Mortgage Offset Account
This savings account helps reduce the interest you pay on your mortgage. Funds are available at call. You can set up bill payments and use internet and phone banking on this account.
- Base rate
- 0%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Counter Cash withdrawal fee up to $24,999 First 3 free if part of Reduced Fees program | Transaction | $2.00 |
| Default Notice Fee Payable if and when we send you a default notice for an overdrawn account where an arrears remains unremedied after we have sent you an arrears letter | Event | $21.50 |
| External Electronic Periodical Payments If part of the Reduced Fees program, the first 3 transactions are free. Per transaction if Police Bank staff set up on your behalf. | Transaction | $1.00 |
| Counter Cash withdrawal $25,000 and over Per cash withdrawal $25,000 or over | Transaction | $50.00 |
| Document Retrieval Fee Minimum $22.77 per hour retrieval fee and minimum $30 per hour administrative fee. Payable on request for documents to be retrieved | Event | $0.00 |
| Additional Statement Fee $1.50 per page. Payable if and when you request an additional statement. | Event | $5.00 |
Features
- Contributes to Reduced Fees Program. Simply maintain a combined monthly balance of $5000 or more worth of savings, investments or loans and you will receive more fee free ATM and EFTPOS transactions as well as qualify for fee rebates.
- Direct Debits. A facility to make direct debit payments from your account
- PayID
- Email Address. Select the Contact Method that you would like to use for your PayID i.e. your mobile number or email address.
- Digital banking
- Phone banking. You can pay bills via BPAY and check your account details or make transfers anytime or anywhere online with Internet Banking – the service is free.
- Real-time payments (NPP)
- NPP allows participating banks and financial institutions to process, clear and settle Osko® Fast Payments (which are payments made and received in near real-time) and NPP Quick Payments.
- Digital banking
- Internet banking. You can pay bills via BPAY and check your account details or make transfers anytime or anywhere online with Internet Banking – the service is free.
Eligibility
- Minimum age — 18 years
- Residency status — Australian Residents
- Residency status — Australian Citizen
- Individuals onlyIndividuals
More Information
Published by Police Bank under the Consumer Data Right · Last updated 21 May 2026 · Product ID c7b52b14-0eef-490f-a6a7-07b3a4d3eea9 · View on CDR.gov.au · View Source Data (JSON)