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An offset account can help you reduce the amount of interest you pay on your home loan. Find out if an ANZ One offset is right for you and which home loans are eligible.
An offset account is a transaction account linked to an eligible home or investment loan. The money you have in this account can be used to ‘offset’ the amount you owe on that loan, and you’ll only be charged interest on the difference.
If you have an eligible loan such as an ANZ Standard Variable loan or a one year ANZ Fixed loan, you could consider linking an offset account to it (a fee of $10 per month applies). The more money you have in your linked offset account, the less interest you'll need to pay on your home loan.
Use this account to
(Example based on a 30 year loan at a constant interest rate of 5% p.a. with a constant daily balance of $100,000 in your offset account and minimum repayments being made throughout).
Both offset accounts and redraw facilities can help reduce the amount of interest you pay on your loan, but they work in different ways. ANZ Redrawdisclaimeris a feature that lets you withdraw funds from extra repayments you've made on your home loan.
Learn more about the difference between redraw and offset
Provide us with your details and one of our home loan specialists will get in touch. They can discuss issues including:
As well as any other home loan queries you may have.
Call back time is 1-3 business days.
Begin your home loan application journey by providing details about:
One of our home loan specialists will then be in touch to progress with your application.
Call back time is 1-3 business days.
Meet with a mobile lenderdisclaimer
You can also chat to an ANZ accredited broker for help with your home buying, investing or refinancing needs.
The information on this page does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and read the relevant terms and conditions, Product Disclosure Statement and the ANZ Financial Services Guide (PDF) before acquiring any product.
Applications for credit subject to approval. Terms and conditions available on application. Fees and charges apply. Australian credit licence number 234527.
The target market for these products can be found within the product’s Target Market Determination, available here.
A $10 servicing fee applies per month per ANZ One offset account. Please refer to ANZ Personal Banking Account Fees and Charges (PDF) for fees and charges that apply.
ReturnTerms and Conditions and eligibility criteria apply to ANZ Redraw. ANZ Redraw is not available on loans in a company name. For further information on ANZ Redraw please refer to the ANZ Consumer Lending Terms and Conditions (PDF).
ReturnANZ Mobile Lenders operate as an independently operated ANZ Mortgage Solutions franchise of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Australian Credit Licence Number 234527.
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