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Is there any benefit if the bank direclty takes out monthly repayments for my mortgage from my offset account instead of savings account ? (aussie.zone)

submitted 5 months ago by yoz@aussie.zone to c/ausfinance@aussie.zone

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[–] Taleya@aussie.zone 1 points 5 months ago (1 children)

We throw a bit over our mortgage every month into our offset. The offset account is nearly 40k, and it counts towards 'paid off' for interest purposes. It's worth doing as it can grow your offset, and reduce your payments. Think of it as extra payments you can 'claim back' if need be.

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[–] yoz@aussie.zone 1 points 5 months ago

Thanks

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