The Finance Algorithm
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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

Fees

17 fees published, grouped by when they're charged.

When you make a transaction5

  • BPay Transaction Fee

    Only customers older than a minimum age receive the discount

    No fee
  • Direct Debit

    Only customers older than a minimum age receive the discount

    No fee
  • Electronic Funds Transfer Fee
    No fee
  • Member Cheque Withdrawal

    Only customers older than a minimum age receive the discount

    No fee
  • Periodical Payment Fee
    No fee

When particular things happen12

  • Account Combination Fee
    $15
  • Dishonour Fee
    No fee
  • Dormant Acount Fee
    $10
  • Faxed Statement/Transfer Fees
    $10
  • IPEX / Swift Payment Fee
    $35
  • Miscellaneous Service Fee
    $35
  • Over The Counter External Transfer Fee
    $9
  • Periodical Payment Alteration
    $5
  • Periodical Payment Rejection
    $15
  • Staff Assisted Internet Banking Transaction
    $5
  • Statement Copy Fee (> 12 Months)
    $5
  • Swift Payment Deposit
    $35

Features

Instant paymentsPayIDDigital bankingUnlimited transactionsApplePay, GooglePay And SamsungPay"Relationship Rewards"
  • Reduce The Interest On Your Home Loan
  • No Monthly Account Keeping Fees

Eligibility and 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.