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.
Interest rates and fees
|Product Name||Interest Rate|
|Home Loan Offset Account||0.00% pa|
|Monthly Access Fee|
|There are no monthly access fees on the Home Loan Offset Account.||$0|
|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?
*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.