NAB Follows Westpac in Launching Multiple Offset Accounts for Home Loans

Collitcomedia25 Feb, 2025Business

NAB has introduced multiple accounts for home loan customers, following Westpac’s move. Borrowers can now offset their mortgage across up to 10 accounts, reducing interest and repayment periods. Accounts function as everyday banking accounts linked to a home loan. They reduce interest payable by deducting the balance from the loan amount. Multiple accounts provide homeowners with greater financial control and enhanced savings potential.