Offset Accounts
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Although it can be hard work, paying off your loan as soon as possible does offer many advantages, such as reducing your overall debt, building equity in your home and improving your lifestyle. |
What can I do here?
Find out more about:
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If you're hoping to pay off your loan as soon as possible, Nurses First have a range of home loans that offer you the flexibility you need. Our Mortgage Breaker accounts or Equity Access accounts can help you pay off your loan faster.
Mortgage Breaker Accounts
Our Mortgage Breaker accounts^ - are offset account facility - that act just like an everyday transaction account, while at the same time it works to pay off your home loan faster.
A mortgage offset accounts helps you reduce the amount of your loan on which you are charged interest. It works by taking the balance in your offset account from the balance of your home loan, before interest is calculated each month. It's a simple way of saving money on your home loan.
To find out more about a Nurses First home loans that can be linked to a Mortgage Breaker account, call a Member Services Consultant on 13 25 77, or you can view our Home Loan information. You can also make an online enquiry.
Equity Access Account
If you are considering a Nurses First home loan with an offset account facility, then it is worth looking at our Equity Access account.
As a revolving line of credit, an Equity Access Account works as a transaction and loan account in one. It lets you do a whole lot more than simply pay off your loan. You can access the equity in your home at any time to have funds for any worthwhile purpose.
Convenient access is provided through Netlink, Phonelink, VISA, ATM's or over the counter withdrawals at Bank@Post locations. And most transactions on your Equity Access Account are fee free, no matter how many you make.
For more information about an Equity Access Account, call 13 25 77 to speak with a Member Services Consultant, or you can view our Home Loan information.
Save on fees
Nurses First provides a range of services to help you save on fees. And if you direct your pay to your Nurses First account* you can make as many transactions as you like, fee free. Find out more about our fee free banking alternatives.
*Transaction Fees are exempt if a minimum $500 payroll deposit to the account per month.
Offset accounts at a glance:
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Description |
All in one home loan and transaction account |
Day to day transaction account attached to the Easypay Home Loan or the Lifestyle Home Loan |
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Deposits |
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Payroll Credit
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Direct Credit
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Bank@Post
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Netlink transfer
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Phonelink transfer |
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Payroll Credit
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Direct Credit
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Bank@Post
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Netlink transfer
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Phonelink transfer |
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Withdrawals |
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ATM
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EFTPOS
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Bank@Post
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Netlink transfer
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Phonelink transfer
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BPAY
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Direct Debit |
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ATM
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EFTPOS
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Bank@Post
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BPAY
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Netlink transfer
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Phonelink transfer
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Direct Debit |
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Free Transactions |
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VISA purchase
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EFTPOS
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Netlink transfer
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Phonelink transfer
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BPAY
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VISA purchase
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Netlink transfer
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Phonelink transfer
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BPAY |
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Other Features |
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- Automatic salary crediting to your account
- Statements issued 6 monthly (Bi-monthly if you have a VISA card)
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Interest & Fees |
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Rate is based on the prevailing variable home loan rate. Calculated daily, paid monthly.
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A monthly fee of $8 applies |
- No interest paid - daily balance is used to offset home loan balance
- View current interest rates and fees
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^100% offset benefit (available to owner occupiers only) against the Easypay Home Loan only applies when a minimum of $500 of your pay is electronically deposited per calendar month.
Next step - Offset Accounts
You can use our Budget Planner to plan your expenses, and our Savings Calculator to plan for a long term savings goal.
Call 13 25 77 between 8:30am and 8:00pm Monday to Friday to speak with a Member Services Consultant about our savings accounts. You can also make an online enquiry.
View savings account interest rates and fees.
Opening a Nurses First savings account is easy.
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Online. Start the process by making an online enquiry and a Member Services Consultant will contact you.
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By phone. Call 13 25 77 between 8:30am and 8:00pm Monday to Friday to apply over the phone.
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In person. Visit our branch to complete an application.
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