Best home loans with offset accounts

Keeping money in an offset account can mean you repay your home loan much faster. And who doesn't want that?

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1 - 20 of 3078
Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
loans.com.au logo
Principal & Interest10% min. depositInvestmentOffset account
loans.com.au logo
Principal & Interest10% min. depositInvestmentOffset account
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Product Nameloans.com.au Solar Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.19%
Comp. Rate p.a.6.53%
Minimum Loan Amount$50,000
Maximum Loan Amount $1,500,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.19%
Comparison Rate
6.53%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$4,287
Go to site
ANZ logo
Principal & Interest20% min. depositOwner-occupierOffset account
ANZ logo
Principal & Interest20% min. depositOwner-occupierOffset account
Go to site
Product NameANZ Plus Home Loan Variable Rate
Interest Rate TypeVariable
Repayment Type Principal & Interest
Interest Rate p.a.6.09%
Comp. Rate p.a.6.10%
Minimum Loan Amount$10,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.09%
Comparison Rate
6.10%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$4,242
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$2,000 cashback
Borrowers refinancing $250k or more to ANZ Plus before 31st March 2025 could get a cashback of $2,000. Excl. refinancers from ANZ or Suncorp. Other terms and conditions apply.
loans.com.au logo
Principal & Interest10% min. depositOwner-occupierOffset account
loans.com.au logo
Principal & Interest10% min. depositOwner-occupierOffset account
Go to site
Product Nameloans.com.au Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.04%
Comp. Rate p.a.6.08%
Minimum Loan Amount$50,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.04%
Comparison Rate
6.08%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$4,220
Go to site
loans.com.au logo
Principal & Interest10% min. depositInvestmentOffset account
loans.com.au logo
Principal & Interest10% min. depositInvestmentOffset account
Go to site
Product Nameloans.com.au Variable Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.34%
Comp. Rate p.a.6.38%
Minimum Loan Amount$50,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.34%
Comparison Rate
6.38%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$4,356
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Macquarie Bank logo
Principal & Interest40% min. depositOwner-occupierOffset account
Macquarie Bank logo
Principal & Interest40% min. depositOwner-occupierOffset account
Go to site
Product NameMacquarie Bank Offset Home Loan Package
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.14%
Comp. Rate p.a.6.39%
Minimum Loan Amount$150,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.14%
Comparison Rate
6.39%
Fees
Application: $0
Ongoing: $248 p.a.
Monthly Payment
$4,265
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Macquarie Bank logo
Principal & Interest30% min. depositOwner-occupierOffset account
Macquarie Bank logo
Principal & Interest30% min. depositOwner-occupierOffset account
Go to site
Product NameMacquarie Bank Offset Home Loan Package
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.14%
Comp. Rate p.a.6.39%
Minimum Loan Amount$150,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 70%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.14%
Comparison Rate
6.39%
Fees
Application: $0
Ongoing: $248 p.a.
Monthly Payment
$4,265
Go to site
Macquarie Bank logo
Principal & Interest40% min. depositInvestmentOffset account
Macquarie Bank logo
Principal & Interest40% min. depositInvestmentOffset account
Go to site
Product NameMacquarie Bank Offset Home Loan Package
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.34%
Comp. Rate p.a.6.59%
Minimum Loan Amount$150,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.34%
Comparison Rate
6.59%
Fees
Application: $0
Ongoing: $248 p.a.
Monthly Payment
$4,356
Go to site
Macquarie Bank logo
Principal & Interest30% min. depositInvestmentOffset account
Macquarie Bank logo
Principal & Interest30% min. depositInvestmentOffset account
Go to site
Product NameMacquarie Bank Offset Home Loan Package
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.34%
Comp. Rate p.a.6.59%
Minimum Loan Amount$150,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 70%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.34%
Comparison Rate
6.59%
Fees
Application: $0
Ongoing: $248 p.a.
Monthly Payment
$4,356
Go to site
Macquarie Bank logo
Principal & Interest20% min. depositOwner-occupierOffset account
Macquarie Bank logo
Principal & Interest20% min. depositOwner-occupierOffset account
Go to site
Product NameMacquarie Bank Offset Home Loan Package
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.19%
Comp. Rate p.a.6.44%
Minimum Loan Amount$150,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.19%
Comparison Rate
6.44%
Fees
Application: $0
Ongoing: $248 p.a.
Monthly Payment
$4,287
Go to site
Macquarie Bank logo
Principal & Interest20% min. depositInvestmentOffset account
Macquarie Bank logo
Principal & Interest20% min. depositInvestmentOffset account
Go to site
Product NameMacquarie Bank Offset Home Loan Package
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.45%
Comp. Rate p.a.6.70%
Minimum Loan Amount$150,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.45%
Comparison Rate
6.70%
Fees
Application: $0
Ongoing: $248 p.a.
Monthly Payment
$4,406
Go to site
Bank Australia logo
Principal & Interest 3Y Fixed10% min. depositOwner-occupierOffset account
Bank Australia logo
Principal & Interest 3Y Fixed10% min. depositOwner-occupierOffset account
Product NameBank Australia Clean Energy Variable Home Loan Renovate
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.14%
Comp. Rate p.a.6.18%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.14%
Comparison Rate
6.18%
Fees
Application: $0
Ongoing: $350 p.a.
Monthly Payment
$3,823
Bank Australia logo
Principal & Interest10% min. depositOwner-occupierOffset account
Bank Australia logo
Principal & Interest10% min. depositOwner-occupierOffset account
Product NameBank Australia Clean Energy Variable Home Loan Renovate
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.38%
Comp. Rate p.a.6.14%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.38%
Comparison Rate
6.14%
Fees
Application: $0
Ongoing: $350 p.a.
Monthly Payment
$3,927
Bank Australia logo
Principal & Interest 3Y Fixed10% min. depositInvestmentOffset account
Bank Australia logo
Principal & Interest 3Y Fixed10% min. depositInvestmentOffset account
Product NameBank Australia Clean Energy Fixed Home Loan New Build
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.44%
Comp. Rate p.a.6.34%
Minimum Loan Amount
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan Facility
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.44%
Comparison Rate
6.34%
Fees
Application: $0
Ongoing: $350 p.a.
Monthly Payment
$3,953
Community First Bank logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupierOffset accountSpecial
Community First Bank logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupierOffset accountSpecial
Product NameCommunity First Bank Accelerator Package Fixed Home Loan
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.49%
Comp. Rate p.a.6.31%
Minimum Loan Amount$100,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.49%
Comparison Rate
6.31%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,975
Bank Australia logo
Principal & Interest10% min. depositInvestmentOffset account
Bank Australia logo
Principal & Interest10% min. depositInvestmentOffset account
Product NameBank Australia Clean Energy Variable Home Loan Renovate
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.54%
Comp. Rate p.a.6.26%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.54%
Comparison Rate
6.26%
Fees
Application: $0
Ongoing: $350 p.a.
Monthly Payment
$3,997
Police Credit Union logo
Principal & Interest30% min. depositOwner-occupierOffset account
Police Credit Union logo
Principal & Interest30% min. depositOwner-occupierOffset account
Product NamePolice Credit Union Low Rate Home Loan
Interest Rate TypeVariable
Repayment Type Principal & Interest
Interest Rate p.a.5.89%
Comp. Rate p.a.5.95%
Minimum Loan Amount
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 70%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan Facility
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.89%
Comparison Rate
5.95%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$4,152
Police Credit Union logo
Principal & Interest30% min. depositInvestmentOffset account
Police Credit Union logo
Principal & Interest30% min. depositInvestmentOffset account
Product NamePolice Credit Union Low Rate Home Loan
Interest Rate TypeVariable
Repayment Type Principal & Interest
Interest Rate p.a.5.94%
Comp. Rate p.a.6%
Minimum Loan Amount
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 70%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan Facility
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.94%
Comparison Rate
6%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$4,175
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Showing 20 of 3078 results

What is an offset account?

An offset account is a bank account attached to your home loan. Instead of earning interest for you every dollar you have in your offset account will reduce the amount of interest you pay on your home loan.

The bank will use your loan minus your offset account balance to calculate the interest it charges.

Your monthly repayments stay the same, so you'll pay off your home loan faster.

While you don't earn interest on an offset account, the interest you save is usually at a much higher interest rate than you'd earn in your bank account.

Our best offset home loan for February 2025

loans.com.au Solar Home Loan - LVR 90% (Owner Occupier, P&I)

loans.com.au Solar Home Loan

  • $0 Application
  • $0 Annual Fee
  • 5.99% Interest rate
  • 6.44% Comparison rate

Pros & cons

  • Available for both owner-occupiers and investors
  • No application or ongoing fees
  • Extra repayments available
  • Minimum loan term of 15 years
  • Late payment fee of $150
  • Have to pay an extra 0.10% p.a. if you want to add an offset account

Why we like it

You need to have solar panels - or be planning to install them - to be eligible for this loan. But if that’s you, you can benefit from a really competitive interest rate. As a first home buyer it’s a particularly good home loan because of the higher LVR.
This home loan has a Finder Score of 9.16.

How does an offset account work?

If your loan amount is $500,000 and you save $1,000 in your offset account, your lender will calculate your daily interest charges on $499,000.

As long as that $1,000 remains in the offset account, you won't be charged interest on that amount of your home loan.

The more money you have in your account, the greater your financial savings will be.

Offset savings example

Your home loan: $750,000 over 30 years with an interest rate of 6.00%.

The interest you'll pay: $868,787 if your rate stays the same

Let's look at how much interest you'd pay with different amounts in your offset account.

Offset savingsInterest reduced byUpdated total to repayNew loan term
$10,000$42,031.27$1,576,755.1529 years, 3 months
$20,000$81,225.27$1,537,561.1528 years, 6 months
$50,000$184,500.28$1,434,286.1326 years, 5 months

Use our calculator below to see how much you could save by using an offset account.

The offset account is a magic little Aussie invention that lets you use every dollar twice, both for its intended purpose (holiday, school fees, emergencies, etc) and to save you lots of loan interest. To me, it's a must-have.

Nicole Pedersen-McKinnon

Nicole Pedersen-McKinnon
Freelance finance journalist

Offset account calculator

Use our calculator below to estimate how much time and money an offset account could save you. Just enter your mortgage details, the amount you will put into the offset account and how far into your mortgage you currently are.

Finder survey: Do Australians of different ages understand how offset accounts work?

Response75+ yrs65-74 yrs55-64 yrs45-54 yrs35-44 yrs25-34 yrs18-24 yrs
Yes65.12%68.94%81.87%82.13%83.86%78.64%40%
No34.88%31.06%18.13%17.87%16.14%21.36%60%
Source: Finder survey by Pure Profile of 1112 Australians, December 2023

How to save the most money with an offset account

How much you can save using an offset account depends on your loan amount, interest rate, how much money is in the offset account, when you put it there and how long it stays there.

  • Add money early. Adding $10,000 to your offset account at the start of a 30-year loan, will save you more than if you added that money 5 years into the loan. Any amount, even $1,000, will have an impact over the long term.
  • Add money often. If you can, have your salary or wages paid directly into your offset account, so your money is offsetting your interest during the month (before you spend it).
  • Limit withdrawals. If you need to pull money out of your offset account, it is as easy as withdrawing money from any bank account. This will readjust the calculation on your loan repayments, so try to keep as much money in the account as you can. For example, pay bills on the last possible due date so your money is offsetting your interest for a few more days.

Partial vs 100% offset account

Most offset accounts will offset your loan principal 100%, so every dollar you save in the account offsets your principal by the same amount, dollar for dollar.

Partial offsets only offset your loan principal to a specified percentage. For example, a partial offset may offset your principal by 60%, meaning $1 offsets your principal by 60 cents.

Partial offsets are significantly less beneficial and our calculator does not offer a partial offset calculation. It's not worth settling for a partial offset account when there are so many fully featured 100% offset account options available.

Alex Holderness's headshot

"I keep my savings in my home loan offset account so i can still access them in an emergency. This takes off over $100 in interest from my home loan each month, it may not sound like much, but it actually reduces the term of my loan by 3 years. Unlike a savings account, interest 'saved' under the offset is not taxed. You do have to pay an annual fee for an offset, mine is $350 - so it's worth using an offset calculator to see if it's worth it for your needs."

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Should I make extra mortgage repayments or put the cash into an offset?

At first glance, using an offset account seems similar to making extra repayments on your mortgage and just using your loan's redraw facility to pull money out as needed. In both situations, you get a reduction in interest charges, you pay off your loan faster and you still have access to your money – in theory.

But an offset account actually offers you more flexibility and control. The key difference is that money in an offset account belongs to you while extra repayments belong to your lender. Redraw facilities can come with restrictions or fees and your lender can change the rules at their own discretion and make it harder for you to access the money.

Money in an offset account may also give you greater tax deductions if you convert your home into an investment property.

Learn more about redraw vs offset

What if my offset savings are equal to my loan amount?

If you save enough money your offset savings could eventually equal the amount you owe on your home loan. This is obviously a great position to be in. But you have to decide what to do next.

You've essentially paid off your mortgage and if you want to end the home loan you can move the offset savings over to the loan and then discharge the mortgage. Now you're debt-free.

However, all of your offset savings have now been spent. If this is the bulk of your savings, you will suddenly be very low on cash, which leaves you financially vulnerable if an emergency or unexpected expense arises.

You could decide to repay most of the loan, leaving some savings accessible while you repay the final loan amount. Or you could keep going with all of your savings offsetting your loan. This means that every mortgage repayment you make will just be paying down the loan's principal and you won't be paying any interest at all.

Keep in mind any amount you put in an offset account above your outstanding loan balance will earn you nothing. So you may need to find a savings account at that stage for any further savings.

Nicole Pedersen-McKinnon

Nicole Pedersen-McKinnon
Freelance finance journalist

If you're not sure what the best option is for you, consider speaking to an experienced mortgage broker.

Watch: How offset accounts work

More articles and guides on offset accounts

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full Finder Score breakdown

Frequently asked questions about offset accounts

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James Millard's headshot
To make sure you get accurate and helpful information, this guide has been edited by Richard Whitten and reviewed by James Millard, a member of Finder's Editorial Review Board.
Sarah Megginson's headshot
Personal finance expert + Media spokesperson

With over 20 years of experience in property, finance and investment journalism, Sarah is a trusted expert whose insights regularly appear across television, radio, and print media, including Sunrise, ABC News, and Yahoo! Finance. She has previously served as managing editor for Your Investment Property and Australian Broker, and her expert advice has been shared over 2,500 times in 2023-2024 alone. Sarah holds a Bachelor’s degree in Communications and a Tier 1 Generic Knowledge certification, which complies with ASIC standards. See full bio

Sarah's expertise
Sarah has written 195 Finder guides across topics including:
  • Home loans
  • Personal finance
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  • Managing the cost of living