Media Release Teachers Mutual Bank new mortgage offset is a game changer Talk to us Phone us Email us Breadcrumbs Teachers Mutual Bank About us Media releases Media releases 2014 Media Release 15 April 2014 15 April 2014 Teachers Mutual Bank new mortgage offset is a game changer Teachers Mutual Bank has launched its game-changing mortgage offset facility, which is available across all its mortgage products including variable rate, fixed rate and interest-only home loans. ‘While many financial institutions offer a home loan offset facility, Teachers Mutual Bank wanted to provide that extra edge. So we’ve developed our offset to be available across our entire home loan product portfolio,” said Steve James, CEO of Teachers Mutual Bank. Teachers Mutual Bank’s 100% mortgage offset is available via its transaction (Everyday and Everyday Direct) accounts, together with: All variable rate home loan products, including Solutions Plus and Smart Home Loan packages; First home buyer product – My First Home Loan All fixed rate home loans – 1, 2 and 3 year fixed All interest only home loans (including fixed rate). “Our members now have market-leading flexibility—no matter what type of home loan they have with us, they can offset it with a transaction account.” “As a relatively late entrant to mortgage offset, we researched the market extensively to see what competitive advantage we might be able to offer. We found that offset is available from many financial institutions in some form but rarely, if ever, across a bank’s entire mortgage product range,” said Steve James. “As a mutual bank we want to provide our members with real choice when structuring their personal finances, so having identified this gap in the market, we’re delighted to be able to fill it with this pioneering solution.” The former Teachers Credit Union is celebrating two years as Teachers Mutual Bank this month. “When we launched Teachers Mutual Bank we promised to provide innovative products and exceptional service, and that’s what we continue to do,” added Steve James. Media contact: Gillian Tatt, PR and Corporate Affairs Specialist, Teachers Mutual Bank on 02 9735 9825 or 0448 259 942 Back to top.