Translations for „offset account“ in the English » German Dictionary

offset account N TRANS PROCESS

Specialized Vocabulary

offset account (Verrechnungskonto)

Ausgleichskonto nt

Monolingual examples (not verified by PONS Editors)

English

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

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

We live in a property we bought for $900,000, now worth $1.1million with $809,000 owing and $480,000 in our offset account.

www.smh.com.au

If that's the one with the $784,000 loan, see if you can build the offset account up to that figure.

www.smh.com.au

Savings used to reduce an owner-occupied mortgage can easily be accessed via withdrawals from a mortgage offset account using redraw facilities.

www.smh.com.au

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

At the end of the day, however, most borrowers would benefit from having an offset account.

www.yourmortgage.com.au

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

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

The offset account must have the same name as the loan account.

www.smh.com.au