Mortgage Offset Account

Enjoy the flexibility of an offset account like an everyday transaction account. The credit balance offsets what's owed on an eligible G&C Mutual Bank home loan to reduce the interest you pay whilst still giving you the flexibility of 24/7 access to your funds when you need them.

Offset accounts can be linked to many of our home loans.

No monthly fee
Effective way to save interest over the life of your home loan
Pay off your home loan sooner
At call access to your funds 24 hours a day, 7 days a week

0.00 % p.a. Interest rate

Daily Balance	Interest Rate
$0 plus	0.00% p.a.

Product Features:

Saving Features
Minimum opening deposit :	$0
Funds available :	At Call – 24/7 access
Statement options :	Online statements
Monthly account fee :	$0
Transaction fees :	Unlimited free transactions available – refer to our fees and charges brochure
Service centre access :	Yes
Visa debit card :	Yes
Direct credit :	Yes
Direct debit :	Yes
Quick debit :	Yes
Periodical payment :	Yes
BPAY :	Yes
Bank@Post :	Yes
Interest calculation :	Calculated on daily balance and paid monthly
Conditions :	Offset monthly to linked home loan

Savings calculators

Discover your savings potential and estimated interest earnings with our savings calculators.

Product Features:

Saving Features

Savings calculators

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Updated terms and conditions – March 2025

Relief for members impacted by Tropical Cyclone Alfred