all of our accounts, and their benefits.

Alternatively call (08) 8202 7777 during business hours or visit us at 400 King William Street, Adelaide.

If you're keen to say goodbye to big-profit banks and join the Credit Union SA community, we'd be delighted to welcome you aboard. And you'll be happy to hear that joining is easy to do. Find out more about the benefits of becoming a member.

Our requirements are that you

To apply for membership

Credit Union SA is South Australia's third largest credit union, with $1 billion in assets and over 50,000 members.

As a customer owned banking organisation, we are not driven by the need to return dividends to shareholders in the manner of the major banks. As a result, we're able to channel the profits we generate back to our membership and broader community.

This is achieved in the form of innovative new products and services, low fees, great interest rates, high levels of personal service, and community development initiatives and project funding.

Credit Union SA was formed on 1 October 2009 by a merger between former South Australian credit unions Satisfac and Powerstate, which had their origins in the education and industrial sectors respectively. Both organisations were renowned for their local knowledge

You can view your eStatements using your Mobile Banking App or Internet Banking.

Mobile Banking App

Go to ‘eStatements’ in the drop-down menu, then ‘View eStatements’ and choose from the list.

Internet Banking

Go to ‘Accounts’ on the top navigation bar, then ‘eStatements’ and choose from the list.

INFORMATION YOU SHOULD KNOW

*We do not charge any fees when using ATMs within Australia. However, some ATM operators may charge a fee to process your transaction or balance enquiry. If withdrawing cash overseas a fee may be charged by the ATM operator and the details will be disclosed at the time of the transaction or enquiry. Other fees and charges may apply. This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.

The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination