The Finance Algorithm
Goulburn Murray Credit Union Co-Operative Ltd

My Offset

The My Offset account uses your savings balance to reduce the interest charged to an eligible gmcu home loan.

Savings & transaction accountsBank updated 9 Apr 2026
At a glance
Base rate
0.00%
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
Variable0.00%
§ 02 — Fees · 4
FeeTypeAmountWhenNotes
ATM_BALANCE_ENQUIRYEvent$0.50Each time a balance enquiry is requested at an ATM
DECLINED_ATM_OR_EFTPOS_TRANSACTIONEvent$1Each time an ATM or EFTPOS transaction is declined
CHEQUES_YOU_DEPOSITTransaction$0.20Fee for every cheque you deposit to your account
BRANCH_WITHDRAWALWithdrawal$4Includes all in-branch cash transfer and BPAY withdrawal My Everyday - Monthly Branch Withdrawal Fee free allowance Christmas Saver- Branch Withdrawal Fee Exemption
§ 03 — Features
Offset accountInstant paymentsPayIDDigital bankingUnlimited transactions
§ 04 — Eligibility & limits
  • · Available to individuals
  • · Minimum balance $1
  • · product is only available to members with an eligible gmcu home loan

Published by gmcu under the Consumer Data Right, last changed by them on 9 Apr 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.