Friday, July 25, 2008 
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Mortgage Offset Account










PCU Savings Accounts

Mortgage Offset Account


If you have a Premium Variable Home Loan, then this is a 'must have' savings account. It offsets 100% of the savings balance against your home loan before the loan interest is calculated. This reduces the amount of interest you pay and could shorten the term of your home loan by many years.

Your savings are not locked up in the Mortgage Offset Account, therefore allowing access to your cash at anytime. However, the more you keep in your Mortgage Offset Account, the more you save in interest and the shorter the home loan term.

Your Police Credit Union Mortgage Offset account could automatically qualify you for our Member Rewards Program - which will help you save on ATM and EFTPOS transactions as well as extra free personal cheques and external electronic periodical payments per month.

For more information or to apply for a Mortgage Offset account please contact your nearest Branch.

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