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. floating rate

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.

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. 

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

Increase the amount of your home loan payments and/or make lump sum payments online at no cost, pay off as much of your home loan as you want, when you want.


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. 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. You can check your balances, make payments, personalise your accounts 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. 

Small Print

All home loans are subject to our lending criteria (including minimum equity requirements), terms and fees. Interest rates are subject to change. An establishment fee of up to $400 may apply for personal lending (the fee may be different for non-personal lending). Not for business purposes.

Account opening and lending criteria, terms and fees apply. BNZ standard terms and conditions apply to all BNZ transaction and savings accounts. Read full Total Money terms and conditions. Details of our fees can be found in our Fees Guide. Rates and fees are subject to change.

*By clicking submit, you consent to BNZ collecting and holding the personal information in this form for the purposes of this enquiry, in accordance with our Privacy Statement.

  1. Maximum of 50 accounts in a TotalMoney group.

  2. Mobile mortgage managers cover the Auckland Region, Hamilton City and surrounds, Tauranga, Napier/Hastings, Christchurch City and surrounds and the Wellington Region.

  3. Service fees, including fees for telegraphic transactions may apply.

  4. Interest is calculated daily and paid monthly. Rate subject to change. A month refers to the period from the last business day of the previous month to the second to last business day of the current calendar month.