Things you should know about offset accounts

  • Offset accounts are available on eligible variable rate home loans and not available during a fixed rate period.
  • You’ll need an eligible transaction account, such as a NAB Classic Banking account, to link as your offset account.
  • Learn how an offset works to make the most out of the account.

Steps to link or change your offset accounts

  1. Log into the NAB app and select your home loan account.

  2. Tap on the Manage button, then tap Manage offset accounts.

  3. Review the offset account benefits and trade-offs, then tap Manage offset account(s).

  4. Select or deselect eligible offset accounts and tap Review changes.

  5. Review the changes and important information, and tap Agree and submit changes.

  6. Your changes will be confirmed.

To view your linked offset accounts and interest saved, scroll down to the Linked offset accounts section in your home loan account screen.

How to open a new account to use as an offset account

If you don’t have a transaction account that you can link to an eligible home loan as an offset account, you’ll need to open one. You can use the NAB app to easily open a new account.

Once your account is set up and ready, you can then link it to your home loan using the previous steps to link offset accounts.

Any person named on an offset account must also be named as a borrower on the eligible home loan.

Need to remove an offset from a fixed rate home loan?

Currently, changes can’t be made to fixed rate home loans in the NAB app or NAB Internet Banking.

For help with this change, call us on 13 78 79 to speak to a home loan expert.

Don’t have the NAB app?

Download the app today for a more convenient banking experience.

Other recommended guides

Need help to complete another task? Explore other help guides you might be interested in.

Important Information

NAB Choice Package eligibility

Important: The NAB Choice Package Home Loan is no longer available for sale from 23 February 2023 for broker customers, from 17 March 2023 for retail (direct to bank) customers and from 18 August 2023 for customers with a Business or Private Wealth relationship with NAB, unless they have a current NAB Choice Package which is established before the respective off-sale date (and which remains ongoing).

These products are issued by National Australia Bank Limited.

NAB recommends you consider the  NAB Internet Banking terms and conditions document, before making any decisions regarding this product.

The NAB Mobile Banking app is compatible with Android and iOS, minimum platform requirements apply. Android is a trademark of Google LLC. The Google Logo is a registered trademark of Google Inc. iOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license.