Police Bank
Mortgage Offset Account
This savings account helps reduce the interest you pay on your mortgage. Funds are available at call. You can set up bill payments and use internet and phone banking on this account.
Savings & transaction accountsBank updated 29 July 2026
At a glance
- Base rate
- 0.00%
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | — | 0.00% | — | paid every 1 mo |
§ 02 — Fees · 10
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Direct Debit Dishonour Fee | Dishonour | $9 | — | Direct Debit Dishonour Fee per transaction |
| Additional Statement Fee | Event | $5 | — | $1.50 per page. Payable if and when you request an additional statement. |
| Default Notice Fee | Event | $21.50 | — | Payable if and when we send you a default notice for an overdrawn account where an arrears remains unremedied after we have sent you an arrears letter |
| Document Retrieval Fee | Event | No fee | — | Minimum $22.77 per hour retrieval fee and minimum $30 per hour administrative fee. Payable on request for documents to be retrieved |
| Dormant Accounts fee | Event | $10 | — | After 3 years an account is classed as dormant if no Member transactions occur. Interest, fees and government charges are not classed as transactions. |
| Overdrawn Savings Account Fee | Event | $15 | — | Payable when any Savings Account is overdrawn by $75 or more within a calendar month Interest will also be charged at the then current Overdraft interest rate |
| Third Party Costs | Event | No fee | — | At Cost. Any costs charged to us from a third party will be passed on to you. Information on these costs is available on request. |
| Counter Cash withdrawal $25,000 and over | Transaction | $50 | — | Per cash withdrawal $25,000 or over |
| Counter Cash withdrawal fee up to $24,999 | Transaction | $2 | — | First 3 free if part of Reduced Fees program |
| External Electronic Periodical Payments | Transaction | $1 | — | If part of the Reduced Fees program, the first 3 transactions are free. Per transaction if Police Bank staff set up on your behalf. |
§ 03 — Features
Instant paymentsPayIDDigital banking55 interest-free daysGoogle PaySamsung PayApple Pay
- · Contributes to Reduced Fees Program. Simply maintain a combined monthly balance of $5000 or more worth of savings, investments or loans and you will receive more fee free ATM and EFTPOS transactions…
- · Direct Debits. A facility to make direct debit payments from your account
- · Periodical Payments. Account allows Periodical Payments via Cheque and can also make External Periodical Payments
- · Direct Credits. Make regular credits like your pay into this account
- · Periodical Payments. Can set up Periodical Payments
- · Direct Credits. Set regular payments like your pay sent straight to your account
- · Bank@Post. Withdraw cash at any participating Australia Post outlets with Bank@POST™
- · Direct Debits. Set up Direct Debits from this account
- · Visa Preferred Rewards. Our Visa Card provides access to the Visa Entertainment program. This gives you the opportunity to purchase unique deals including preferred seating at special events, discoun…
- · ATM withdrawals. up to $1000
- · Visa PayWave. Our Debit Card is issued with the Visa PayWave ‘contactless’ payment feature. This allows you to pay for purchases under $100 without swiping, signing, or entering a PIN at participatin…
- · Verified by Visa. Verified by Visa is a service designed to ensure you are protected while shopping online with your Visa card. As you make a purchase online, Police Bank assesses the risk of the tra…
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Australian Citizen
- · Available to individuals
§ 05 — Compare
§ 06 — Run the numbers
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Published by Police Bank under the Consumer Data Right, last changed by them on 29 July 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.