If you’re looking for a way to minimise the interest payments on a home or investment loan, a mortgage offset account could be the perfect solution. The BDCU Alliance Bank Home Loan Offset Account is a transaction account that offers all the features you’d expect from an everyday account, including no ongoing fees and a number of easy access options.
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BDCU Alliance Bank Home Loan Offset
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $5
- Overseas transaction fee of transaction value
- 3%
Our verdict
Reduce your home loan interest payments and take advantage of no monthly fees with a BDCU Alliance Bank Home Loan Offset Account.
This account is suited to customers who have a home loan with BDCU alliance Bank. It acts as a 100% offset account, offsetting the interest payable on a home or investment loan. The account can be linked to three different home loans offered by BDCU Alliance Bank, allowing you to save money and pay off your loan sooner.
As an added benefit, there's no monthly account keeping fee charged. The account comes with debit card access, so you can use it as your day-to-day transaction account while it's also offsetting your home loan interest at the same time.
Pros
-
100% offset account
-
$0 account keeping fees
-
Account available at call
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24/7 Internet and phone banking
Cons
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You do not earn interest on this account
-
You must have a loan with BDCU
Details
Key details
| Product Name | BDCU Alliance Bank Home Loan Offset Account - Discontinued |
| Monthly account fee | $0 |
| Card access | Visa |
| Own network ATM fee | $0 |
| International ATM Fee | $5 |
| International transaction fee | 3% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | Apple Pay, Google Pay, Samsung Pay |
Eligibility
| Minimum Age | 18 |
| Joint account availability | No |
| Minimum opening deposit | N/A |
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Alison Finder
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