MoneyMAX Offset allows you to use any spare cash to save interest on your home loan, while retaining fast and easy access to your money.

MoneyMAX Offset account(s) are linked to your mortgage account – Bankstown City Credit Union will only charge interest on the net balance of these accounts(s).

For example, if your mortgage balance is $100,000, and you hold $10,000 in your MoneyMAX Offset account(s), then interest is only charged on the net balance of $90,000.

Over time, the savings in your MoneyMAX Offset account(s) will help you pay off your mortgage quicker; all while retaining easy access to your savings.

Flexibility

You can choose how you want to transact – whether it’s online, via phone banking, direct credit, or direct debit. And you can access your money 24 hours a day, 7 days a week with FREE unlimited transactions using Internet banking and phone banking. So whether you have money coming or going, you’ll find it easier to manage the flow.

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