Home Loan Offset Account
Reduce your mortgage interest with a free 100% offset account
- Base rate
- 0%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 15.9% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0% | — | monthly |
Features
- Card access — Visa Debit Card with payWave
- Digital wallet — Use your compatible Apple device to make payments
- Digital wallet — Use your compatible Android device to make payments
- Digital banking
- PayID
- Real-time payments (NPP)
- Bill payment (BPAY) — Pay bills from this account
- Notifications — SMS/Email Alerts - Set up SMS or email alerts for credits, debits, logins to your account and more
Eligibility
- Individuals only
- Residency status — If not an Australian resident, you must complete a Tax Residency Declaration. Loan Products are restricted to Australian Citizens
- Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own your Bank". $10 share is refunded if you choose to close your account.
- To be eligible to join you must be referred by a family member or friend who already has an account with LCU. Alternatively you may be eligible to join if you: work or live in the greater Ryde area; have an association with Riverside Corporate or Macquarie Park; or work in a STEM industry.
- You must have a mortgage secured loan in the same name as the offset account
More Information
Published by Laboratories Credit Union under the Consumer Data Right · Last updated 27 January 2026 · Product ID S40_OFFSET_ACCOUNT · View on CDR.gov.au · View Source Data (JSON)