mortgage offset
Our Mortgage Offset account may perfectly complement your home loan with us. Any funds deposited in a 100% Mortgage Offset account are deducted from your home loan balance prior to calculating your interest expense.
- offset 100% of your savings against your loan balance
- non interest earning account
- no minimum balance requirements
- rediATM network of 1300 ATMs
- VISA access card or Redicard PLUS access
special account requirements
The Mortgage Offset is available on all mecu home and investment loans excluding the fixed portion of a Fixed / Variable Loan and the Basic Home Loan.
non interest earning account
Not only are you reducing the amount of loan interest you pay, you are also reducing the amount of tax you pay on your savings interest.
no minimum balance requirements
No need to maintain a certain balance in your account.
VISA access card or Redicard PLUS access
With a VISA Access or Redicard PLUS you can withdraw cash from any rediATM direct charge free (from March 2009) in Australia and most ATMs worldwide, pay for purchases using EFTPOS, deposit cash or cheques and withdraw cash at over 2,900 Australia Post outlets displaying the Bank@Post sign.
rates
| Offset Service Fee (per month) |
$8.00 |
* Member Support Level equals - deposits PLUS borrowings, LESS overdrawn savings accounts and overlimit overdrafts.
The combined end of month balance of the accounts within a membership sets the relationship threshold for the subsequent month. Ask how you can share your support level with family and friends.
General Advice Warning
In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents before making a decision to apply for products with mecu.
mecu is committed to delivering memorable and superior service to all members. We welcome your feedback, compliments and/or complaints about our performance.
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