The Finance Algorithm
Broken Hill Bank

S70 Mortgage Offset Account

A Mortgage Offset Facility Allows You To Accumulate Savings In A Specific Savings Account And Use That Account Balance To Reduce Interest On Your Home Loan.

Savings & transaction accountsBank updated 23 Sept 2026
At a glance
Pricing
Rates on application
§ 02 — Fees · 17
FeeTypeAmountWhenNotes
Account Combination FeeEvent$15
Dishonour FeeEventNo fee
Dormant Acount FeeEvent$10
Faxed Statement/Transfer FeesEvent$10
IPEX / Swift Payment FeeEvent$35
Miscellaneous Service FeeEvent$35
Over The Counter External Transfer FeeEvent$9
Periodical Payment AlterationEvent$5
Periodical Payment RejectionEvent$15
Staff Assisted Internet Banking TransactionEvent$5
Statement Copy Fee (> 12 Months)Event$5
Swift Payment DepositEvent$35
BPay Transaction FeeTransactionNo feeOnly customers older than a minimum age receive the discount
Direct DebitTransactionNo feeOnly customers older than a minimum age receive the discount
Electronic Funds Transfer FeeTransactionNo fee
Member Cheque WithdrawalTransactionNo feeOnly customers older than a minimum age receive the discount
Periodical Payment FeeTransactionNo fee
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactionsApplePay, GooglePay And SamsungPay"Relationship Rewards"
  • · Reduce The Interest On Your Home Loan
  • · No Monthly Account Keeping Fees
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Residency: Australian Citizens Or Permanent Residents
  • · Minimum balance $5,000
  • · Subject To Eligibility For Credit Via Loan Application Assessment

Published by Broken Hill Bank under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.