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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 any First Home Buyer Loan, Momentum Home Loan, Standard Variable Home Loan or an eligible Choice Home Loan.

  • 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

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In the spirit of reconciliation G&C Mutual Bank acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. We support the Uluru Statement from the Heart to achieve justice, recognition and respect for First Nations people.


Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review G&C Mutual Bank's Terms and Conditions before acquiring the product.

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