Mortgage Breaker

Want to reduce your loan term, save interest on your mortgage loan and reduce the taxable interest on your savings? Then you need the Mortgage Breaker!


Put your savings to work and BREAK down your mortgage loan.

Mortgage Breaker is a unique savings account. It "offsets" 100% of your savings balance against your nominated mortgage loan before your mortgage loan interest is calculated. This reduces the amount of interest you pay and may shorten the term of your mortgage loan by many years.

As the balance in your Mortgage Breaker savings account is offset against your mortgage loan, rather than earning interest, there is no interest to tax, so not only are you reducing the amount of interest you pay on your home loan, you are also reducing the taxable interest on your savings.

Your savings are always at call. Your savings are not locked up in the Mortgage Breaker account, so if you need cash your savings are available at call.

Additional features include:

  • Issuing your own Member Cheques
  • Access to your savings with a VISA debit card
  • Electronic payroll (and other credits!) deposits
  • Regular Direct Debits (gas, phone, electricity, etc)

A Mortgage Breaker account can be used to offset your savings against either a new or an existing mortgage loan. There is no minimum amount required in your savings account to obtain the benefit of the offset, however the more you keep in your Mortgage Breaker savings account, the more dramatic the reduction of your home loan.

For as long as you have your mortgage loan, you can use your Mortgage Breaker savings account as the "only" bank account you will need. Used in conjunction with a MyCard Mastercard credit card you will get maximum interest benefits as well as earning "Reward Points".

Contact any of our staff for more information on 03 8417 1777 or 1300 366 350 and This e-mail address is being protected from spambots. You need JavaScript enabled to view it to request the Mortgage Breaker brochure which explains potential results and the accounting keeping terms and conditions.

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 Reviews of existing mortgages are free to members. To book please contact us on 03 8417 1777 or

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ABN: 68 087 651 429