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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