Why an Offset Account?
To open an Offset Account you need to have an eligible MyState Bank Home Loan. Your account balance is 100% offset against your linked Home Loan before the interest is calculated. So you pay less. The interest you save with an Offset Account can be huge over the life of the loan, and you can help shorten your loan term by years.
Monthly account fee of $8
Loaded with clever new banking tech that shows you where your money goes
Pay your way
With ApplePay, Google Pay™, Samsung Pay and more
No ATM fees
When using one of 10,000 major bank ATMs in Australia
Join 93,898+ of our customers who've changed the way they bank
Earn up to 1.20% p.a. variable interest
Pair your Offset Account with a Bonus Saver Account and earn up to 1.20% pa variable interest on balances up to $250,000 to really boost your savings. Here's how:
3. Make 5+ settled Visa Debit transactions each month
Everyday spending just became everyday saving
Activate Auto-Savings on your Offset Account, and you can choose to automatically move money across to your savings when you’ve got a little extra to squirrel away. It’s like putting your savings on autopilot, so you can sit back, relax and watch your bank balance grow.
What fees are associated with a Offset Account?
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