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Transaction Accounts

Home Loan Offset Account Reduce your home loan interest without lifting a finger

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. It’s completely free from transaction fees* and there are no monthly fees if you're under 35, over 55, a full-time student, have a Credit Union SA Home Loan Package or you make electronic deposits (such as your payroll) of at least $2,000 to your account each month.

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

You just need to meet any of the criteria outlined in the general product description on this page. But even if you don't, it's only a low $5.

Free Visa debit card

With payWave access.

24/7 banking

With Internet Banking and our Mobile Banking Apps.

Interest rates and fees

Product Name Interest Rate
Home Loan Offset Account 0.00% pa
Fee Amount
Monthly Access Fee
Just meet any of the criteria outlined above to qualify for a monthly access fee waiver.$5
Transaction Fee
There are no transaction fees on the Home Loan Offset Account*.$0
ATM Withdrawal Fee (Australia and Overseas)
Credit Union SA does not charge for ATM withdrawals*.$0

How we can help

Putting four walls around you shouldn’t do the same to your finances.

The ultimate in savings and flexibility.

If you don’t like affordable flexibility and high levels of merchant acceptance, look away now.

We’re here to protect what’s most valuable to you.

*While no transaction fees are charged by us, a fee may be charged by the ATM operator if transactions are performed using an ATM that is not part of the national network of rediATMs. Other fees and charges may apply. This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.