If you have a home loan, then a mortgage offset account, is a great place for your extra cash. It will help you pay off your home faster. With an offset account, you can save thousands of dollars and take years off your mortgage.
Need access to your funds? Not a problem. A mortgage offset account is an 'at call' cash account. There is no obligation to lock your funds in. An no penalty for making extra deposits or withdrawals
Read MoreThe Australian mortgage market is full of great deals, but how do you know which ones will help you pay off your home loan faster?
Read MoreThe RBA is concerned that there are too many home loans in Australia are interest only. Investors are attracted to the negative gearing attribute which enables them to pay less tax. Is paying tax worth earning less money?
Read MoreGeneral Advice Warning: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.