Interest Offset Account - Mortgage Interest Saver Account (MISA)

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Features and Benefits

 

What Home Loan / Investment Home Loan products are available for MISA?	What is the Interest Rate applicable to the MISA account?		What is the Minimum Initial Deposit?	What is the Minimum Deposit or Withdrawal?	What is the Minimum Balance for Offset Interest to apply?	How can the funds of a MISA account be accessed?
1 Year Guaranteed Rate 12 Month Discounted Variable Rate Standard Variable Rate	Full Interest Offset applies The MISA offset interest rate is equal to 100% of the interest rate charged to the home loan account		$1000	$500	$1000	Netbank ATM EFTPOS,EFTPOB Telephone Banking Commonwealth Bank Branch
Fixed Rate, excluding Interest in Advance	Partial Interest Offset applies (currently 1.5%) The MISA offset interest rate is equal to a margin below the interest rate charged to the home loan account

  

Note: Where the MISA balance exceeds the home loan balance, interest offset applies only up to the amount of the home loan balance.

Fact Sheet

MISA Interest rates

 

How do I open a MISA?

You can open a MISA by completing this application form. It is a requirement that the MISA application is in the same name as the home loan account.

The MISA facility is subject to the terms and conditions as details in Section 4 of Consumer Mortgage Lending Products booklet. 

 

Note: If the customer is applying for MISA, for an existing account, and not applying for a new home loan, you will need to print a copy of the Consumer Mortgage Lending Products booklet and Standard Banking Fees and Charges Brochure for the customer.