Does an offset account earn interest?
No, offset accounts do not earn interest. Instead, your linked Spend, Bills and Save accounts can offset the interest charged on your variable rate Flex home loan.
Remember: If you change your Save account to an offset account during a month you won’t earn any interest for that month.
You can choose to wait until the first day of the next month to make your Save account an offset account if you want to earn any payable bonus interest for the previous month.
Call us on 13 30 80 to link your new or existing ubank accounts to offset your loan.