Offest savings calculator
Find out how much interest you could save by using an offset account — and how it can help you pay off your loan sooner.
What is an Offset Account?
An offset account is a transaction account linked to your home loan. Instead of earning interest on your savings, the balance is “offset” daily against your loan, reducing the interest charged on your mortgage.
For example: If your loan balance is $600,000 and you have $50,000 in your offset, you’ll only be charged interest on $550,000.
What This Calculator Estimates
Our Offset Savings Calculator shows you:
• How much interest you could save over the life of your loan.
• How your repayment schedule may shorten.
• The long-term impact of maintaining a consistent savings buffer.
Even modest amounts (e.g. $20,000–$30,000) in offset can save tens of thousands in interest over time.
Offset vs Redraw – What’s the difference?
• Offset Account: Keeps your savings fully accessible 24/7 while reducing loan interest.
• Redraw Facility: Lets you make extra repayments and access them later — but with more conditions or delays.
Offset is often better for flexibility and visibility — especially for variable rate loans with good features.
Want to see how an offset could work for you?
Book a free chat with a kredi broker to explore offset-friendly lenders and smart ways to structure your repayments.