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  • bank mecu - responsible banking

    • mortgage offset

    mortgage offset

    Our Mortgage Offset account may perfectly complement your home loan with us. Any funds deposited in a 100% Mortgage Offset account are deducted from your home loan balance prior to calculating your interest expense.

    apply for this product

    features & comparisons

    • Available

      responsible savings

      bankmecu is committed to investing its customers' funds for economic performance in both socially and environmentally responsible ways. bankmecu is a signatory to the UN Environment Program Statement by Financial Institutions on the Environment, UN Global Compact and UN Principles for Responsible Investment. Furthermore our approach to sustainable development and enhancing customer value is guided by a covenant with the Victorian State Government.

      Learn more about bankmecu's commitments here.

    • Available

      special account requirements

      The Mortgage Offset is available on all Premium Home Loans, Package Loans and the goGreen Home Loan.

    • Available

      non interest earning account

      Not only are you reducing the amount of loan interest you pay, you are also reducing the amount of tax you pay on your savings interest.

    • Available

      no minimum balance requirements

      No need to maintain a certain balance in your account.

    • Available

      VISA access card or Redicard PLUS access

      With a VISA Access or Redicard PLUS you can withdraw cash from any rediATM direct charge free (from March 2009) in Australia and most ATMs worldwide, pay for purchases using EFTPOS, deposit cash or cheques and withdraw cash at over 3,200 Australia Post outlets displaying the Bank@Post sign.


    rates (effective 14/05/12)

    loan chargesfee
    Offset Service Fee (per month) $8.00

    * Customer Support Level equals - deposits PLUS borrowings, LESS overdrawn savings accounts and overlimit overdrafts.

    The combined end of month balance of your accounts sets the relationship threshold for the subsequent month. Ask how you can share your support level with family and friends.



    want to know more?

    call bankmecu on 132 888 or email us at mail@bankmecu.com.au


    financial claims scheme

    • an account holder may be entitled to payment under the Financial Claims Scheme; and
    • access to the scheme is subject to a limit for each depositor; and
    • information about the scheme can be obtained from the APRA website and the APRA hotline on 1300 13 10 60.
    • Please refer to bankmecu’s Financial Claims Scheme page

    general advice warning

    In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents before making a decision to apply for products with bankmecu.

    bankmecu is committed to delivering memorable and superior service to all customers. We welcome your feedback, compliments and/or complaints about our performance.

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    ® Terms, conditions, fees and charges may be applicable. Bank@Post and its device mark are registered trademarks of the Australian Postal Corporation. All rights reserved.