Photo by Andre Taissin on Unsplash Most of us have money that spends at least some of its life waiting. Your salary arrives before the mortgage payment is due. Money accumulates for rates, insurance or a holiday. There might be an emergency fund sitting there that you hope you won't need. Or perhaps you are simply building up savings over time. An offset account can give that money something useful to do while it waits. What is an offset account? An offset account is a transa

there are two primary tools that allow you to do this: the Offset Account and the Redraw Facility. Mathematically, they achieve the same result.Behaviourally, they are very different.

Does your income provide you with some spare capacity to pay off your mortgage and you’re wondering whether it makes a difference whether...