Offset Accounts on Eligible Loans

Imagine paying back your home loan sooner than you thought possible and cutting the amount of interest paid, without having to increase your repayments.

Having an offset account that operates like a savings account but instead of paying interest it reduces the amount of interest you pay on your home loan. This account can save you thousands of dollars in interest. There are two offset accounts to choose from:

• The Loan Offset Account is an everyday access account that cuts the amount of interest you pay on your loan.
• The Mortgage Crusher Account is an access account offering 100% interest offset.

Deposits with Heritage Building Society are protected under the terms of the Australian Government guarantee, together with the depositor protection provided by the Banking Act.