• 100% Offset Account

    • 100% Offset Account Image

      Reduce the amount of interest you pay on your loan

      Ideal for: First home buyers, Refinancers, Self-employed

      A Mortgage Offset arrangement links your Variable Rate loan with an Offset Deposit account, so that money you hold in your deposit account can reduce the amount of interest you pay on your loan.

      The more money you have in your offset account, the less interest you pay.

      Features:  

      Online - Easy, direct access to your savings via myRAMS

      Free transactions - Free ATM transactions available at any Westpac, St.George^, Bank of Melbourne & BankSA branded ATMs around Australia, EFTPOS and online

      Low fees - Low everyday account fee- view RAMS Deposit Fees and charges

      • Hypothetical scenario

        Vicky and Craig have a $100,000 RAMS home loan and $10,000 in a RAMS Offset account. At the end of each month the interest due on the home loan is reduced by the notional interest that would otherwise be paid to the RAMS Offset account. While repayments continue to be made on the $100,000, having excess funds in a RAMS Offset linked to your RAMS home loan can reduce the interest you pay on your home loan and can reduce the term of your loan.

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        Ideal for
        Interest rate p.a.
        Comparision rate* p.a. A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan
        Min loan
        size
        Redraw
        Annual fee
        Compare

        Full Feature Home Loan

        All you'll ever need in a home loan

        Owner-occupiers, first home buyers, refinancers  Popular6.96% 7.03% $15,000 YesN/A

        Low rate home loan

        No fuss, no frills, low rate

        First home buyers, owner occupiers  Popular6.15% with intro
        period
        6.47% $15,000 YesN/A

        Investor home loan

        Reach your investment goals

        Investors6.21% 6.49% $15,000 YesN/A

        Low doc home loan

        Working harder for the self-employed

        Self-employed7.16% 7.44% $15,000 YesN/A
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