S70 Mortgage Offset Account
Transaction & Savings AccountsData Sharing Status
A Mortgage Offset Facility Allows You To Accumulate Savings In A Specific Savings Account And Use That Account Balance To Reduce Interest On Your Home Loan.
Fees
| Fee | Type | Amount |
|---|---|---|
| Dormant Acount Fee | Event | $10.00 |
| Periodical Payment Rejection | Event | $15.00 |
| Periodical Payment Alteration | Event | $5.00 |
| Periodical Payment Fee | Transaction | $0.00 |
| Statement Copy Fee (> 12 Months) | Event | $5.00 |
| IPEX / Swift Payment Fee | Event | $35.00 |
| Swift Payment Deposit | Event | $35.00 |
| Electronic Funds Transfer Fee | Transaction | $0.00 |
| Miscellaneous Service Fee | Event | $35.00 |
Features
- Digital banking
- 24/7 Banking And Instant Access To Your Accounts Via Laptop, Tablet Or Smartphone
- Digital wallet — ApplePay, GooglePay And SamsungPay
- Secure Contactless Payments, With ApplePay, GooglePay And SamsungPay, With Your Phone
- Loyalty program — "Relationship Rewards"
- "Relationship Rewards" - Providing You The Opportunity For Fee-Free Banking
- Real-time payments (NPP)
- "New Payments Platform (NPP)" - Making Payments Faster And Simpler
- PayID
- "PayID" - An Alternative Way To Make Payments Instead Of Remembering Account Numbers
- Reduce The Interest On Your Home Loan
Eligibility
- Minimum age — 18 years
- Subject To Eligibility For Credit Via Loan Application Assessment
- Residency status — Australian Citizens Or Permanent ResidentsResidents Of Australia Are Eligible
Constraints
- Minimum balance — $5,000.00The Mortgage Offset Savings Account Does Not Earn Interest, Instead An 'Offset Figure' Is Calculated On Balances And This Is Used To Reduce Interest Payable On The Loan.
More Information
Published by Broken Hill Bank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 22 · View on CDR.gov.au