Mortgage Offset Account

Mortgage Offset Account (S10)

  1. A Mortgage Offset Account is a transaction account that can be linked to your home/investment loan.

  2. The credit balance of this account is offset daily against the outstanding loan balance, reducing the interest payable on that loan.

  3. The account must be linked to an eligible home/investment loan funded after the 1st July 2012.See in branch if your loan is eligible for this product.

  4. Funds are available at call

  5. No minimum balance is to be held for the offset to apply.

  6. The following feature and access facilities are available:

    1. Visa Debit Card

    2. CMCU Net Banking

    3. CMCU Phone Banking

    4. Cheque Book

    5. Direct Credits

    6. Direct Debits

    7. BPAY

    8. Osko

    9. Future Payments

  7. Transaction and general fees may apply and you may also be charged for using payment facilities to access the account.Details of fees and charges are contained in the Schedule of Fees, Charges and Member Rewards which forms part of the PDS and which is available from our website or any branch.