An offset account is basically a savings account that’s linked to your home loan – but instead of earning interest, the money in the offset account acts to reduce the interest your loan accumulates.

100% offset

ME offers 100% offset accounts, meaning that every dollar in the account goes toward offsetting the interest from your home loan.

Available for variable-rate Flexible Home Loans

You can link up to eight offset accounts to any variable-rate Flexible Home Loan. You can either open an offset account when you take out your loan, or set one up later on.

Setting up an offset account

Already got a ME home loan and want to start an offset account? Send us a message using internet banking or call us on 13 15 63 to get your offset account up and running.

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