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@lisas Let me get this straight, you've made a post about paying tax on time, but you're not paying your cat tax? You're a phony!

@clara123 Not quite, with a fixed you're paying interest on the whole outstanding balance. With offset it's only the amount not offset. And with a fixed loan, the money you put on it isn't available to you to use at any time. Also you are limited in the extra you can put towards it. The point...

@clara123 Yes, but no. Say the offset rate is at 10%, but you savings is equal to 1/2 the offset amount, this would be effectively 5% interest as you only pay interest on what's not offset.