Continue session?We've noticed your session's been inactive for a while. For security, your session will time out in .
Continue your session
Session time outYour session's been inactive for a while, so we've logged you off from NetBank to keep your accounts and details safe.
Having an offset account linked to your home loan could help you pay less interest over time.
Understanding offset accounts
An Everyday Offset account is a transaction account linked to your Standard Variable Rate home loan. Any money in the account will be deducted from your loan balance meaning you’re only charged interest on the difference.
For example, if you have $50,000 in your offset account and your loan balance is $200, 000 you’ll only pay interest on $150, 000 of your loan balance.
Features & benefits
100% of the money in your offset account will be deducted from your home loan balance before interest is charged.
Save on interest charges
The more money you have in your offset account the less interest you’ll pay on your home loan.
Pay your loan off sooner
Paying less interest over time, could also reduce the time it takes to pay off your loan.
Link to multiple accounts
Ability to link your home loan to multiple accounts so long as they are in the name(s).
Access your money anytime
You can access your money using your CommBank keycard or Debit Mastercard®, in branch or online in NetBank and the CommBank app.
No minimum balance
There’s no minimum balance needed for the offset to be applied to your home loan.
Mastercard is a registered trademark of Mastercard International Incorporated.
Everyday Offset is a feature of our Complete Access Transaction Account which is linked to an eligible home loan, and accountholder/s must also be accountholders of the linked home loan. Interest is not charged on that part of the Home Loan balance equal to the balance of the Complete Access account.
As this advice has been prepared without considering your objectives, financial situation or needs, you should before acting on this advice, consider its appropriateness to your circumstances. Please view our Financial Services Guide (PDF). Full terms and conditions for transaction and savings accounts (PDF) mentioned are available here or from any branch of the Commonwealth Bank. If you have a complaint in respect of this product, the Commonwealth Bank’s dispute resolution service can be accessed on 13 2221.