Key features
Interest reduction
When additional payments are made, the offset sub-account helps reduce the amount of interest payable on the linked loan account.
Multiple offset sub-accounts
Choose to have an offset sub-account for each individual loan or loan split.
Flexible payment transfers
Seamlessly transfer payments to and from an individual loan or loan split and the linked offset sub-account.
Easy account management
View the offset sub-account and loan account activity online or via the RedZed Connect mobile app.
Convenient payment options
Make outbound payments via BPAY® or use the “Pay Anyone” feature to transfer funds from the offset sub-account to transaction accounts held with Australian Banks.
No additional RedZed fees
Enjoy the benefits of an offset sub-account without any additional RedZed set-up or ongoing service fees.
Want more information?
Reach out to your RedZed BDM today! They’re available to answer all your questions about our offset sub-account and to provide tailored support.