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Transaction Accounts

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.

Contact us Call us (08) 8202 7777


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?

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.

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

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™.

We understand how hard it can be for first home buyers to get into the property market.

*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.