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[#1]

Hi there,

we've got $82,207.00 on our variable loan account.

now we r wondering where is the best beneficiary way to deposit this saving money!

should be save it on offset account or leave it in variable loan as it is now.

thanks

[#2]

Hey @Tehran - great question.

If you've got a Home Loan product with a variable interest rate, generally the interest is already being offset at 100% of any available/surplus balance on the loan itself. 

The same goes for an Offset Transaction account linked to a Home Loan with a variable interest rate - the balance in the account offsets the interest accruing on the linked home loan by 100%. 

For example, if you have $200K owing on your Home Loan with a variable interest rate, and your linked Offset Transaction account has a balance of $200K, you won't pay any interest. If you instead would prefer to keep a $200K "available balance" in the home loan account itself, again you won't pay any interest

I hope this helps - let me know if you have any further questions.