Offset Account Simulator
See how parking money in an offset account can dramatically reduce your loan term and total interest. Adjust the sliders to explore scenarios.
✈️ Flight Parameters
$0$500,000
📡 Comms Window
Monthly Repayment
$2,998
Interest Saved
$0
Time Saved
No impact
Your monthly payment is $2,998. You save $0 and pay off your loan No impact earlier.
How Offset Accounts Work
An offset account is a transaction account linked to your home loan. The balance in this account is "offset" against your loan principal, so you only pay interest on the difference. For example, with a $500,000 loan and $50,000 in your offset account, you only pay interest on $450,000.