Your secret weapon for saving on interest.
An offset account is an everyday transaction or savings account that’s linked to your variable home loan. The more money you have in your account, the less interest you’ll pay on your monthly home loan repayment.
Features and benefits.
100% offset.
Link multiple offset accounts.
Easy access to your money.
Simple digital banking.
How do offset accounts work?
Offset accounts work like typical transaction or savings accounts. You can move money around, pay for items or services via a debit card, and make deposits.
The real benefit comes when the monthly interest on your loan is calculated^. Instead of charging you interest on the full loan amount you owe, we’ll first subtract the balance in your offset account. Put simply: the more you have in your offset account, the more you save on interest.
For example, let’s say that you have a home loan of $300,000. If you have $20,000 deposited in your offset account, the bank will only charge you interest on a loan balance of $280,000.
Apply for an Offset Account.
Our Offset Account is available with our Variable Total Home Loan Package. Already have a home loan with us? Contact your Lending Specialist, give us a call, or visit a branch to explore your eligibility for an account.
Making the most of your offset account.
As a member-owned bank, we're dedicated to helping you improve your financial wellbeing so that you feel confident and in control of your money.
Here are our top tips to maximise the benefits of an offset account.
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Pay your salary directly into your account
Update your payment details with your employer for an easy win. -
Avoid withdrawing your money if you can
The more money you have in your offset account and the longer you keep it there, the more you save on interest. -
Pay extra sums into your offset
Got a bonus at work or made a little on the side? Even a few hundred dollars can make a big difference in the long run.
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100% Offset is only available on Variable Rate Home Loans. |
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The benefit is calculated daily based on the account's balance and applied to the interest amount charged at the end of the month. |
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This information is of a general nature only and does not take into consideration your objectives, financial situation or needs. The information must not be relied upon as financial product advice. Before acquiring any product you should read the relevant guides, Product Disclosure Document, and consider whether a product is suitable for your circumstances to decide if a product is right for you. |
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All applications for credit are subject to Beyond Bank’s credit assessment criteria. Terms and conditions are available on request. Fees and charges apply. This information is available on our website at beyondbank.com.au/about-us/corporate-governance/disclosures, by calling us on 13 25 85 to request a copy or by visiting a branch. |
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All products and services are provided by Beyond Bank Australia Ltd ABN 15 087 651 143 AFSL/Australian Credit Licence 237856. © 2026. |