Aussies may have been overpaying on home loans without realizing it — ASIC reveals banks failed to pass on full offset account savings, with $55 million already paid out in compensation. Offset accounts reduce mortgage interest by linking savings to your loan, but many weren’t properly set up. Experts advise regular “health checks” via online banking or manual calculation, and if issues persist, contact your bank — or escalate to the AFCA. With rising rates, offset accounts can save big, but fees matter — and competition is pushing lenders to offer better deals with offsets included.
Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN: advertise@thednn.ai
This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai.
Podden och tillhörande omslagsbild på den här sidan tillhör
The Daily News Now!. Innehållet i podden är skapat av The Daily News Now! och inte av,
eller tillsammans med, Poddtoppen.
