What is interest prepayment and how to use it with an offset account?

i think mortgage pre-payment is right term. your mortgage amount will get reduced as a effect of mortgage pre-payment

arya310706

Thiis isoffered by the bank wher eyou Checkign, Savings and Mortgage accoutns are linked together and your principal will be reduced based on the amount you have in your checking and savings account and you be charged interest based on that every month.

Themore you keep in your checking and savings account the lower interest you pay

good luck and feel free to ask