Home Loan Offset Account
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.
Features
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.
Free Visa Debit Card
With payWave access.
24/7 banking
With Internet Banking and our Mobile Banking Apps.
Interest rates and fees
| Product Name | Interest Rate |
|---|---|
| Home Loan Offset Account | 0.00% pa |
| 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 |
Want to do more with your money?
Home Loans
Find out more about our Special Offers, Home Loan Package, Standard Variable Rate Home Loans, Discounted Variable Rate Home Loans, and Fixed Rate Home Loans.
Netsave Account Apply now
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Access Account Transaction Account
Our Access Account is our fee free account with 24/7 banking, plus digital wallets including Google Pay™, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay™.
Get your foot in the door $5,000 First Home Buyers Grant
We understand how hard it can be for first home buyers to get into the property market.
*No transaction fees are charged by us. Your card is accepted at over 10,000 fee-free ATMs around Australia, including those branded Commonwealth Bank, ANZ, Westpac, NAB and BankSA.
From 1 July 2019, Credit Union SA is no longer part of the national network of rediATMs so please be aware that if you withdraw cash or access your account from a rediATM, you may incur a fee from the ATM owner. If withdrawing cash overseas a fee may be charged by the ATM operator. 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.