Home Loan Offset Account
Full transactional flexibility.
Our Home Loan Offset Account offers all the convenient day-to-day banking features you need, but with the huge added advantage of also lowering the amount of interest you pay on your eligible variable rate home loan and no monthly fees.
Here’s how it works
Let’s say your variable rate Home Loan balance is $250,000. If you link your Home Loan Offset Account with a balance of $50,000 to your home loan, you will only be charged interest on your home loan based on a $200,000 balance. Over the life of the loan it could save you thousands. Home Loan Offset Accounts are available with selected Credit Union SA Variable Rate Home Loans.
Ability to save thousands
The long-term reduction in home loan interest could be huge.
No monthly fee
There are no monthly access fees on the Home Loan Offset Account. Learn more
Free Visa Debit Card
With payWave access. Learn more
24/7 banking
With Internet Banking and our Mobile Banking Apps.
Tap. Pay. Done. It’s that easy. Say hello to Google Pay™
Home Loan Offset Account interest rate
| Product Name | Interest Rate |
|---|---|
| Home Loan Offset Account | 0.00% pa |
Interest is offset against your linked variable rate home loan - refer to the Deposit Accounts and Access Services Terms and Conditions brochure for more detail.
Home Loan Offset Account fees
Fee
Amount
Monthly Access Fee
$0
ATM Withdrawal Fee (Australia and Overseas)
$0
Like to know more?
If this sounds like the account for you, contact us for more information.
Contact us
You can contact us by calling us, visiting us, making an appointment, or using Secure Mail.
Netsave Account
Looking for a savings account that delivers great interest no matter how many deposits or withdrawals you make? Our Netsave Account ticks every box.
FREQUENTLY ASKED QUESTIONS
View all Accounts FAQsYes, you can use your card at any ATM. Although, we don’t charge any fees when using ATMs within Australia1, some ATM operators may charge a fee to process your transaction or balance enquiry. If withdrawing cash overseas, a fee may be charged by the ATM operator and the details will be disclosed at the time of the transaction or enquiry.
If you're keen to say goodbye to big-profit banks and join the Credit Union SA community, we'd be delighted to welcome you aboard. And you'll be happy to hear that joining is easy to do. Find out more about the benefits of becoming a member.
Our requirements are that you
- Complete our online Membership Application form
- Can adequately verify your identity.
To apply for membership
- Complete our online Membership Application form
- Visit us at 400 King William Street, Adelaide;
- Arrange an appointment with one of our Mobile Managers; or
- Call us on 13 8777 to have the form posted out to you.
Credit Union SA is South Australia's third largest credit union, with $1.7 billion in assets and over 54,000 members.
Credit Union SA was formed on 1 October 2009 by a merger between former South Australian credit unions Satisfac and Powerstate, which had their origins in the education and industrial sectors respectively. Both organisations were renowned for their local knowledge
As a customer owned banking organisation, we are not driven by the need to return dividends to shareholders in the manner of the major banks. As a result, we're able to channel the profits we generate back to our membership and broader community.
This is achieved in the form of innovative new products and services, competitive fees and interest rates, high levels of personal service, community development initiatives and project funding.
You can view your eStatements using your Mobile Banking App or Internet Banking.
Mobile Banking App
Go to ‘eStatements’ in the drop-down menu, then ‘View eStatements’ and choose from the list.
Internet Banking
Go to ‘Accounts’ on the top navigation bar, then ‘eStatements’ and choose from the list.
Help me save and budget
Setting a budget can help you to save for the things that you want easily and quickly. Credit Union SA's guide will help you work toward your goals.
Mobile Banking App
Available for both Apple and Android smart devices, the Credit Union SA Mobile Banking App allows you to utilise all the best functionality of our website and Internet Banking services – anytime and anywhere you have an internet connection.
Digital Wallet
Digital wallets can be used to pay for purchases via a Credit Union SA Visa Debit Card or Visa Credit Card loaded into your smart device, wherever mobile payment systems are offered.
The credit union difference
At Credit Union SA, we offer all the same services as a bank but with one very important difference - our highest priorities are our members and our community.
GUIDES AND NEWS
How we
can help
Contact us
You can contact us by calling us, visiting us, making an appointment, or using Secure Mail.
Call us
We’re here to answer any questions you might have – make sure you have your Access Code ready!
Visit us
400 King William Street, Adelaide has self-service options available to make your life easier.
Mobile Lending Managers
Our Mobile Lending Managers can help our members by phone or email, with video calls now available.
INFORMATION YOU SHOULD KNOW
We do not charge any fees when using ATMs within Australia. However, some ATM operators may charge a fee to process your transaction or balance enquiry. If withdrawing cash overseas a fee may be charged by the ATM operator and the details will be disclosed at the time of the transaction or enquiry. Other fees and charges may apply.
The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination.