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Want to save interest for no extra work? Offset accounts may be the answer!
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Want to save interest for no extra work? Offset accounts may be th…
2.2K views2 weeks ago
YouTubeOne Mile Financial
@evergreenlendinggroup on Instagram: "This one account can make a huge difference to how much interest you pay over time. An offset account is linked to your home loan and works by reducing the balance your interest is calculated on, rather than earning interest like a regular savings account. For example: Loan balance: $600,000 Offset balance: $50,000 Interest charged on: $550,000 You still have full access to your money, and because home loan interest rates are usually higher than savings rate
@evergreenlendinggroup on Instagram: "This one account can …
252 views1 month ago
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