Offset vs Savings Account Calculator
Should your spare cash sit in your offset account or a high-interest savings account? This compares them after tax — and shows the savings rate you'd need to beat the offset.
Last verified: 5 May 2026Offset account or savings account?
With a mortgage, the offset almost always wins: the interest it saves is tax-free, while savings interest is taxed at your marginal rate. Same access, better return. Source: ASIC MoneySmart.
General information and estimates only — not financial, tax, or legal advice. Always verify with a licensed adviser or the ATO.
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