Offset Account Calculator
Calculates interest and time saved by keeping money in an offset account.
Your result
Estimate only. Results update as you type.
How this calculator works
Interest is charged on (loan balance − offset balance) each month while repayments stay the same.
Worth knowing
Offset savings are effectively tax-free, because you save interest rather than earn taxable interest.
Guides for this calculator
- How the Offset Account Calculator Works (With a Worked Example)
- Getting the Most From a Offset Account Calculator: Tips and Common Errors
Questions
- Do these calculators match what my bank will say?
- Lenders use their own models, expense benchmarks and policies. Use these results to prepare, then speak to a lender or broker.
- Are stamp duty rates current?
- Duty thresholds are indexed or changed regularly. Always confirm with your state revenue office before relying on a figure.
- Is this financial advice?
- No. The calculators give general estimates only and don’t consider your objectives or financial situation.
This calculator gives general estimates using published Australian rates and formulas. It doesn’t consider your personal circumstances. Check current figures with the ATO, your state government or a qualified professional before making decisions. See our disclaimer.