Mortgage Offset Account

Pay off your house sooner with a home loan offset account

Have you got some savings left over after applying for your home loan? A 100% mortgage offset account is a great way to reduce the interest you pay on your home loan, to pay off your mortgage faster. 


The mortgage offset account works like a normal transactions account, so you can access your money any time. 

Enquire now

1300 55 72 72 

How does the mortgage offset work?

  • deposit any funds, including your salary, into the mortgage offset account 
  • the interest charged on your home loan is calculated on your loan balance, minus the funds held in your offset account.
Not only will you reduce the unpaid balance of your home loan each month (and therefore the interest payable), you’ll be making the most of the funds in your Mortgage Offset Account every single day.


Features and Benefits

  • 100% offset against your eligible Bank of Queensland home loan (not available on SMSF loans) 
  • no minimum balance - even a few hundred dollars will make a difference
  • easy access to your money – in-branch, ATM, Internet Banking and EasyPhone Banking, EFTPOS, cheque book, BPAY and Bank@Post
  • interest is calculated on the daily closing balance of your home loan offset account - up to the outstanding balance of your home loan.
  • Worldwide card acceptance with your Visa Debit Card

Interest Rates

Interest on your home loan offset account is calculated and offset at the interest rate applicable to your home loan.

Important Information

For important information on the BOQ Mortgage Offset Account, view the Terms and Conditions documents below:


How to Apply

1300 55 72 72 



To open a Mortgage Offset Account, visit your nearest branch or call our friendly customer service consultants on 1300 55 72 72.