How to check your mortgage offset account is working properly | ABC NEWS [1wJrLcDuRQf]
Millions of Australians use an offset account to reduce interest on their mortgage and pay off a home loan sooner, but an ASIC investigation has uncovered errors in the way some banks set up these accounts. Canstar Data Insights Director Sally Tindall explains how borrowers can check their mortgage offset accounts to make sure it's working as intended. 00:00 - How do offset accounts work? 01:16 - How to check whether an offset account is working 04:11 - Should the banks be held responsible? Subscribe: Read more here: Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #abcnewschannel