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.