2 thoughts on “What is a Mortgage Offset Account?

  1. john.doe@microsoft.com'
    John Reply

    good article, but how did you calculate of saving only $12 per month for the partial offset 1.5% ?
    please advise

    • The Money Geek Post authorReply

      Hi John,

      Simple interest example used where a $10,000 offset at 1.5% p.a. = $150 per annum. $150 per annum divided by 12 = $12.50 per month.

      Glad you liked the article!

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