57% of Aussies never check that their offset is linked! 

Research by Money.com has stated 57% of Australians have never confirmed that their offset account is attached to the mortgage. 

9% of Australians have found their offset was not linked, potentially costing them thousands. 

Failing to be linked could end up costing you more than $110k in extra interest over a 30-year loan term on a $600k loan at 5.5%. 

ASIC has begun an investigation into the area across eight major lenders. 

Here’s how you can check if your offset is linked to your mortgage – Log in to your online banking and confirm your offset appears in the “mortgage offset” or “linked accounts” tab. If it’s unclear, call your bank and get it confirmed ASAP!