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Options Plus account

The Options Plus account is available to Members who:

  • Have a current home loan or mortgage-secured line of credit with Queensland Country and want a 100% offset account attached to the mortgage
  • Are receiving an Aged Pension from Centrelink or the Department of Veteran's Affairs
  • Are a self-funded retiree over 65
  • Are opening an informal trust.

Options Plus comes with five free transactions each month, with no monthly fee, and your money is completely accessible. You can also attach a Visa Debit card to the account, meaning you can access even more free transactions by pressing Credit whenever you make a purchase when using the card at participating retailers. 

What's an offset account?

An offset account allows you to "offset" the interest you earn on money you have in a savings account, against the interest you'd be paying on your mortgage. With a 100% offset account, we essentially deduct the balance of your savings from the balance of your mortgage (theoretically, of course - you still keep all of your savings!), so you only pay interest on the difference.

For example, if you've got $10,000 in savings and a $300,000 mortgage balance, you'll only pay interest on $290,000.

Download our handy guide to using your offset account.

Below we have outlined all of the ways you can access your money, and you can check out our latest interest rates. If you meet one of the descriptions above, just visit your local branch to open an account.

Monthly Service Fee No
Free Transactions 5*
Visa Debit Card tick
CueCard tick
Cheques tick
Staff Assisted Withdrawal tick
EFTPOS tick
ATM tick
Internet Banking Transfers tick
Phone Banking Transfers tick
BPay tick
Direct Debit tick
Bank@Post tick
100% Offset Account on Mortgage tick
Attach to Line of Credit (mortgage secured) tick
Interest Calculated on Minimum monthly balance
(Daily balance if offset account)
Interest Paid Annually

Fees and charges may apply to this account. Not all transactions are included in the free transactions. Fees apply to additional transactions over your included transaction limit. For full details, download our Fees and Charges brochure.