Hi everyone, I've just been approved by Westpac for the Rocket Repay Homeloan (10 years interest only). This will be my primary property, just wondering which option will save me more money. I got 2 accounts, the offset account and the actual homeloan account which has redraw facility. All my salary goes to the offset account, and i get direct debited every month from that account to the actual home loan account. My question is, should i just put all my money in the actual homeloan account instead of the offset since i have redraw facilty or is the money better sitting in the offset account?
Thanks for your time.