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Offset Account Calculator
What your offset balance saves in interest
About this calculator
Money in an offset account is subtracted from the balance you're charged interest on — park $40k and it's as if $40k of your loan isn't charged interest. Keep repayments the same and the interest saved goes to principal, shortening the loan.
Frequently asked
How is an offset different from a savings account?
An offset reduces your loan interest daily — its effective return equals your mortgage rate and is generally tax-free, whereas savings-account interest is taxable income.