Become mortgage free faster, with offsetting

Offset your TotalMoney floating home loan by using the balances of your day-to-day TotalMoney accounts to reduce the amount of interest you pay.

-% p.a. Residential Owner Occupied floating rate^

Changes to our home loan rates

We now have two different interest rate types for home loans. Either a Residential Owner Occupied rate^ or a Residential Investor rate^ will apply depending on how your lending is secured.

If you entered into a home loan before 23 October 2018 and haven’t been advised that your loan is moving to one of the above interest rate types, see applicable rates here.

Shave years off your home loan

Your TotalMoney home loan works best when combined with TotalMoney everyday accounts, using your smaller, everyday spending and saving goals to help you reach your future goals.

Illustration Lowfees

Reduce the interest you pay

TotalMoney looks at the combined balances of your TotalMoney everyday accounts^ and subtracts these from the total owing on your TotalMoney home loan, so you only pay interest on the remaining amount. 

Illustration TrackProgress

Every dollar adds up

Whether it’s for your weekly supermarket shop, your bill money, savings for a dream holiday or your kitchen renovation fund - every dollar in your TotalMoney everyday accounts helps to reduce the interest you pay on your TotalMoney home loan.

How offsetting works


offsetting graph2

Benefits of TotalMoney

Get the benefit of a flexible home loan, plus everyday accounts that save you interest.


Whatever your balance, by using offsetting, your TotalMoney everyday accounts help lower the interest you pay on your TotalMoney home loan. All of it adds up for your benefit. 

Flexible repayments

Pay off your home loan as and when it suits you by changing the amount of your regular payments online. Use our repayment calculator to work out how many years you could take off your home loan by increasing your payments.


Motivate yourself to stay on track and visualise your goals by personalising your accounts. Attach a picture of your house to your home loan or your dream kitchen to your renovations account.

Pool together

If you don’t have a home loan, pool all of your TotalMoney accounts together and you’ll earn interest on the combined balance. Get up to 50 accounts in one TotalMoney group.

TotalMoney does the hard work for you

TotalMoney at a glance

  • Up to 50 accounts for yourself and your family to use
  • Reduce the amount of interest you pay through offsetting your home loan
  • Award-winning internet and mobile banking
  • Unlimited number of withdrawals
  • Unlimited transactions and no transaction fees^
  • Free alerts
  • $10/month 
  • -% p.a. Residential Owner Occupied floating rate on your home loan
  • 0% credit interest rate^
  • -% p.a.(-) credit interest rate

Manage it all in Internet Banking

Manage your TotalMoney home loan and TotalMoney everyday accounts all in one place. Check your balances, personalise your accounts, change your home loan repayments, and say goodbye to paper statements.

Talk to an expert

To talk to us about your TotalMoney options, fill in the form below and we'll be in touch.


Talk to a mobile mortgage manager

Whether you need help choosing your first home loan, want expert advice, or looking to switch to BNZ – our team is here to help and we'll come to you.^

TotalMoney help and support

Visit our help and support section, or call 0800 275 269 for further information on a TotalMoney home loan or TotalMoney transaction and savings accounts.