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“Family Bank” using offset account

  • Reddit Personal Finance
  • 08-01
  • 189
  • 0

"Family Bank" using offset account I jave an offset account with my home loan. When money is deposited into the account, it reduces the mortgage balance, lowering the interest paid on the loan. My dad, aunt and uncle have a lump sum from grandparents that is earning next to nothing but they are also very low risk. I want to offer that they put the lump sum in my offset and I wil...

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  • Personal Finance
Tags:
  • account
  • bank
  • family

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