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offset account ECON

fixed offset account ECON

physical offset account ECON

project offset account ECON

Monolingual examples (not verified by PONS Editors)

English
An interest only loan with an offset account can be a practical strategy for owner occupiers, what next a ban on lines of credit too?
www.brokernews.com.au
You may want to consider parking that money in your mortgage offset account, which could be a better option.
www.bodyandsoul.com.au
I have $350,000 in a mortgage offset account so interest payments are $1,200 per month.
www.canberratimes.com.au
The reverse is that pulling $14990 out of an offset account will cost about $600 the first year in extra interest.
www.gizmodo.com.au
That can be done with an offset account linked to your loan, or by paying down a redraw-style loan ahead of schedule.
thenewdaily.com.au
Maybe you refinance your house and draw down on your mortgage so the money is sitting in the offset account.
www.huffingtonpost.com.au
Without an offset account, this $200,000 would be saved in a savings account which would have an interest rate of 3.5% per year.
en.wikipedia.org
Another common practice is for borrowers to be directed to interest-only loans, to be used in combination with a mortgage offset account.
theconversation.com
Some banks slug you with ongoing charges of up to $15 per month, or $180 per year, in order to have an offset account.
www.yourmortgage.com.au
Therefore, putting money in an offset account allows saving more money by reducing interest than any interest earned in your savings account.
en.wikipedia.org

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